KOMI REPUBLICFederal subject in NORTH WEST FEDERAL DISTRICT, district of Russia
2021 Economic Complexity : -0.35, Rank 43 of 61
Jan 2022 Trade Exports | Imports: $108M | $7.9M, 42 of 85 | 66 of 83
Jan 2022 Country Destination | Origin: Netherlands | China , $27M | $1.7M
Overview This page contains the latest international trade data for KOMI REPUBLIC. In January 2022 KOMI REPUBLIC was the number 46 in total exports and the number 69 in total imports in Russia.
Exports In 2021, Russia's Komi Republic exported $108M, making it the 46th largest exporter out of the 85 exporters in Russia. In 2021 the top exports of Komi Republic were Light petroleum distillates nes ($314M), Plywood; with sheets of wood only;... ($224M), Petroleum oils, oils from bituminous minerals,... ($129M), Bleached Kraft Paper ($121M), and Wood; coniferous species, of fir (Abies... ($95.7M).
Imports In 2021, Russia's Komi Republic imported $7.9M, making it the 69th largest importer out of the 85 importers in Russia. In 2021 top imports of Komi Republic were Non-cellular vinyl chloride polymers sheets (<... ($14.8M), Electric Generators (not powered by traditional... ($9.15M), Sodium chlorate ($8.27M), Other plastic sheets ($6.9M), and Dextrins and other modified starches ($5.57M).
Economic Complexity In 2021, the highest complexity exports of Komi Republic according to the product complexity index (PCI) are Newsprint (0.99), Non-woven Textiles (0.75), Uncoated Paper (0.31), Carbon (0.2), Other Uncoated Paper (0.19), Particle Board (0.17), Toilet Paper (-0.07), Wood Fiberboard (-0.088), Kraft Paper (-0.15), and Fuel Wood (-0.32). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
January, 2022
Overview In January 2022 KOMI REPUBLIC exported $108M and imported $7.9M, resulting in a positive trade balance of $99.6M. Between January 2021 and January 2022 the exports of KOMI REPUBLIC have increased by $21.4M (24.9%) from $86.1M to $108M, while imports increased by $373k (4.96%) from $7.53M to $7.9M.
Trade In January 2022, the top exports of KOMI REPUBLIC were Plywood ($20.4M), Kraft Paper ($18.2M), Refined Petroleum ($16.7M), Sawn Wood ($11.8M), and Crude Petroleum ($11M). In January 2022 the top imports of KOMI REPUBLIC were Raw Plastic Sheeting ($1.6M), Uncoated Paper ($1.23M), Dextrins ($612k), Other Plastic Sheetings ($530k), and Chlorates and Perchlorates ($506k).
Destinations In January 2022, KOMI REPUBLIC exported mostly to Netherlands ($27M), China ($7.83M), United States ($5.82M), Germany ($4.97M), and Italy ($4.91M), and imported mostly from China ($1.7M), Austria ($1.46M), Finland ($1.42M), Germany ($1.15M), and Belarus ($656k).
Growth In January 2022, the increase in KOMI REPUBLIC's year-by-year exports was explained primarily by an increase in exports to United States ($7.73M or 375%), Slovenia ($5.98M or 3.56k%), and China ($2.92M or 92.8%), and product exports increase in Kraft Paper ($2.71M or 21.8%), Plywood ($1.59M or 14.3%), and Linoleum ($910k or 200%). In January 2022, the increase in KOMI REPUBLIC's year-by-year imports was explained primarily by an increase in imports from Austria ($187k or 13.8%), Latvia ($41.2k or 39.8%), and Belarus ($37.2k or 36.8%), and product imports increase in Raw Plastic Sheeting ($1.34M or 196%), Dextrins ($488k or 279%), and Liquid Pumps ($321k or 7.74k%).
EXPORT GROWTH (January 2021 - January 2022): $21.4M, (24.9%)
IMPORT GROWTH (January 2021 - January 2022): $373k, (4.96%)
This section shows exports and imports data at subnational level for KOMI REPUBLIC. 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 KOMI REPUBLIC over time.
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Top Destination (2021): Netherlands, $287M
Top Product (2021): Light petroleum distillates nes, $314M
In 2021 the top export destinations of Komi Republic were Netherlands ($287M), United States ($106M), China ($99M), Germany ($53.8M), and Italy ($52.4M).
In 2021 the top exports of Komi Republic were Light petroleum distillates nes ($314M), Plywood; with sheets of wood only;... ($224M), Petroleum oils, oils from bituminous minerals,... ($129M), Bleached Kraft Paper ($121M), and Wood; coniferous species, of fir (Abies... ($95.7M).
Fastest Growing Exports Destination (Jan 2021 - Jan 2022)
Rapidly Declining Export Origins (Jan 2021 - Jan 2022)
Top Origin (2021): Austria, $24.9M
Top Import (2021): Non-cellular vinyl chloride polymers sheets (<..., $14.8M
In 2021 the top import origins of Komi Republic were Austria ($24.9M), China ($21.6M), Finland ($21.4M), Germany ($20.9M), and Brazil ($4.97M).
In 2021 the top imports of Komi Republic were Non-cellular vinyl chloride polymers sheets (<... ($14.8M), Electric Generators (not powered by traditional... ($9.15M), Sodium chlorate ($8.27M), Other plastic sheets ($6.9M), and Dextrins and other modified starches ($5.57M).
Economic Complexity (2021): -0.35
Komi Republic ranks 43rd 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.
The economic complexity of a territory can change year to year. Komi Republic it is in position 43rd considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Komi Republic already has a comparative advantage, are led by Veneer Sheets (0.035), Wood Carpentry (0.032), Other Wood Articles (0.029), Frozen Fruits and Nuts (0.029), and Prefabricated Buildings (0.028).
The highest complexity exports of Komi Republic according to the product complexity index (PCI) are Newsprint (0.99), Non-woven Textiles (0.75), Uncoated Paper (0.31), Carbon (0.2), Other Uncoated Paper (0.19), Particle Board (0.17), Toilet Paper (-0.07), Wood Fiberboard (-0.088), Kraft Paper (-0.15), and Fuel Wood (-0.32). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Plywood (192.92), Kraft Paper (165.19), Newsprint (120.20), Uncoated Paper (70.73), and Carbon (68.73).
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 Komi Republic 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.
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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