Krasnodar Territory

Federal subject in SOUTHERN FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: -0.58, Rank 52 of 64

Nov 2020
Trade
Exports | Imports
: $470M | $424M, 12 of 85 | 8 of 84

Nov 2020
Country
Destination | Origin
: Turkey | Turkey , $84M  | $101M

Nov 2020
Product
Exports | Imports
: Wheat | Citrus , $183M  | $64.3M

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.

Comparison in Time

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Flow
Value
Reference Period

This 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.

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Yearly Exports

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Value
Depth

Top 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).

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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, $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).

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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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Krasnodar Territory ranks 52nd 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. Krasnodar Territory it is in position 52nd 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 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

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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.

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 (105), Wheat (93.6), Seed Oils (49.3), Hot-Rolled Iron Bars (39.7), and Linseed (32.8).

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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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.