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Federal subject in NORTH WEST FEDERAL DISTRICT, district of Russia

2021
Economic
Complexity -0.47Rank 49 of 61
Jan 2022
Trade
Exports | Imports $169M | $31.9M39 of 85 | 53 of 83
Jan 2022
Country
Destination | Origin Turkey | Denmark $40.5M  | $9.89M

About

Overview This page contains the latest international trade data for REPUBLIC OF KARELIA. In January 2022 REPUBLIC OF KARELIA was the number 48 in total exports and the number 54 in total imports in Russia.

Exports In 2021, Russia's Republic Of Karelia exported $169M, making it the 48th largest exporter out of the 85 exporters in Russia. In 2021 the top exports of Republic Of Karelia were Iron ore, concentrate, not iron pyrites,... ($274M), Unbleached Sack Kraft Paper ($188M), Wood; coniferous species, of fir (Abies... ($157M), Wood; coniferous species, of pine (Pinus... ($113M), and Newsprint ($67.5M).

Imports In 2021, Russia's Republic Of Karelia imported $31.9M, making it the 54th largest importer out of the 85 importers in Russia. In 2021 top imports of Republic Of Karelia were Chem wood pulp, soda or sulphate,... ($46.5M), Commodities not specified according to kind ($35.2M), Animal feed preparations nes ($26.6M), Machines to crush or grind stone,... ($21.1M), and Machines for making paper/board bags, sacks,... ($16.1M).

Economic Complexity In 2021, the highest complexity exports of Republic Of Karelia according to the product complexity index (PCI) are Fishing Ships (N/A), Newsprint (0.99), Other Agricultural Machinery (0.93), Nuclear Reactors (0.78), Wood Pulp Lyes (0.55), Peat (0.48), Other Cast Iron Products (0.39), Wood Carpentry (0.21), Other Uncoated Paper (0.19), and Particle Board (0.17). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2022

About

Overview In January 2022 REPUBLIC OF KARELIA exported $169M and imported $31.9M, resulting in a positive trade balance of $137M. Between January 2021 and January 2022 the exports of REPUBLIC OF KARELIA have increased by $122M (261%) from $46.8M to $169M, while imports increased by $17.8M (126%) from $14.1M to $31.9M.

Trade In January 2022, the top exports of REPUBLIC OF KARELIA were Iron Ore ($77.6M), Newsprint ($26.2M), Kraft Paper ($17.9M), Sawn Wood ($14.5M), and Sulfate Chemical Woodpulp ($5.77M). In January 2022 the top imports of REPUBLIC OF KARELIA were Fishing Ships ($9.89M), Sulfate Chemical Woodpulp ($4.03M), Stone Processing Machines ($3.26M), Other Paper Machinery ($2.14M), and Orthopedic Appliances ($1.77M).

Destinations In January 2022, REPUBLIC OF KARELIA exported mostly to Turkey ($40.5M), Finland ($39.2M), China ($17.5M), France ($17.1M), and India ($9.31M), and imported mostly from Denmark ($9.89M), Belarus ($3.77M), Finland ($3.35M), Germany ($2.44M), and France ($2.34M).

Growth In January 2022, the increase in REPUBLIC OF KARELIA's year-by-year exports was explained primarily by an increase in exports to Turkey ($39.1M or 2.77k%), Finland ($26.3M or 203%), and France ($16.8M or 6.09k%), and product exports increase in Kraft Paper ($4.79M or 36.6%), Non-fillet Frozen Fish ($3.7M or 199%), and Sawn Wood ($3.33M or 29.8%). In January 2022, the increase in REPUBLIC OF KARELIA's year-by-year imports was explained primarily by an increase in imports from Denmark ($9.67M or 4.27k%), France ($2.33M or 46.7k%), and Germany ($2.25M or 1.23k%), and product imports increase in Stone Processing Machines ($3.18M or 4.1k%), Sulfate Chemical Woodpulp ($3.02M or 299%), and Orthopedic Appliances ($1.26M or 247%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (January 2021 - January 2022)$122M(261%)
IMPORT GROWTH (January 2021 - January 2022)$17.8M(126%)

This section shows exports and imports data at subnational level for REPUBLIC OF KARELIA. 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 REPUBLIC OF KARELIA over time.

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REPUBLIC OF KARELIA's Monthly Exports
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Exports by Products
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Exports by Countries
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Historical Data

Yearly Exports

Color
Depth
Top Destination (2021)Finland$300M
Top Product (2021)Iron ore, concentrate, not iron pyrites,...$274M

In 2021 the top export destinations of Republic Of Karelia were Finland ($300M), Turkey ($107M), China ($86.2M), Netherlands ($84.8M), and Estonia ($72.8M).

In 2021 the top exports of Republic Of Karelia were Iron ore, concentrate, not iron pyrites,... ($274M), Unbleached Sack Kraft Paper ($188M), Wood; coniferous species, of fir (Abies... ($157M), Wood; coniferous species, of pine (Pinus... ($113M), and Newsprint ($67.5M).

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Exports (2021)
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Destinations (2021)
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Exports Dynamics

Fastest Growing Exports Destination (Jan 2021 - Jan 2022)
Turkey $39.1M (2.77k%)
Finland $26.3M (203%)
France $16.8M (6.09k%)
Rapidly Declining Export Origins (Jan 2021 - Jan 2022)
Saudi Arabia -$570k (-40.9%)
Indonesia -$369k (-37.2%)
United Arab Emirates -$364k (-82.3%)

Export Destinations of REPUBLIC OF KARELIA (Jan 2021 - Jan 2022)

Yearly Imports

Color
Depth
Top Origin (2021)Finland$90.2M
Top Import (2021)Chem wood pulp, soda or sulphate,...$46.5M

In 2021 the top import origins of Republic Of Karelia were Finland ($90.2M), Belarus ($41M), Ukraine ($39.5M), France ($38.2M), and Germany ($38M).

In 2021 the top imports of Republic Of Karelia were Chem wood pulp, soda or sulphate,... ($46.5M), Commodities not specified according to kind ($35.2M), Animal feed preparations nes ($26.6M), Machines to crush or grind stone,... ($21.1M), and Machines for making paper/board bags, sacks,... ($16.1M).

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Imports (2021)
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Origins (2021)
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Imports Dynamics

Fastest Growing Import Origins (Jan 2021 - Jan 2022)
Denmark $9.67M (4.27k%)
France $2.33M (46.7k%)
Germany $2.25M (1.23k%)
Rapidly Declining Import Origins (Jan 2021 - Jan 2022)
Ukraine -$3.15M (-93.9%)
Hungary -$566k (-96%)
Spain -$201k (-72.6%)

Import Origins of REPUBLIC OF KARELIA (Jan 2021 - Jan 2022)

Economic Complexity

Economic Complexity of Republic Of Karelia

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Economic Complexity (2021)-0.47

Republic Of Karelia ranks 49th 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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ECI comparison Russia between districts (2021)

Economic Complexity Ranking

Value

The economic complexity of a territory can change year to year. Republic Of Karelia it is in position 49th considering its ECI in the last year.

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ECI Rank by Subnat Geography

Export Opportunities by Relatedness

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 Animal Meal and Pellets (0.062), Dried Legumes (0.06), Nitrogenous Fertilizers (0.06), Gravel and Crushed Stone (0.059), and Mixed Mineral or Chemical Fertilizers (0.058).

Most Complex Products by PCI

The highest complexity exports of Republic Of Karelia according to the product complexity index (PCI) are Fishing Ships (N/A), Newsprint (0.99), Other Agricultural Machinery (0.93), Nuclear Reactors (0.78), Wood Pulp Lyes (0.55), Peat (0.48), Other Cast Iron Products (0.39), Wood Carpentry (0.21), Other Uncoated Paper (0.19), and Particle Board (0.17). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Fishing Ships (254.34), Kraft Paper (228.99), Newsprint (157.83), Sawn Wood (94.08), and Nuclear Reactors (93.85).

Product Space

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

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. Bubble size corresponds to exports value by year 2020.

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