Overview This page contains the latest international trade data for REPUBLIC OF KARELIA, including export and import data.

Exports In 2020, Russia's Republic Of Karelia exported $724M, making it the 50th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Republic Of Karelia were Paper, sack kraft, unbleached, uncoated ($204M), Wood; coniferous species, of fir (Abies... ($97.5M), Wood; coniferous species, of pine (Pinus... ($72.8M), Iron ore, concentrate, not iron pyrites,... ($51.1M), and Chem wood pulp, soda or sulphate,... ($46M).

Imports In 2020, Russia's Republic Of Karelia imported $207M, making it the 61st largest importer out of the 85 importers in Russia. In 2020 top imports of Republic Of Karelia were Animal feed preparations nes ($24.8M), Machines for making paper/board bags, sacks,... ($11.5M), Articles of iron or steel, nes ($11.4M), Fishing vessels and factory ships ($10.9M), and Rubber; new pneumatic tyres, of a... ($8.41M).

Economic Complexity In 2020, the highest complexity exports of Republic Of Karelia according to the product complexity index (PCI) are Shaped Paper (0.47), Large Iron Containers (0.27), Prefabricated Buildings (0.22), Particle Board (0.21), and Uncoated Kraft Paper (-0.062). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

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Yearly Exports

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Top Destination (2020): Finland, $200M

Top Product (2020): Paper, sack kraft, unbleached, uncoated, $204M

In 2020 the top export destinations of Republic Of Karelia were Finland ($200M), China ($77.9M), Netherlands ($62.2M), Estonia ($35M), and Turkey ($33.1M).

In 2020 the top exports of Republic Of Karelia were Paper, sack kraft, unbleached, uncoated ($204M), Wood; coniferous species, of fir (Abies... ($97.5M), Wood; coniferous species, of pine (Pinus... ($72.8M), Iron ore, concentrate, not iron pyrites,... ($51.1M), and Chem wood pulp, soda or sulphate,... ($46M).

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Exports Dynamics

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Fastest Growing Exports Destination (Jun 2020 - Jun 2021)

Rapidly Declining Export Origins (Jun 2020 - Jun 2021)

Yearly Imports

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Top Origin (2020): Finland, $54.4M

Top Import (2020): Animal feed preparations nes, $24.8M

In 2020 the top import origins of Republic Of Karelia were Finland ($54.4M), Ukraine ($21.9M), Germany ($20.1M), Belarus ($15.6M), and China ($14.1M).

In 2020 the top imports of Republic Of Karelia were Animal feed preparations nes ($24.8M), Machines for making paper/board bags, sacks,... ($11.5M), Articles of iron or steel, nes ($11.4M), Fishing vessels and factory ships ($10.9M), and Rubber; new pneumatic tyres, of a... ($8.41M).

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Imports Dynamics

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Fastest Growing Import Origins (Jun 2020 - Jun 2021)

Rapidly Declining Import Origins (Jun 2020 - Jun 2021)

Economic Complexity

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Economic Complexity of Russia

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Economic Complexity (2020): -0.49

Republic Of Karelia ranks 46th out of the 85 districts in Russia according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Economic Complexity Ranking

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The economic complexity of a territory can change year to year. Republic Of Karelia it is in position 46th 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 Republic Of Karelia already has a comparative advantage, are led by Raw Iron Bars (0.05), Wood Carpentry (0.049), Dried Legumes (0.049), Wheat Flours (0.049), and Other Vegetable Products (0.047).

Most Complex Products by PCI

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The highest complexity exports of Republic Of Karelia according to the product complexity index (PCI) are Shaped Paper (0.47), Large Iron Containers (0.27), Prefabricated Buildings (0.22), Particle Board (0.21), and Uncoated Kraft Paper (-0.062). 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 Uncoated Kraft Paper (358.5), Fuel Wood (148.8), Prepared Explosives (123.6), Sawn Wood (117.8), and Frozen Fruits and Nuts (61.6).

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 Republic Of Karelia 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  Republic Of Karelia. These are products that tend to be co-exported with the products that Republic Of Karelia 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.