Republic Of Karelia

Federal subject in NORTH WEST FEDERAL DISTRICT, district of Russia

Exports (2019): $918M, Rnk 47/85

Top Destination (2019): $236M, Finland

Top Export (2019): $292M, Iron ore, concentrate, not iron pyrites,...

Imports (2019): $177M, Rnk 60/85

Top Origin (2019): $51.2M, Finland

Top Import (2019): $18.2M, Animal feed preparations nes

Economic Complexity (2019): -0.55, Rnk 52 / 85

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

Exports: In 2019, Russia's Republic Of Karelia exported $918M, making it the 47th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Republic Of Karelia were Iron ore, concentrate, not iron pyrites,... ($292M), Paper, sack kraft, unbleached, uncoated ($224M), Wood; coniferous species, of fir (Abies... ($87.3M), Chem wood pulp, soda or sulphate,... ($54.6M), and Wood; coniferous species, of pine (Pinus... ($51.8M).

Imports: In 2019, Russia's Republic Of Karelia imported $177M, making it the 60th largest importer out of the 85 importers in Russia. In 2019 top imports of Republic Of Karelia were Animal feed preparations nes ($18.2M), Chem wood pulp, soda or sulphate,... ($13.3M), Rubber; new pneumatic tyres, of a... ($11.7M), Fishing vessels and factory ships ($10.9M), and Paper, sack kraft, other than unbleached,... ($10.1M).

Economic Complexity: In 2019, the highest complexity exports of Republic Of Karelia according to the product complexity index (PCI) are Shaped Paper (0.58), Other Cast Iron Products (0.43), Particle Board (0.14), Prefabricated Buildings (0.12), and Uncoated Kraft Paper (0.054). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): Finland, $236M

Top Product (2019): Iron ore, concentrate, not iron pyrites,..., $292M

In 2019 the top export destinations of Republic Of Karelia were Finland ($236M), Turkey ($74.5M), China ($61.6M), Netherlands ($55.7M), and United Kingdom ($47M).

In 2019 the top exports of Republic Of Karelia were Iron ore, concentrate, not iron pyrites,... ($292M), Paper, sack kraft, unbleached, uncoated ($224M), Wood; coniferous species, of fir (Abies... ($87.3M), Chem wood pulp, soda or sulphate,... ($54.6M), and Wood; coniferous species, of pine (Pinus... ($51.8M).

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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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Top Origin (2019): Finland, $51.2M

Top Import (2019): Animal feed preparations nes, $18.2M

In 2019 the top import origins of Republic Of Karelia were Finland ($51.2M), Estonia ($16.6M), Germany ($14.5M), Norway ($12M), and Ukraine ($10.3M).

In 2019 the top imports of Republic Of Karelia were Animal feed preparations nes ($18.2M), Chem wood pulp, soda or sulphate,... ($13.3M), Rubber; new pneumatic tyres, of a... ($11.7M), Fishing vessels and factory ships ($10.9M), and Paper, sack kraft, other than unbleached,... ($10.1M).

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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 REPUBLIC OF KARELIA throughout time.

This section shows forecasts for total exports and imports from REPUBLIC OF KARELIA. 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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Republic Of Karelia ranks 52nd 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 Republic Of Karelia already has a comparative advantage, are led by Plywood (0.051), Wood Carpentry (0.05), Raw Iron Bars (0.049), Wheat Flours (0.049), and Wood Charcoal (0.049).

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 (0.58), Other Cast Iron Products (0.43), Particle Board (0.14), Prefabricated Buildings (0.12), and Uncoated Kraft Paper (0.054). 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 (303), Prepared Explosives (102), Fuel Wood (89), Sawn Wood (73.1), and Iron Ore (61.9).

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.