Kursk Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

Exports (2019): $753M, Rnk 50/85

Top Destination (2019): $152M, China

Top Export (2019): $391M, Iron ore, concentrate, not iron pyrites,...

Imports (2019): $576M, Rnk 38/85

Top Origin (2019): $195M, Switzerland

Top Import (2019): $217M, Medicaments nes, in dosage

Economic Complexity (2019): -0.3, Rnk 36 / 85

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

Exports: In 2019, Russia's Kursk Region exported $753M, making it the 50th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Kursk Region were Iron ore, concentrate, not iron pyrites,... ($391M), Sheet/film not cellular/reinf polymers of propylene ($46.1M), Feathers and down used for stuffing ($26.9M), Chocolate/cocoa food preparations nes ($22.8M), and Yarn, synthetic: filament, monofilament (less than... ($19.9M).

Imports: In 2019, Russia's Kursk Region imported $576M, making it the 38th largest importer out of the 85 importers in Russia. In 2019 top imports of Kursk Region were Medicaments nes, in dosage ($217M), Plastic sacks, bags, cone except of... ($12.9M), Agricultural, bee-keeping plant nes, germination plan ($10.6M), Swine, live pure-bred breeding ($9.38M), and Balls, iron or steel, cast, for... ($8.88M).

Economic Complexity: In 2019, the highest complexity exports of Kursk Region according to the product complexity index (PCI) are Iron Pipe Fittings (0.96), Rubber Pipes (0.94), Rubber Belting (0.9), Pig Meat (0.78), and Electric Generating Sets (0.75). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
Depth
Year

Top Destination (2019): China, $152M

Top Product (2019): Iron ore, concentrate, not iron pyrites,..., $391M

In 2019 the top export destinations of Kursk Region were China ($152M), Vietnam ($65.4M), Ukraine ($64.8M), Belarus ($61.2M), and Slovakia ($57.7M).

In 2019 the top exports of Kursk Region were Iron ore, concentrate, not iron pyrites,... ($391M), Sheet/film not cellular/reinf polymers of propylene ($46.1M), Feathers and down used for stuffing ($26.9M), Chocolate/cocoa food preparations nes ($22.8M), and Yarn, synthetic: filament, monofilament (less than... ($19.9M).

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Export Dynamics

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Fastest Growing Exports Destination (June 2019 - June 2020)

Rapidly Declining Export Origins (June 2019 - June 2020)

Yearly Imports

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Depth
Year

Top Origin (2019): Switzerland, $195M

Top Import (2019): Medicaments nes, in dosage, $217M

In 2019 the top import origins of Kursk Region were Switzerland ($195M), Ukraine ($104M), Belarus ($44.1M), Italy ($32.7M), and China ($28.9M).

In 2019 the top imports of Kursk Region were Medicaments nes, in dosage ($217M), Plastic sacks, bags, cone except of... ($12.9M), Agricultural, bee-keeping plant nes, germination plan ($10.6M), Swine, live pure-bred breeding ($9.38M), and Balls, iron or steel, cast, for... ($8.88M).

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Import Dynamics

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Fastest Growing Import Origins (June 2019 - June 2020)

Rapidly Declining Import Origins (June 2019 - June 2020)

Comparison in Time

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This section shows differences between total trade from KURSK REGION throughout time.

This section shows forecasts for total exports and imports from KURSK REGION. 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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Kursk Region ranks 36th 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 Kursk Region already has a comparative advantage, are led by Bran (0.11), Other Vegetable Residues (0.099), Sawn Wood (0.094), Other Vegetables (0.093), and Fruit Juice (0.092).

Most Complex Products by PCI

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The highest complexity exports of Kursk Region according to the product complexity index (PCI) are Iron Pipe Fittings (0.96), Rubber Pipes (0.94), Rubber Belting (0.9), Pig Meat (0.78), and Electric Generating Sets (0.75). 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 Bird Feathers and Skins (409), Iron Ore (101), Malt (80.4), Leather of Other Animals (69), and Processed Cereals (53.5).

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 Kursk 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  Kursk Region. These are products that tend to be co-exported with the products that Kursk 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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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.