Kostroma Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: -0.65, Rank 55 of 64

Nov 2020
Trade
Exports | Imports
: $411M | $13.7M, 15 of 85 | 64 of 84

Nov 2020
Country
Destination | Origin
: United Kingdom | China , $386M  | $1.71M

Nov 2020
Product
Exports | Imports
: Gold | Raw Tobacco , $385M  | $2.16M

Overview: This page contains the latest international trade data for KOSTROMA REGION, including export and import data.

Exports: In 2020, Russia's Kostroma Region exported $3.32B, making it the 19th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Kostroma Region were Gold in unwrought forms non-monetary ($3.09B), Plywood; with sheets of wood only;... ($90.5M), Medium density fibreboard (MDF), of a... ($23.3M), Jewellery and parts of precious metal... ($19.7M), and Silver in unwrought forms ($15.4M).

Imports: In 2020, Russia's Kostroma Region imported $121M, making it the 64th largest importer out of the 85 importers in Russia. In 2020 top imports of Kostroma Region were Tobacco, unmanufactured, stemmed or stripped ($8.36M), Commodities not specified according to kind ($7.71M), Diamonds (jewellery) worked but not mounted... ($6.39M), Machines to agglomerate, shape, mould minerals... ($5.22M), and Paper, coated/impregnated/covered/coloured/printed ne ($4.95M).

Economic Complexity: In 2019, the highest complexity exports of Kostroma Region according to the product complexity index (PCI) are Other Heating Machinery (1.27), Flat-Rolled Iron (1.25), Engine Parts (0.98), Iron Radiators (0.72), and Refrigerators (0.7). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value
Reference Period

This section shows the differences between KOSTROMA REGION's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Russia's country profile.

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Yearly Exports

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Value
Depth

Top Destination (2020): United Kingdom, $3.09B

Top Product (2020): Gold in unwrought forms non-monetary, $3.09B

In 2020 the top export destinations of Kostroma Region were United Kingdom ($3.09B), Kazakhstan ($28.5M), Belarus ($21.8M), Germany ($14.7M), and Switzerland ($14M).

In 2020 the top exports of Kostroma Region were Gold in unwrought forms non-monetary ($3.09B), Plywood; with sheets of wood only;... ($90.5M), Medium density fibreboard (MDF), of a... ($23.3M), Jewellery and parts of precious metal... ($19.7M), and Silver in unwrought forms ($15.4M).

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Exports Dynamics

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Fastest Growing Exports Destination (Nov 2019 - Nov 2020)

Rapidly Declining Export Origins (Nov 2019 - Nov 2020)

Yearly Imports

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Value
Depth

Top Origin (2020): China, $24.4M

Top Import (2020): Tobacco, unmanufactured, stemmed or stripped, $8.36M

In 2020 the top import origins of Kostroma Region were China ($24.4M), Germany ($20M), Italy ($9.62M), Belarus ($9.41M), and India ($6.92M).

In 2020 the top imports of Kostroma Region were Tobacco, unmanufactured, stemmed or stripped ($8.36M), Commodities not specified according to kind ($7.71M), Diamonds (jewellery) worked but not mounted... ($6.39M), Machines to agglomerate, shape, mould minerals... ($5.22M), and Paper, coated/impregnated/covered/coloured/printed ne ($4.95M).

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Imports Dynamics

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Fastest Growing Import Origins (Nov 2019 - Nov 2020)

Rapidly Declining Import Origins (Nov 2019 - Nov 2020)

Economic Complexity

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Economic Complexity of Russia

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Kostroma Region ranks 55th out of the 85 districts in Russia according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Kostroma Region it is in position 55th considering its ECI in the last year.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Kostroma Region already has a comparative advantage, are led by Wood Carpentry (0.048), Potassic Fertilizers (0.045), Chocolate (0.043), Ferroalloys (0.043), and Plastic Building Materials (0.042).

Most Complex Products by PCI

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The highest complexity exports of Kostroma Region according to the product complexity index (PCI) are Other Heating Machinery (1.27), Flat-Rolled Iron (1.25), Engine Parts (0.98), Iron Radiators (0.72), and Refrigerators (0.7). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Plywood (189), Wood Fiberboard (83.7), Large Coated Flat-Rolled Iron (78.1), Gold (32.9), and Silver (26).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Kostroma Region is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  Kostroma Region. These are products that tend to be co-exported with the products that Kostroma Region exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.