Krasnodar Territory

Federal subject in SOUTHERN FEDERAL DISTRICT, district of Russia

Exports (2019): $6.92B, Rnk 10/85

Top Destination (2019): $948M, Turkey

Top Export (2019): $1.71B, Light petroleum distillates nes

Imports (2019): $3.99B, Rnk 8/85

Top Origin (2019): $602M, China

Top Import (2019): $289M, Palm oil or fractions simply refined

Economic Complexity (2019): -0.75, Rnk 57 / 85

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

Exports: In 2019, Russia's Krasnodar Territory exported $6.92B, making it the 10th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Krasnodar Territory were Light petroleum distillates nes ($1.71B), Cereals: wheat and meslin, other than... ($1.62B), Coal tar distillation products nes ($1.1B), Petroleum spirit for motor vehicles ($589M), and Rectangular iron or non-alloy steel bars,... ($206M).

Imports: In 2019, Russia's Krasnodar Territory imported $3.99B, making it the 8th largest importer out of the 85 importers in Russia. In 2019 top imports of Krasnodar Territory were Palm oil or fractions simply refined ($289M), Fruit, edible: bananas, other than plantains,... ($226M), Fruit, edible; mandarins (including tangerines and... ($136M), Coffee, not roasted, not decaffeinated ($117M), and Tomatoes, fresh or chilled ($89.2M).

Economic Complexity: In 2019, the highest complexity exports of Krasnodar Territory according to the product complexity index (PCI) are Harvesting Machinery (0.88), Steel Bars (0.66), Shaped Paper (0.58), Iron Structures (0.45), and Antifreeze (0.42). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Year

Top Destination (2019): Turkey, $948M

Top Product (2019): Light petroleum distillates nes, $1.71B

In 2019 the top export destinations of Krasnodar Territory were Turkey ($948M), China ($526M), Switzerland ($496M), Egypt ($471M), and Cyprus ($358M).

In 2019 the top exports of Krasnodar Territory were Light petroleum distillates nes ($1.71B), Cereals: wheat and meslin, other than... ($1.62B), Coal tar distillation products nes ($1.1B), Petroleum spirit for motor vehicles ($589M), and Rectangular iron or non-alloy steel bars,... ($206M).

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Export Dynamics

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Fastest Growing Exports Destination (August 2019 - August 2020)

Rapidly Declining Export Origins (August 2019 - August 2020)

Yearly Imports

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Depth
Year

Top Origin (2019): China, $602M

Top Import (2019): Palm oil or fractions simply refined, $289M

In 2019 the top import origins of Krasnodar Territory were China ($602M), Turkey ($541M), Indonesia ($346M), Ecuador ($225M), and Belarus ($212M).

In 2019 the top imports of Krasnodar Territory were Palm oil or fractions simply refined ($289M), Fruit, edible: bananas, other than plantains,... ($226M), Fruit, edible; mandarins (including tangerines and... ($136M), Coffee, not roasted, not decaffeinated ($117M), and Tomatoes, fresh or chilled ($89.2M).

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Import Dynamics

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Fastest Growing Import Origins (August 2019 - August 2020)

Rapidly Declining Import Origins (August 2019 - August 2020)

Comparison in Time

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This section shows differences between total trade from KRASNODAR TERRITORY throughout time.

This section shows forecasts for total exports and imports from KRASNODAR TERRITORY. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

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Economic Complexity

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Economic Complexity of Russia

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Krasnodar Territory ranks 57th out of the 85 federal subjects in Russia according to ECI.

Estimated using exports data.

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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 Krasnodar Territory already has a comparative advantage, are led by Rough Wood (0.09), Nitrogenous Fertilizers (0.087), Petroleum Gas (0.082), Sawn Wood (0.081), and Cement (0.081).

Most Complex Products by PCI

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The highest complexity exports of Krasnodar Territory according to the product complexity index (PCI) are Harvesting Machinery (0.88), Steel Bars (0.66), Shaped Paper (0.58), Iron Structures (0.45), and Antifreeze (0.42). 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 Coal Tar Oil (111), Wheat (92.9), Seed Oils (49.8), Hot-Rolled Iron Bars (41.3), and Linseed (30.3).

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 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.

Relatedness Space

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This network shows the products most related to the production structure of  Krasnodar Territory. These are products that tend to be co-exported with the products that Krasnodar Territory 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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Depth
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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.