ROSTOV REGIONFederal subject in SOUTHERN FEDERAL DISTRICT, district of Russia
2020 Economic Complexity : -0.31, Rank 35 of 58
Aug 2021 Trade Exports | Imports: $1.03B | $258M, 5 of 85 | 14 of 83
Aug 2021 Country Destination | Origin: Turkey | China , $321M | $65.5M
Aug 2021 Product Exports | Imports: Cereals: wheat and meslin, other than durum wheat,... | Anthracite, not agglomerated , $616M | $8.61M
Overview This page contains the latest international trade data for ROSTOV REGION. In August 2021 ROSTOV REGION was the number 7 in total exports and the number 12 in total imports.
Exports In 2020, Russia's Rostov Region exported $7.94B, 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... ($2.88B), Sunflower-seed or safflower oil, crude ($737M), Cereals: barley, other than seed ($410M), Light petroleum distillates nes ($389M), and Coal tar distillation products nes ($329M).
Imports In 2020, Russia's Rostov Region imported $2.32B, making it the 12th largest importer out of the 85 importers in Russia. In 2020 top imports of Rostov Region were Sunflower seeds ($93.7M), Anthracite, not agglomerated ($68.1M), Petroleum coke, calcined ($58.8M), Parts of agricultural machinery ($42.8M), and Maize (corn) seed ($41.6M).
Economic Complexity In 2020, the highest complexity exports of Rostov Region according to the product complexity index (PCI) are Central Heating Boilers (0.9), Harvesting Machinery (0.87), Nuclear Reactors (0.85), Locomotive Parts (0.82), and Wallpaper (0.74). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
August, 2021
Overview In August 2021 ROSTOV REGION exported $1.03B and imported $258M, resulting in a positive trade balance of $771M. Between August 2020 and August 2021 the exports of ROSTOV REGION have increased by $305M (42.2%) from $724M to $1.03B, while imports increased by $59.3M (29.8%) from $199M to $258M.
Trade In August 2021, the top exports of ROSTOV REGION were Wheat ($620M), Seed Oils ($61.3M), Barley ($51.9M), Coal Briquettes ($33M), and Harvesting Machinery ($17.1M). In August 2021 the top imports of ROSTOV REGION were Coal Briquettes ($8.61M), Coated Flat-Rolled Iron ($8.06M), Hot-Rolled Iron ($6.98M), Electrical Transformers ($5.5M), and Rolled Tobacco ($5.44M).
Destinations In August 2021, ROSTOV REGION exported mostly to Turkey ($321M), Ukraine ($126M), Egypt ($107M), Unknown ($92.9M), and Saudi Arabia ($41.2M), and imported mostly from China ($65.5M), Ukraine ($41M), Germany ($21.3M), Belarus ($18.4M), and Vietnam ($12.8M).
Growth In August 2021, the increase in ROSTOV REGION's year-by-year exports was explained primarily by an increase in exports to Turkey ($215M or 202%), Unknown ($81.2M or 695%), and Ukraine ($44.2M or 53.8%), and product exports increase in Wheat ($150M or 32.1%), Seed Oils ($33.9M or 124%), and Coal Briquettes ($26.4M or 395%). In August 2021, the increase in ROSTOV REGION's year-by-year imports was explained primarily by an increase in imports from China ($18M or 37.8%), Germany ($9.7M or 83.3%), and Ukraine ($8.02M or 24.3%), and product imports increase in Coated Flat-Rolled Iron ($6.54M or 430%), Coal Briquettes ($3.55M or 70.2%), and Ethylene Polymers ($3.25M or 365%).
EXPORT GROWTH (August 2020 - August 2021): $305M, (42.2%)
IMPORT GROWTH (August 2020 - August 2021): $59.3M, (29.8%)
This section shows exports and imports data at subnational level for ROSTOV REGION. 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 ROSTOV REGION over time.
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Top Destination (2020): Turkey, $1.68B
Top Product (2020): Cereals: wheat and meslin, other than..., $2.88B
In 2020 the top export destinations of Rostov Region were Turkey ($1.68B), Ukraine ($1.01B), Egypt ($797M), United Arab Emirates ($659M), and Pakistan ($265M).
In 2020 the top exports of Rostov Region were Cereals: wheat and meslin, other than... ($2.88B), Sunflower-seed or safflower oil, crude ($737M), Cereals: barley, other than seed ($410M), Light petroleum distillates nes ($389M), and Coal tar distillation products nes ($329M).
Top Origin (2020): China, $527M
Top Import (2020): Sunflower seeds, $93.7M
In 2020 the top import origins of Rostov Region were China ($527M), Ukraine ($400M), Germany ($147M), Belarus ($140M), and Turkey ($137M).
In 2020 the top imports of Rostov Region were Sunflower seeds ($93.7M), Anthracite, not agglomerated ($68.1M), Petroleum coke, calcined ($58.8M), Parts of agricultural machinery ($42.8M), and Maize (corn) seed ($41.6M).
Economic Complexity (2020): -0.31
Rostov Region ranks 35th 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.
The economic complexity of a territory can change year to year. Rostov Region it is in position 35th considering its ECI in the last year.
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), Nitrogenous Fertilizers (0.14), Molasses (0.14), Yeast (0.13), and Rough Wood (0.13).
The highest complexity exports of Rostov Region according to the product complexity index (PCI) are Central Heating Boilers (0.9), Harvesting Machinery (0.87), Nuclear Reactors (0.85), Locomotive Parts (0.82), and Wallpaper (0.74). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Seed Oils (176.6), Wheat (146.2), Barley (131.2), Asphalt Mixtures (128.6), and Linseed (127.4).
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.
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.