Ryazan Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: 0.14, Rank 6 of 64

Nov 2020
Trade
Exports | Imports
: $68.5M | $63.7M, 49 of 85 | 28 of 84

Nov 2020
Country
Destination | Origin
: Algeria | United States , $18.9M  | $10.7M

Nov 2020
Product
Exports | Imports
: Other Measuring Instruments | Packaged Medicaments , $20M  | $10.5M

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

Exports: In 2020, Russia's Ryazan Region exported $425M, making it the 57th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Ryazan Region were Asphalt or similar material articles, in... ($103M), Slag wool, rock wool, similar wools,... ($26.9M), Measuring or checking equipment, nes ($24.7M), Plastic sheet, film, foil or strip,... ($19.6M), and Asphalt or similar material articles not... ($18.6M).

Imports: In 2020, Russia's Ryazan Region imported $576M, making it the 32nd largest importer out of the 85 importers in Russia. In 2020 top imports of Ryazan Region were Fungicides: other than containing goods specified... ($58.5M), Communication apparatus (excluding telephone sets or... ($35.6M), Insecticides: other than containing goods specified... ($34.7M), Medicaments nes, in dosage ($29.5M), and Herbicides, anti-sprouting products and plant-growth regulators:... ($16.6M).

Economic Complexity: In 2019, the highest complexity exports of Ryazan Region according to the product complexity index (PCI) are Other Measuring Instruments (1.86), LCDs (1.7), Glass Mirrors (1.28), Navigation Equipment (1.21), and Electrical Lighting and Signalling Equipment (1.17). 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 RYAZAN 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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Value
Depth

Top Destination (2020): Belarus, $65.2M

Top Product (2020): Asphalt or similar material articles, in..., $103M

In 2020 the top export destinations of Ryazan Region were Belarus ($65.2M), Poland ($33.7M), Ukraine ($31.8M), Kazakhstan ($31.2M), and Romania ($19.5M).

In 2020 the top exports of Ryazan Region were Asphalt or similar material articles, in... ($103M), Slag wool, rock wool, similar wools,... ($26.9M), Measuring or checking equipment, nes ($24.7M), Plastic sheet, film, foil or strip,... ($19.6M), and Asphalt or similar material articles not... ($18.6M).

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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): Germany, $124M

Top Import (2020): Fungicides: other than containing goods specified..., $58.5M

In 2020 the top import origins of Ryazan Region were Germany ($124M), China ($115M), Belarus ($45.3M), United States ($36M), and Italy ($28.8M).

In 2020 the top imports of Ryazan Region were Fungicides: other than containing goods specified... ($58.5M), Communication apparatus (excluding telephone sets or... ($35.6M), Insecticides: other than containing goods specified... ($34.7M), Medicaments nes, in dosage ($29.5M), and Herbicides, anti-sprouting products and plant-growth regulators:... ($16.6M).

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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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Ryazan Region ranks 6th 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. Ryazan Region it is in position 6th 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 Ryazan Region already has a comparative advantage, are led by Sawn Wood (0.086), Processed Cereals (0.082), Organic Composite Solvents (0.081), Wood Crates (0.081), and Milk (0.08).

Most Complex Products by PCI

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The highest complexity exports of Ryazan Region according to the product complexity index (PCI) are Other Measuring Instruments (1.86), LCDs (1.7), Glass Mirrors (1.28), Navigation Equipment (1.21), and Electrical Lighting and Signalling Equipment (1.17). 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 Asphalt (853), Leather of Other Animals (285), Navigation Equipment (244), Rock Wool (83.5), and Float Glass (58.3).

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