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Federal subject in SOUTHERN FEDERAL DISTRICT, district of Russia

2021
Economic
Complexity -0.36Rank 44 of 61
Jan 2022
Trade
Exports | Imports $529M | $252M19 of 85 | 15 of 83
Jan 2022
Country
Destination | Origin Turkey | China $109M  | $57.7M

About

Overview This page contains the latest international trade data for ROSTOV REGION. In January 2022 ROSTOV REGION was the number 7 in total exports and the number 14 in total imports in Russia.

Exports In 2021, Russia's Rostov Region exported $529M, making it the 7th largest exporter out of the 85 exporters in Russia. In 2021 the top exports of Rostov Region were Cereals: wheat and meslin, other than... ($3.77B), Light petroleum distillates nes ($828M), Sunflower-seed or safflower oil, crude ($751M), Bituminous mix, mastic from asphalt, bitumen/tar/pitc ($665M), and Cereals: barley, other than seed ($530M).

Imports In 2021, Russia's Rostov Region imported $252M, making it the 14th largest importer out of the 85 importers in Russia. In 2021 top imports of Rostov Region were Sunflower seeds ($84.6M), Anthracite, not agglomerated ($79.2M), Parts of agricultural machinery ($59.2M), Lead-acid electric accumulators (vehicle) ($52.9M), and Cigarettes containing tobacco ($41.6M).

Economic Complexity In 2021, the highest complexity exports of Rostov Region according to the product complexity index (PCI) are Harvesting Machinery (0.87), Locomotive Parts (0.82), Nuclear Reactors (0.78), Carbon-based Electronics (0.68), Iron Radiators (0.63), Central Heating Boilers (0.58), Motor vehicle (8701 to 8705) chassis... (0.39), Wallpaper (0.31), Bird Feathers and Skins (0.18), and Sausages (0.16). 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 ROSTOV REGION exported $529M and imported $252M, resulting in a positive trade balance of $277M. Between January 2021 and January 2022 the exports of ROSTOV REGION have decreased by $-2.52M (-0.47%) from $532M to $529M, while imports increased by $64.7M (34.6%) from $187M to $252M.

Trade In January 2022, the top exports of ROSTOV REGION were Wheat ($176M), Seed Oils ($43.5M), Dried Legumes ($32.5M), Coal Briquettes ($28.6M), and Other Vegetable Residues ($27.9M). In January 2022 the top imports of ROSTOV REGION were Sunflower Seeds ($14.5M), Corn ($10.1M), Gas Turbines ($9.71M), Hot-Rolled Iron ($7.9M), and Harvesting Machinery ($7.29M).

Destinations In January 2022, ROSTOV REGION exported mostly to Turkey ($109M), Ukraine ($87.1M), Unknown ($77M), Egypt ($56.2M), and Italy ($18.4M), and imported mostly from China ($57.7M), Ukraine ($46.2M), Turkey ($18.7M), Belarus ($13.8M), and Germany ($11.1M).

Growth In January 2022, the decrease in ROSTOV REGION's year-by-year exports was explained primarily by an decrease in exports to India ($-21.3M or -97.5%), Unknown ($-13.5M or -87.3%), and Italy ($-8.34M or -40.9%), and product exports decrease in Sunflower Seeds ($-28.7M or -99.5%), Seed Oils ($-12.4M or -16.6%), and Refined Petroleum ($-8.9M or -43.6%). In January 2022, the increase in ROSTOV REGION's year-by-year imports was explained primarily by an increase in imports from Ukraine ($6.17M or 21.3%), Vietnam ($4.59M or 84.1%), and China ($3.23M or 7.96%), and product imports increase in Hot-Rolled Iron ($7.68M or 461%), Electric Batteries ($2.77M or 381%), and Passenger and Cargo Ships ($2.12M or 427%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (January 2021 - January 2022)$-2.52M(-0.47%)
IMPORT GROWTH (January 2021 - January 2022)$64.7M(34.6%)

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.

For full datasets download visit Bulk Download page.

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ROSTOV REGION's Monthly Exports
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ROSTOV REGION's Products Exports (Jan 2022)
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ROSTOV REGION's Exports Destinations (Jan 2022)
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Historical Data

Yearly Exports

Color
Depth
Top Destination (2021)Turkey$2.55B
Top Product (2021)Cereals: wheat and meslin, other than...$3.77B

In 2021 the top export destinations of Rostov Region were Turkey ($2.55B), Ukraine ($1.48B), United Arab Emirates ($1.32B), Egypt ($1.05B), and Unknown ($966M).

In 2021 the top exports of Rostov Region were Cereals: wheat and meslin, other than... ($3.77B), Light petroleum distillates nes ($828M), Sunflower-seed or safflower oil, crude ($751M), Bituminous mix, mastic from asphalt, bitumen/tar/pitc ($665M), and Cereals: barley, other than seed ($530M).

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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)
Unknown $75.1M (3.83k%)
Bangladesh $14.3M (3.72k%)
Ukraine $13.1M (17.7%)
Rapidly Declining Export Origins (Jan 2021 - Jan 2022)
Turkey -$66.4M (-37.9%)
Pakistan -$13.8M (-79.7%)
Morocco -$7.6M (-99.8%)

Export Destinations of ROSTOV REGION (Jan 2021 - Jan 2022)

Yearly Imports

Color
Depth
Top Origin (2021)China$673M
Top Import (2021)Sunflower seeds$84.6M

In 2021 the top import origins of Rostov Region were China ($673M), Ukraine ($477M), Germany ($220M), Turkey ($184M), and Belarus ($181M).

In 2021 the top imports of Rostov Region were Sunflower seeds ($84.6M), Anthracite, not agglomerated ($79.2M), Parts of agricultural machinery ($59.2M), Lead-acid electric accumulators (vehicle) ($52.9M), and Cigarettes containing tobacco ($41.6M).

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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)
China $13.9M (31.8%)
Ukraine $11.2M (31.8%)
Turkey $10.3M (122%)
Rapidly Declining Import Origins (Jan 2021 - Jan 2022)
Spain -$3.58M (-50.7%)
Vietnam -$3.21M (-31.9%)
France -$1.22M (-46.6%)

Import Origins of ROSTOV REGION (Jan 2021 - Jan 2022)

Economic Complexity

Economic Complexity of Rostov Region

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Economic Complexity (2021)-0.36

Rostov Region ranks 44th 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. Rostov Region it is in position 44th 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 Rostov Region already has a comparative advantage, are led by Nitrogenous Fertilizers (0.15), Molasses (0.15), Cement (0.15), Raw Lead (0.15), and Pasta (0.15).

Most Complex Products by PCI

The highest complexity exports of Rostov Region according to the product complexity index (PCI) are Harvesting Machinery (0.87), Locomotive Parts (0.82), Nuclear Reactors (0.78), Carbon-based Electronics (0.68), Iron Radiators (0.63), Central Heating Boilers (0.58), Motor vehicle (8701 to 8705) chassis... (0.39), Wallpaper (0.31), Bird Feathers and Skins (0.18), and Sausages (0.16). 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 Asphalt Mixtures (482.69), Linseed (125.57), Wheat (108.76), Barley (97.24), and Bran (92.59).

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 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

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. Bubble size corresponds to exports value by year 2020.

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