Kursk Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: -0.33, Rank 40 of 64

Nov 2020
Trade
Exports | Imports
: $81.2M | $44.6M, 47 of 85 | 42 of 84

Nov 2020
Country
Destination | Origin
: Latvia | China , $9.88M  | $7.66M

Nov 2020
Product
Exports | Imports
: Iron Ore | Machinery Having Individual Functions , $36.1M  | $9.59M

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

Exports: In 2020, Russia's Kursk Region exported $660M, making it the 49th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Kursk Region were Iron ore, concentrate, not iron pyrites,... ($340M), Sheet/film not cellular/reinf polymers of propylene ($39M), Chocolate/cocoa food preparations nes ($22.1M), Refined sugar, in solid form, nes,... ($20M), and Yarn, synthetic: filament, monofilament (less than... ($19.6M).

Imports: In 2020, Russia's Kursk Region imported $426M, making it the 41st largest importer out of the 85 importers in Russia. In 2020 top imports of Kursk Region were Medicaments nes, in dosage ($97.1M), Machines to process animal or fixed... ($24.2M), Machines and mechanical appliances nes ($13.6M), Agricultural, bee-keeping plant nes, germination plan ($12.4M), and Plastic sacks, bags, cone except of... ($9.91M).

Economic Complexity: In 2019, the highest complexity exports of Kursk Region according to the product complexity index (PCI) are Rubber Sheets (1), Electric Batteries (0.97), Iron Pipe Fittings (0.94), Rubber Belting (0.91), and Rubber Pipes (0.87). 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 KURSK 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): China, $188M

Top Product (2020): Iron ore, concentrate, not iron pyrites,..., $340M

In 2020 the top export destinations of Kursk Region were China ($188M), Slovakia ($53.2M), Ukraine ($48.6M), Latvia ($38.6M), and Belarus ($38.5M).

In 2020 the top exports of Kursk Region were Iron ore, concentrate, not iron pyrites,... ($340M), Sheet/film not cellular/reinf polymers of propylene ($39M), Chocolate/cocoa food preparations nes ($22.1M), Refined sugar, in solid form, nes,... ($20M), and Yarn, synthetic: filament, monofilament (less than... ($19.6M).

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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): Switzerland, $71.5M

Top Import (2020): Medicaments nes, in dosage, $97.1M

In 2020 the top import origins of Kursk Region were Switzerland ($71.5M), Ukraine ($66.2M), China ($51.6M), Belarus ($35.7M), and Italy ($29.4M).

In 2020 the top imports of Kursk Region were Medicaments nes, in dosage ($97.1M), Machines to process animal or fixed... ($24.2M), Machines and mechanical appliances nes ($13.6M), Agricultural, bee-keeping plant nes, germination plan ($12.4M), and Plastic sacks, bags, cone except of... ($9.91M).

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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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Kursk Region ranks 40th 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. Kursk Region it is in position 40th 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 Kursk Region already has a comparative advantage, are led by Bran (0.1), Other Vegetable Residues (0.1), Sawn Wood (0.095), Soap (0.095), and Other Vegetable Products (0.094).

Most Complex Products by PCI

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The highest complexity exports of Kursk Region according to the product complexity index (PCI) are Rubber Sheets (1), Electric Batteries (0.97), Iron Pipe Fittings (0.94), Rubber Belting (0.91), and Rubber Pipes (0.87). 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 (351), Iron Ore (89.9), Malt (82.5), Leather of Other Animals (75.7), and Processed Cereals (52.7).

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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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.