Rostov Region

Federal subject in SOUTHERN FEDERAL DISTRICT, district of Russia

Exports (2019): $7.76B, Rnk 7/85

Top Destination (2019): $1.28B, Turkey

Top Export (2019): $2.18B, Cereals: wheat and meslin, other than...

Imports (2019): $2.7B, Rnk 13/85

Top Origin (2019): $654M, China

Top Import (2019): $216M, Petroleum coke, calcined

Economic Complexity (2019): -0.27, Rnk 33 / 85

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

Exports: In 2019, Russia's Rostov Region exported $7.76B, making it the 7th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Rostov Region were Cereals: wheat and meslin, other than... ($2.18B), Coal tar distillation products nes ($891M), Sunflower-seed or safflower oil, crude ($712M), Light petroleum distillates nes ($606M), and Cereals: barley, other than seed ($316M).

Imports: In 2019, Russia's Rostov Region imported $2.7B, making it the 13th largest importer out of the 85 importers in Russia. In 2019 top imports of Rostov Region were Petroleum coke, calcined ($216M), Sunflower seeds ($93.8M), Anthracite, not agglomerated ($78.7M), Railway & tramway axles, wheels and... ($51.8M), and Tobacco, unmanufactured, stemmed or stripped ($49.2M).

Economic Complexity: In 2019, the highest complexity exports of Rostov Region according to the product complexity index (PCI) are Artificial Graphite (1.16), Locomotive Parts (0.99), Vehicle Chassis (0.89), Harvesting Machinery (0.88), and Other Stone Articles (0.87). 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): Turkey, $1.28B

Top Product (2019): Cereals: wheat and meslin, other than..., $2.18B

In 2019 the top export destinations of Rostov Region were Turkey ($1.28B), Switzerland ($947M), Ukraine ($938M), Egypt ($741M), and Bangladesh ($292M).

In 2019 the top exports of Rostov Region were Cereals: wheat and meslin, other than... ($2.18B), Coal tar distillation products nes ($891M), Sunflower-seed or safflower oil, crude ($712M), Light petroleum distillates nes ($606M), and Cereals: barley, other than seed ($316M).

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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): China, $654M

Top Import (2019): Petroleum coke, calcined, $216M

In 2019 the top import origins of Rostov Region were China ($654M), Ukraine ($513M), Belarus ($146M), Turkey ($143M), and Germany ($129M).

In 2019 the top imports of Rostov Region were Petroleum coke, calcined ($216M), Sunflower seeds ($93.8M), Anthracite, not agglomerated ($78.7M), Railway & tramway axles, wheels and... ($51.8M), and Tobacco, unmanufactured, stemmed or stripped ($49.2M).

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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 ROSTOV REGION throughout time.

This section shows forecasts for total exports and imports from ROSTOV REGION. 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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Rostov Region ranks 33rd 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 Rostov Region already has a comparative advantage, are led by Rapeseed (0.14), Nitrogenous Fertilizers (0.14), Rough Wood (0.14), Wheat Flours (0.14), and Railway Freight Cars (0.13).

Most Complex Products by PCI

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The highest complexity exports of Rostov Region according to the product complexity index (PCI) are Artificial Graphite (1.16), Locomotive Parts (0.99), Vehicle Chassis (0.89), Harvesting Machinery (0.88), and Other Stone Articles (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 Seed Oils (172), Linseed (126), Wheat (113), Bran (109), and Barley (102).

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 Rostov 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  Rostov Region. These are products that tend to be co-exported with the products that Rostov 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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Depth
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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.