Ryazan Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

Exports (2019): $1.28B, Rnk 37/85

Top Destination (2019): $563M, China

Top Export (2019): $388M, Radar apparatus

Imports (2019): $625M, Rnk 36/85

Top Origin (2019): $136M, China

Top Import (2019): $37.2M, Communication apparatus (excluding telephone sets or...

Economic Complexity (2019): 0.091, Rnk 10 / 85

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

Exports: In 2019, Russia's Ryazan Region exported $1.28B, making it the 37th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Ryazan Region were Radar apparatus ($388M), Commodities not specified according to kind ($214M), Asphalt or similar material articles, in... ($110M), Trailers, semi-trailers nes ($97.4M), and Measuring or checking equipment, nes ($30.4M).

Imports: In 2019, Russia's Ryazan Region imported $625M, making it the 36th largest importer out of the 85 importers in Russia. In 2019 top imports of Ryazan Region were Communication apparatus (excluding telephone sets or... ($37.2M), Insecticides: other than containing goods specified... ($26.4M), Fungicides: other than containing goods specified... ($24.5M), Herbicides, anti-sprouting products and plant-growth regulators:... ($21.9M), and Cattle: live, pure-bred breeding animals ($17M).

Economic Complexity: In 2019, the highest complexity exports of Ryazan Region according to the product complexity index (PCI) are Other Measuring Instruments (1.44), Electrical Lighting and Signalling Equipment (1.13), Railway Maintenance Vehicles (1.09), Broadcasting Accessories (0.98), and Navigation Equipment (0.97). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): China, $563M

Top Product (2019): Radar apparatus, $388M

In 2019 the top export destinations of Ryazan Region were China ($563M), Algeria ($253M), Belarus ($76.9M), Kazakhstan ($39.4M), and Ukraine ($36.1M).

In 2019 the top exports of Ryazan Region were Radar apparatus ($388M), Commodities not specified according to kind ($214M), Asphalt or similar material articles, in... ($110M), Trailers, semi-trailers nes ($97.4M), and Measuring or checking equipment, nes ($30.4M).

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Export Dynamics

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Fastest Growing Exports Destination (September 2019 - September 2020)

Rapidly Declining Export Origins (September 2019 - September 2020)

Yearly Imports

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Year

Top Origin (2019): China, $136M

Top Import (2019): Communication apparatus (excluding telephone sets or..., $37.2M

In 2019 the top import origins of Ryazan Region were China ($136M), Germany ($111M), Belarus ($46.9M), Italy ($28.2M), and Chile ($26.5M).

In 2019 the top imports of Ryazan Region were Communication apparatus (excluding telephone sets or... ($37.2M), Insecticides: other than containing goods specified... ($26.4M), Fungicides: other than containing goods specified... ($24.5M), Herbicides, anti-sprouting products and plant-growth regulators:... ($21.9M), and Cattle: live, pure-bred breeding animals ($17M).

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Import Dynamics

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Fastest Growing Import Origins (August 2019 - August 2020)

Rapidly Declining Import Origins (August 2019 - August 2020)

Comparison in Time

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This section shows differences between total trade from RYAZAN REGION throughout time.

This section shows forecasts for total exports and imports from RYAZAN REGION. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

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Economic Complexity

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Economic Complexity of Russia

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Ryazan Region ranks 10th out of the 85 federal subjects in Russia according to ECI.

Estimated using exports data.

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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 (0.089), Insulating Glass (0.084), Wood Crates (0.084), Wheat (0.084), and Particle Board (0.083).

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 (1.44), Electrical Lighting and Signalling Equipment (1.13), Railway Maintenance Vehicles (1.09), Broadcasting Accessories (0.98), and Navigation Equipment (0.97). 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 (821), Leather of Other Animals (259), Navigation Equipment (242), Rock Wool (82.9), and Float Glass (55.5).

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.