Krasnodar Territory
Federal subject in SOUTHERN FEDERAL DISTRICT, district of Russia
Overview: This page contains the latest international trade data for KRASNODAR TERRITORY, including export and import data.
Exports: In 2020, Russia's Krasnodar Territory exported $4.76B, making it the 12th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Krasnodar Territory were Cereals: wheat and meslin, other than... ($1.26B), Light petroleum distillates nes ($900M), Coal tar distillation products nes ($414M), Petroleum spirit for motor vehicles ($366M), and Rectangular iron or non-alloy steel bars,... ($214M).
Imports: In 2020, Russia's Krasnodar Territory imported $3.7B, making it the 8th largest importer out of the 85 importers in Russia. In 2020 top imports of Krasnodar Territory were Palm oil or fractions simply refined ($377M), Fruit, edible: bananas, other than plantains,... ($202M), Grapes, fresh ($95.9M), Coffee, not roasted, not decaffeinated ($87.6M), and Fruit, edible; mandarins (including tangerines and... ($83.8M).
Economic Complexity: In 2019, the highest complexity exports of Krasnodar Territory according to the product complexity index (PCI) are Harvesting Machinery (0.87), Iron Structures (0.5), Shaped Paper (0.47), Antifreeze (0.41), and Steel Bars (0.34). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Latest Trends (November, 2020)
#permalink to sectionOverview: In November 2020 KRASNODAR TERRITORY exported $470M and imported $424M, resulting in a positive trade balance of $46.2M. Between November 2019 and November 2020 the exports of KRASNODAR TERRITORY have decreased by $-131M (-21.8%) from $602M to $470M, while imports increased by $59.8M (16.4%) from $364M to $424M.
Trade: In November 2020, the top exports of KRASNODAR TERRITORY were Wheat ($183M), Refined Petroleum ($107M), Seed Oils ($30.1M), Hot-Rolled Iron Bars ($14.6M), and Raw Iron Bars ($9.73M). In November 2020 the top imports of KRASNODAR TERRITORY were Citrus ($64.3M), Palm Oil ($52M), Bananas ($21M), Grapes ($12M), and Other Fruits ($11.4M).
Destinations: In November 2020, KRASNODAR TERRITORY exported mostly to Turkey ($84M), Egypt ($63.5M), Israel ($27.1M), Switzerland ($24.7M), and South Korea ($20M), and imported mostly from Turkey ($101M), Indonesia ($59.2M), China ($56.9M), Belarus ($21.8M), and France ($20.7M).
Growth: In November 2020, the decrease in KRASNODAR TERRITORY's year-by-year exports was explained primarily by an decrease in exports to Egypt ($-31.4M or -33.1%), Switzerland ($-29M or -54%), and China ($-28.9M or -59.8%), and product exports decrease in Semi-Finished Iron ($-61.2M or -92.6%), Wheat ($-17.1M or -8.53%), and Hot-Rolled Iron Bars ($-15.3M or -51.2%). In November 2020, the increase in KRASNODAR TERRITORY's year-by-year imports was explained primarily by an increase in imports from Turkey ($26.1M or 34.9%), Indonesia ($18M or 43.6%), and France ($16.9M or 451%), and product imports increase in Palm Oil ($16.3M or 45.6%), Citrus ($12.5M or 24%), and Lifting Machinery ($10.3M or 1.01k%).
Monthly Trade
#permalink to sectionEXPORT GROWTH (November 2019 - November 2020): $-131M, (-21.8%)
IMPORT GROWTH (November 2019 - November 2020): $59.8M, (16.4%)
This section shows exports and imports data at subnational level for KRASNODAR TERRITORY. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of KRASNODAR TERRITORY over time.
Comparison in Time
#permalink to sectionThis section shows the differences between KRASNODAR TERRITORY's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Russia's country profile.
Yearly Exports
#permalink to sectionTop Destination (2020): Turkey, $591M
Top Product (2020): Cereals: wheat and meslin, other than..., $1.26B
In 2020 the top export destinations of Krasnodar Territory were Turkey ($591M), China ($449M), Egypt ($432M), Switzerland ($235M), and Israel ($205M).
In 2020 the top exports of Krasnodar Territory were Cereals: wheat and meslin, other than... ($1.26B), Light petroleum distillates nes ($900M), Coal tar distillation products nes ($414M), Petroleum spirit for motor vehicles ($366M), and Rectangular iron or non-alloy steel bars,... ($214M).
Exports Dynamics
#permalink to sectionYearly Imports
#permalink to sectionTop Origin (2020): China, $572M
Top Import (2020): Palm oil or fractions simply refined, $377M
In 2020 the top import origins of Krasnodar Territory were China ($572M), Turkey ($523M), Indonesia ($435M), Ecuador ($195M), and Belarus ($170M).
In 2020 the top imports of Krasnodar Territory were Palm oil or fractions simply refined ($377M), Fruit, edible: bananas, other than plantains,... ($202M), Grapes, fresh ($95.9M), Coffee, not roasted, not decaffeinated ($87.6M), and Fruit, edible; mandarins (including tangerines and... ($83.8M).
Imports Dynamics
#permalink to sectionLatest Data
#permalink to sectionEconomic Complexity
#permalink to sectionEconomic Complexity of Russia
#permalink to sectionKrasnodar Territory ranks 52nd out of the 85 districts in Russia according to ECI.
Estimated using exports data.
Economic Complexity Ranking
#permalink to sectionThe economic complexity of a territory can change year to year. Krasnodar Territory it is in position 52nd considering its ECI in the last year.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities according to the relatedness level, without considering those products were Krasnodar Territory already has a comparative advantage, are led by Nitrogenous Fertilizers (0.087), Rough Wood (0.086), Cement (0.085), Wood Charcoal (0.082), and Soybeans (0.082).
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Krasnodar Territory according to the product complexity index (PCI) are Harvesting Machinery (0.87), Iron Structures (0.5), Shaped Paper (0.47), Antifreeze (0.41), and Steel Bars (0.34). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Most Specialized Products by RCA Index
#permalink to sectionThe most specialized products according to the RCA index are led by Coal Tar Oil (105), Wheat (93.6), Seed Oils (49.3), Hot-Rolled Iron Bars (39.7), and Linseed (32.8).
Product Space
#permalink to sectionThe 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 Krasnodar Territory 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.
Diversification Frontier
#permalink to sectionThe 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.
