Urals Federal District

District in Russia

2019
Economic
Complexity
: -0.15, Rank 2 of 8

Nov 2020
Trade
Exports | Imports
: $2.28B | $1.2B, 5 of 8 | 4 of 8

Nov 2020
Country
Destination | Origin
: China | South Korea , $450M  | $362M

Nov 2020
Product
Exports | Imports
: Crude Petroleum | Passenger and Cargo Ships , $670M  | $340M

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

Exports: In 2020, Russia's Urals Federal District exported $22.9B, making it the 5th largest exporter out of the 8 exporters in Russia. In 2020 the top exports of Urals Federal District were Petroleum oils, oils from bituminous minerals,... ($8.46B), Natural gas, liquefied ($2.41B), Light petroleum distillates nes ($2.05B), Commodities not specified according to kind ($1.64B), and Copper cathodes and sections of cathodes... ($1.23B).

Imports: In 2020, Russia's Urals Federal District imported $7.8B, making it the 4th largest importer out of the 8 importers in Russia. In 2020 top imports of Urals Federal District were Commodities not specified according to kind ($756M), Iron ore, concentrate, not iron pyrites,unagglomerate ($392M), Copper/copper alloy waste or scrap ($360M), Tankers ($340M), and Copper ores and concentrates ($327M).

Economic Complexity: In 2019, the highest complexity exports of Urals Federal District according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.47), Metal-Rolling Mills (1.37), Flat-Rolled Iron (1.25), Other Stone Articles (1.08), and Steel Ingots (0.87). 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 URALS 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): China, $4.6B

Top Product (2020): Petroleum oils, oils from bituminous minerals,..., $8.46B

In 2020 the top export destinations of Urals Federal District were China ($4.6B), Netherlands ($3.76B), Germany ($1.83B), Kazakhstan ($1.15B), and France ($867M).

In 2020 the top exports of Urals Federal District were Petroleum oils, oils from bituminous minerals,... ($8.46B), Natural gas, liquefied ($2.41B), Light petroleum distillates nes ($2.05B), Commodities not specified according to kind ($1.64B), and Copper cathodes and sections of cathodes... ($1.23B).

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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, $1.64B

Top Import (2020): Commodities not specified according to kind, $756M

In 2020 the top import origins of Urals Federal District were China ($1.64B), Kazakhstan ($1.38B), Germany ($1.05B), South Korea ($465M), and Italy ($408M).

In 2020 the top imports of Urals Federal District were Commodities not specified according to kind ($756M), Iron ore, concentrate, not iron pyrites,unagglomerate ($392M), Copper/copper alloy waste or scrap ($360M), Tankers ($340M), and Copper ores and concentrates ($327M).

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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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Urals Federal District ranks 2nd 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. Urals Federal District it is in position 2nd 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 Urals Federal District already has a comparative advantage, are led by Iron Ore (0.13), Sulphur (0.12), Ammonia (0.12), Raw Aluminium (0.11), and Sunflower Seeds (0.1).

Most Complex Products by PCI

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The highest complexity exports of Urals Federal District according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.47), Metal-Rolling Mills (1.37), Flat-Rolled Iron (1.25), Other Stone Articles (1.08), and Steel Ingots (0.87). 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 Titanium (48.5), Other Large Iron Pipes (29.5), Other Metals (18.4), Copper Wire (17.6), and Aluminium Powder (12.6).

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