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.

Historical Data

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Yearly Exports

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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).

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Exports Dynamics

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Fastest Growing Exports Destination (Aug 2020 - Aug 2021)

Rapidly Declining Export Origins (Aug 2020 - Aug 2021)

Yearly Imports

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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).

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Imports Dynamics

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Fastest Growing Import Origins (Aug 2020 - Aug 2021)

Rapidly Declining Import Origins (Aug 2020 - Aug 2021)

Economic Complexity

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Economic Complexity of Russia

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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.

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Economic Complexity Ranking

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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.

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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), Nitrogenous Fertilizers (0.14), Molasses (0.14), Yeast (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 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.

Most Specialized Products by RCA Index

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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.

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.