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Federal subject in SOUTHERN FEDERAL DISTRICT, district of Russia

2021
Economic
Complexity -0.6Rank 53 of 61
Jan 2022
Trade
Exports | Imports $643M | $462M14 of 85 | 8 of 83
Jan 2022
Country
Destination | Origin China | China $87M  | $89.7M

About

Overview This page contains the latest international trade data for KRASNODAR TERRITORY. In January 2022 KRASNODAR TERRITORY was the number 14 in total exports and the number 8 in total imports in Russia.

Exports In 2021, Russia's Krasnodar Territory exported $643M, making it the 14th largest exporter out of the 85 exporters in Russia. In 2021 the top exports of Krasnodar Territory were Cereals: wheat and meslin, other than... ($1.86B), Light petroleum distillates nes ($1.51B), Petroleum spirit for motor vehicles ($450M), Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled ($388M), and Sunflower-seed or safflower oil, crude ($312M).

Imports In 2021, Russia's Krasnodar Territory imported $462M, making it the 8th largest importer out of the 85 importers in Russia. In 2021 top imports of Krasnodar Territory were Palm oil or fractions simply refined ($736M), Fruit, edible: bananas, other than plantains,... ($276M), Fruit, edible; mandarins (including tangerines and... ($177M), Grapes (Fresh) ($126M), and Unroasted Coffee (Non-Decaffeinated) ($108M).

Economic Complexity In 2021, the highest complexity exports of Krasnodar Territory according to the product complexity index (PCI) are Steel Wire (1.07), Steel Bars (0.39), Rapeseed Oil (0.29), Chlorides (0.24), Large Iron Containers (0.083), Starch Residue (-0.041), Barley (-0.089), Wheat (-0.13), Oats (-0.13), and Coffee and Tea Extracts (-0.37). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2022

About

Overview In January 2022 KRASNODAR TERRITORY exported $643M and imported $462M, resulting in a positive trade balance of $181M. Between January 2021 and January 2022 the exports of KRASNODAR TERRITORY have increased by $214M (49.8%) from $429M to $643M, while imports increased by $50.8M (12.3%) from $412M to $462M.

Trade In January 2022, the top exports of KRASNODAR TERRITORY were Refined Petroleum ($248M), Wheat ($103M), Hot-Rolled Iron Bars ($92.6M), Seed Oils ($28.4M), and Rapeseed Oil ($24.8M). In January 2022 the top imports of KRASNODAR TERRITORY were Citrus ($60.4M), Palm Oil ($36.1M), Bananas ($25.9M), Coffee ($19.5M), and Recreational Boats ($12.4M).

Destinations In January 2022, KRASNODAR TERRITORY exported mostly to China ($87M), Israel ($57.3M), Turkey ($45.7M), Egypt ($45.5M), and Senegal ($38.4M), and imported mostly from China ($89.7M), Turkey ($60.9M), Indonesia ($54.2M), Ecuador ($25.3M), and Italy ($20.5M).

Growth In January 2022, the increase in KRASNODAR TERRITORY's year-by-year exports was explained primarily by an increase in exports to Israel ($26M or 186%), Unknown ($22.6M or 374%), and Dominican Republic ($18.2M or 872k%), and product exports increase in Hot-Rolled Iron Bars ($29.9M or 235%), Semi-Finished Iron ($14.9M or 78%), and Scrap Iron ($9.16M or 440%). In January 2022, the increase in KRASNODAR TERRITORY's year-by-year imports was explained primarily by an increase in imports from Indonesia ($43.9M or 167%), Turkey ($13.4M or 23.3%), and Germany ($7.15M or 58.2%), and product imports increase in Palm Oil ($35.6M or 165%), Citrus ($11M or 21%), and Other Heating Machinery ($10.8M or 1.5k%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (January 2021 - January 2022)$214M(49.8%)
IMPORT GROWTH (January 2021 - January 2022)$50.8M(12.3%)

This section shows exports and imports data at subnational level for KRASNODAR TERRITORY. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of KRASNODAR TERRITORY over time.

For full datasets download visit Bulk Download page.

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KRASNODAR TERRITORY's Monthly Exports
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KRASNODAR TERRITORY's Products Exports (Jan 2022)
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KRASNODAR TERRITORY's Exports Destinations (Jan 2022)
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Historical Data

Yearly Exports

Color
Depth
Top Destination (2021)Turkey$847M
Top Product (2021)Cereals: wheat and meslin, other than...$1.86B

In 2021 the top export destinations of Krasnodar Territory were Turkey ($847M), Switzerland ($669M), China ($612M), Egypt ($469M), and Israel ($339M).

In 2021 the top exports of Krasnodar Territory were Cereals: wheat and meslin, other than... ($1.86B), Light petroleum distillates nes ($1.51B), Petroleum spirit for motor vehicles ($450M), Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled ($388M), and Sunflower-seed or safflower oil, crude ($312M).

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Exports (2021)
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Destinations (2021)
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Exports Dynamics

Fastest Growing Exports Destination (Jan 2021 - Jan 2022)
China $71.3M (455%)
Senegal $38.3M (26.6k%)
United Arab Emirates $27.2M (2.82k%)
Rapidly Declining Export Origins (Jan 2021 - Jan 2022)
Unknown -$28.3M (-99.1%)
Turkey -$22.7M (-33.2%)
Sudan -$19M (-100%)

Export Destinations of KRASNODAR TERRITORY (Jan 2021 - Jan 2022)

Yearly Imports

Color
Depth
Top Origin (2021)China$924M
Top Import (2021)Palm oil or fractions simply refined$736M

In 2021 the top import origins of Krasnodar Territory were China ($924M), Indonesia ($877M), Turkey ($800M), Ecuador ($270M), and Germany ($243M).

In 2021 the top imports of Krasnodar Territory were Palm oil or fractions simply refined ($736M), Fruit, edible: bananas, other than plantains,... ($276M), Fruit, edible; mandarins (including tangerines and... ($177M), Grapes (Fresh) ($126M), and Unroasted Coffee (Non-Decaffeinated) ($108M).

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Imports (2021)
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Origins (2021)
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Imports Dynamics

Fastest Growing Import Origins (Jan 2021 - Jan 2022)
China $25.2M (39%)
Italy $13.8M (204%)
Kazakhstan $7.21M (121%)
Rapidly Declining Import Origins (Jan 2021 - Jan 2022)
Indonesia -$16.1M (-22.9%)
Turkey -$9.63M (-13.6%)
United Kingdom -$4.91M (-68.7%)

Import Origins of KRASNODAR TERRITORY (Jan 2021 - Jan 2022)

Economic Complexity

Economic Complexity of Krasnodar Territory

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Economic Complexity (2021)-0.6

Krasnodar Territory ranks 53rd 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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ECI comparison Russia between districts (2021)

Economic Complexity Ranking

Value

The economic complexity of a territory can change year to year. Krasnodar Territory it is in position 53rd considering its ECI in the last year.

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ECI Rank by Subnat Geography

Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Krasnodar Territory already has a comparative advantage, are led by Sorghum (0.12), Soybeans (0.12), Shaped Wood (0.12), Nitrogenous Fertilizers (0.12), and Petroleum Gas (0.11).

Most Complex Products by PCI

The highest complexity exports of Krasnodar Territory according to the product complexity index (PCI) are Steel Wire (1.07), Steel Bars (0.39), Rapeseed Oil (0.29), Chlorides (0.24), Large Iron Containers (0.083), Starch Residue (-0.041), Barley (-0.089), Wheat (-0.13), Oats (-0.13), and Coffee and Tea Extracts (-0.37). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Asphalt Mixtures (261.67), Hot-Rolled Iron Bars (104.62), Wheat (80.29), Tug Boats (70.43), and Seed Oils (64.00).

Product Space

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 Krasnodar Territory 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

This network shows the products most related to the production structure of  Krasnodar Territory. These are products that tend to be co-exported with the products that Krasnodar Territory 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. Bubble size corresponds to exports value by year 2020.

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