Kursk RegionFederal 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.
Overview: In November 2020 KURSK REGION exported $81.2M and imported $44.6M, resulting in a positive trade balance of $36.5M. Between November 2019 and November 2020 the exports of KURSK REGION have increased by $193k (0.24%) from $81M to $81.2M, while imports increased by $9.67M (27.6%) from $35M to $44.6M.
Trade: In November 2020, the top exports of KURSK REGION were Iron Ore ($36.1M), Chocolate ($4.44M), Raw Plastic Sheeting ($4.01M), Malt ($3.08M), and Starch Residue ($3M). In November 2020 the top imports of KURSK REGION were Machinery Having Individual Functions ($9.59M), Packaged Medicaments ($6.84M), Industrial Printers ($2.27M), Plastic Lids ($1.47M), and Washing and Bottling Machines ($1.46M).
Destinations: In November 2020, KURSK REGION exported mostly to Latvia ($9.88M), Slovakia ($9.41M), Hungary ($8.89M), China ($7.38M), and Ukraine ($6.67M), and imported mostly from China ($7.66M), Italy ($6.36M), Ukraine ($5.44M), Ireland ($4.69M), and Poland ($4.33M).
Growth: In November 2020, the increase in KURSK REGION's year-by-year exports was explained primarily by an increase in exports to Slovakia ($9.33M or 12.6k%), Latvia ($7.31M or 285%), and Romania ($1.73M or 1.12k%), and product exports increase in Malt ($2.9M or 1.66k%), Rubber Belting ($1.72M or 198%), and Pig Meat ($1.48M or 271%). In November 2020, the increase in KURSK REGION's year-by-year imports was explained primarily by an increase in imports from China ($5.06M or 195%), Ireland ($4.56M or 3.46k%), and Poland ($4.11M or 1.88k%), and product imports increase in Machinery Having Individual Functions ($9.37M or 4.14k%), Industrial Printers ($1.8M or 379%), and Washing and Bottling Machines ($1.23M or 544%).
EXPORT GROWTH (November 2019 - November 2020): $193k, (0.24%)
IMPORT GROWTH (November 2019 - November 2020): $9.67M, (27.6%)
This section shows exports and imports data at subnational level for KURSK REGION. 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 KURSK REGION over time.
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.
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).
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).
Kursk Region ranks 40th out of the 85 districts in Russia according to ECI.
Estimated using exports data.
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.
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).
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.
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.
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.
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