Rostov Region

Federal subject in SOUTHERN FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: -0.25, Rank 37 of 64

Nov 2020
Trade
Exports | Imports
: $843M | $201M, 6 of 85 | 16 of 84

Nov 2020
Country
Destination | Origin
: Turkey | China , $186M  | $44.2M

Nov 2020
Product
Exports | Imports
: Wheat | Coal Briquettes , $448M  | $8.85M

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

Exports: In 2020, Russia's Rostov Region exported $6.84B, making it the 7th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Rostov Region were Cereals: wheat and meslin, other than... ($2.51B), Sunflower-seed or safflower oil, crude ($665M), Cereals: barley, other than seed ($372M), Coal tar distillation products nes ($329M), and Light petroleum distillates nes ($279M).

Imports: In 2020, Russia's Rostov Region imported $2.07B, making it the 12th largest importer out of the 85 importers in Russia. In 2020 top imports of Rostov Region were Sunflower seeds ($81.1M), Anthracite, not agglomerated ($59.2M), Petroleum coke, calcined ($56.3M), Parts of agricultural machinery ($37M), and Cargo vessels other than tanker or... ($35.7M).

Economic Complexity: In 2019, the highest complexity exports of Rostov Region according to the product complexity index (PCI) are Artificial Graphite (1.08), Other Stone Articles (1.08), Boiler Plants (0.94), Central Heating Boilers (0.9), and Harvesting Machinery (0.87). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value
Reference Period

This section shows the differences between ROSTOV REGION's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Russia's country profile.

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Yearly Exports

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Depth

Top Destination (2020): Turkey, $1.47B

Top Product (2020): Cereals: wheat and meslin, other than..., $2.51B

In 2020 the top export destinations of Rostov Region were Turkey ($1.47B), Ukraine ($890M), Egypt ($619M), United Arab Emirates ($453M), and China ($230M).

In 2020 the top exports of Rostov Region were Cereals: wheat and meslin, other than... ($2.51B), Sunflower-seed or safflower oil, crude ($665M), Cereals: barley, other than seed ($372M), Coal tar distillation products nes ($329M), and Light petroleum distillates nes ($279M).

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Exports Dynamics

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Fastest Growing Exports Destination (Nov 2019 - Nov 2020)

Rapidly Declining Export Origins (Nov 2019 - Nov 2020)

Yearly Imports

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Value
Depth

Top Origin (2020): China, $482M

Top Import (2020): Sunflower seeds, $81.1M

In 2020 the top import origins of Rostov Region were China ($482M), Ukraine ($352M), Germany ($127M), Belarus ($126M), and Turkey ($122M).

In 2020 the top imports of Rostov Region were Sunflower seeds ($81.1M), Anthracite, not agglomerated ($59.2M), Petroleum coke, calcined ($56.3M), Parts of agricultural machinery ($37M), and Cargo vessels other than tanker or... ($35.7M).

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Imports Dynamics

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Fastest Growing Import Origins (Nov 2019 - Nov 2020)

Rapidly Declining Import Origins (Nov 2019 - Nov 2020)

Economic Complexity

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Economic Complexity of Russia

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Rostov Region ranks 37th out of the 85 districts in Russia according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Rostov Region it is in position 37th 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 Rostov Region already has a comparative advantage, are led by Wheat Flours (0.14), Rapeseed (0.13), Nitrogenous Fertilizers (0.13), Railway Freight Cars (0.13), and Rough Wood (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 (1.08), Other Stone Articles (1.08), Boiler Plants (0.94), Central Heating Boilers (0.9), and Harvesting Machinery (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 (170), Linseed (137), Wheat (114), Bran (109), and Barley (103).

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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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.