FAR EAST FEDERAL DISTRICTDistrict in Russia
2020 Economic Complexity : -1.17, Rank 8 of 8
Jun 2021 Trade Exports | Imports: $4.18B | $871M, 3 of 8 | 7 of 8
Jun 2021 Country Destination | Origin: South Korea | China , $1.45B | $454M
Jun 2021 Product Exports | Imports: Petroleum oils, oils from bituminous minerals, crude | Precious metal ores and concentrates except silver , $1.5B | $44.1M
Overview This page contains the latest international trade data for FAR EAST FEDERAL DISTRICT, including export and import data.
Exports In 2020, Russia's Far East Federal District exported $23B, making it the 6th largest exporter out of the 8 exporters in Russia. In 2020 the top exports of Far East Federal District were Petroleum oils, oils from bituminous minerals,... ($6.21B), Natural gas, liquefied ($3.7B), Diamonds (jewellery) unworked or simply sawn,... ($2.35B), Bituminous coal, not agglomerated ($1.52B), and Fish: frozen, Alaska pollack (Theraga chalcogramma),... ($711M).
Imports In 2020, Russia's Far East Federal District imported $7.48B, making it the 7th largest importer out of the 8 importers in Russia. In 2020 top imports of Far East Federal District were Bodies for passenger carrying vehicles ($353M), Precious metal ores and concentrates except... ($341M), Automatic data processing machines: portable, weighing... ($216M), Parts and accessories of data processing... ($165M), and Light petroleum distillates nes ($165M).
Economic Complexity In 2020, the highest complexity exports of Far East Federal District according to the product complexity index (PCI) are Uncoated Kraft Paper (-0.062), Coal Tar Oil (-0.086), Rapeseed (-0.18), Fuel Wood (-0.25), and Electricity (-0.52). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
June, 2021
Overview In June 2021 FAR EAST FEDERAL DISTRICT exported $4.18B and imported $871M, resulting in a positive trade balance of $3.31B. Between June 2020 and June 2021 the exports of FAR EAST FEDERAL DISTRICT have increased by $2.41B (136%) from $1.77B to $4.18B, while imports increased by $116M (15.4%) from $755M to $871M.
Trade In June 2021, the top exports of FAR EAST FEDERAL DISTRICT were Crude Petroleum ($1.5B), Petroleum Gas ($817M), Coal Briquettes ($363M), Diamonds ($339M), and Crustaceans ($171M). In June 2021 the top imports of FAR EAST FEDERAL DISTRICT were Computers ($45.8M), Precious Metal Ore ($44.1M), Telephones ($34.5M), Vehicle Parts ($34.3M), and Vehicle Bodies ($32.6M).
Destinations In June 2021, FAR EAST FEDERAL DISTRICT exported mostly to South Korea ($1.45B), China ($1.17B), Japan ($900M), Belgium ($139M), and Taiwan ($109M), and imported mostly from China ($454M), Japan ($99.8M), South Korea ($64.4M), Kazakhstan ($49.5M), and Norway ($30.8M).
Growth In June 2021, the increase in FAR EAST FEDERAL DISTRICT's year-by-year exports was explained primarily by an increase in exports to South Korea ($960M or 194%), China ($526M or 82.2%), and Japan ($508M or 130%), and product exports increase in Crude Petroleum ($885M or 144%), Petroleum Gas ($609M or 293%), and Diamonds ($298M or 742%). In June 2021, the increase in FAR EAST FEDERAL DISTRICT's year-by-year imports was explained primarily by an increase in imports from China ($60.3M or 15.3%), Japan ($42.2M or 73.3%), and Norway ($29.5M or 2.28k%), and product imports increase in Vehicle Bodies ($27.6M or 554%), Precious Metal Ore ($21M or 91%), and Coated Flat-Rolled Iron ($20.3M or 531%).
EXPORT GROWTH (June 2020 - June 2021): $2.41B, (136%)
IMPORT GROWTH (June 2020 - June 2021): $116M, (15.4%)
This section shows exports and imports data at subnational level for FAR EAST FEDERAL DISTRICT. 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 FAR EAST FEDERAL DISTRICT over time.
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Top Destination (2020): South Korea, $6.86B
Top Product (2020): Petroleum oils, oils from bituminous minerals,..., $6.21B
In 2020 the top export destinations of Far East Federal District were South Korea ($6.86B), China ($6.74B), Japan ($4.28B), Belgium ($1.04B), and United Arab Emirates ($730M).
In 2020 the top exports of Far East Federal District were Petroleum oils, oils from bituminous minerals,... ($6.21B), Natural gas, liquefied ($3.7B), Diamonds (jewellery) unworked or simply sawn,... ($2.35B), Bituminous coal, not agglomerated ($1.52B), and Fish: frozen, Alaska pollack (Theraga chalcogramma),... ($711M).
Fastest Growing Exports Destination (Jun 2020 - Jun 2021)
Rapidly Declining Export Origins (Jun 2020 - Jun 2021)
Top Origin (2020): China, $3.65B
Top Import (2020): Bodies for passenger carrying vehicles, $353M
In 2020 the top import origins of Far East Federal District were China ($3.65B), Japan ($990M), South Korea ($631M), Kazakhstan ($397M), and United States ($300M).
In 2020 the top imports of Far East Federal District were Bodies for passenger carrying vehicles ($353M), Precious metal ores and concentrates except... ($341M), Automatic data processing machines: portable, weighing... ($216M), Parts and accessories of data processing... ($165M), and Light petroleum distillates nes ($165M).
Economic Complexity (2020): -1.17
Far East Federal District ranks 8th out of the 8 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. Far East Federal District it is in position 8th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Far East Federal District already has a comparative advantage, are led by Tin Ores (0.069), Raw Aluminium (0.06), Dried Legumes (0.055), Wood Charcoal (0.054), and Bran (0.053).
The highest complexity exports of Far East Federal District according to the product complexity index (PCI) are Uncoated Kraft Paper (-0.062), Coal Tar Oil (-0.086), Rapeseed (-0.18), Fuel Wood (-0.25), and Electricity (-0.52). 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 Lignite (71.1), Precious Metal Ore (69.7), Non-fillet Frozen Fish (52.6), Crustaceans (33.0), and Lead Ore (26.5).
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 Far East 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.
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.