Southern Federal District

District in Russia

2019
Economic
Complexity
: -0.27, Rank 3 of 8

Nov 2020
Trade
Exports | Imports
: $1.48B | $689M, 7 of 8 | 7 of 8

Nov 2020
Country
Destination | Origin
: Turkey | Turkey , $283M  | $114M

Nov 2020
Product
Exports | Imports
: Wheat | Citrus , $634M  | $64.6M

Overview: This page contains the latest international trade data for SOUTHERN FEDERAL DISTRICT, including export and import data.

Exports: In 2020, Russia's Southern Federal District exported $13.5B, making it the 7th largest exporter out of the 8 exporters in Russia. In 2020 the top exports of Southern Federal District were Cereals: wheat and meslin, other than... ($3.8B), Light petroleum distillates nes ($1.35B), Sunflower-seed or safflower oil, crude ($829M), Coal tar distillation products nes ($743M), and Petroleum spirit for motor vehicles ($572M).

Imports: In 2020, Russia's Southern Federal District imported $6.67B, making it the 6th largest importer out of the 8 importers in Russia. In 2020 top imports of Southern Federal District were Palm oil or fractions simply refined ($377M), Fruit, edible: bananas, other than plantains,... ($202M), Floating, submersible drilling or production platform ($195M), Sunflower seeds ($137M), and Grapes, fresh ($96.4M).

Economic Complexity: In 2019, the highest complexity exports of Southern Federal District according to the product complexity index (PCI) are Boiler Plants (0.94), Steel Ingots (0.87), Harvesting Machinery (0.87), Organo-Sulfur Compounds (0.87), and Carbon-based Electronics (0.68). 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 SOUTHERN FEDERAL DISTRICT'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): Turkey, $2.17B

Top Product (2020): Cereals: wheat and meslin, other than..., $3.8B

In 2020 the top export destinations of Southern Federal District were Turkey ($2.17B), Ukraine ($1.18B), Egypt ($1.07B), China ($787M), and United Arab Emirates ($494M).

In 2020 the top exports of Southern Federal District were Cereals: wheat and meslin, other than... ($3.8B), Light petroleum distillates nes ($1.35B), Sunflower-seed or safflower oil, crude ($829M), Coal tar distillation products nes ($743M), and Petroleum spirit for motor vehicles ($572M).

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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): China, $1.17B

Top Import (2020): Palm oil or fractions simply refined, $377M

In 2020 the top import origins of Southern Federal District were China ($1.17B), Turkey ($668M), Ukraine ($511M), Indonesia ($440M), and Belarus ($358M).

In 2020 the top imports of Southern Federal District were Palm oil or fractions simply refined ($377M), Fruit, edible: bananas, other than plantains,... ($202M), Floating, submersible drilling or production platform ($195M), Sunflower seeds ($137M), and Grapes, fresh ($96.4M).

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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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Southern Federal District ranks 3rd out of the 8 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. Southern Federal District it is in position 3rd 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 Southern Federal District already has a comparative advantage, are led by Crude Petroleum (0.17), Nitrogenous Fertilizers (0.16), Raw Aluminium (0.16), Sulphur (0.16), and Ammonia (0.15).

Most Complex Products by PCI

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The highest complexity exports of Southern Federal District according to the product complexity index (PCI) are Boiler Plants (0.94), Steel Ingots (0.87), Harvesting Machinery (0.87), Organo-Sulfur Compounds (0.87), and Carbon-based Electronics (0.68). 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 (100), Wheat (92.9), Linseed (81.6), Coal Tar Oil (79.6), and Barley (61.6).

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 Southern Federal District 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  Southern Federal District. These are products that tend to be co-exported with the products that Southern Federal District 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.