Far East Federal DistrictDistrict in Russia
2019 Economic Complexity: -1.26, Rank 8 of 8
Nov 2020 Trade Exports | Imports: $2.27B | $722M, 6 of 8 | 6 of 8
Nov 2020 Country Destination | Origin: South Korea | China , $698M | $316M
Nov 2020 Product Exports | Imports: Crude Petroleum | Vehicle Bodies , $612M | $57.9M
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 $20.6B, 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,... ($5.83B), Natural gas, liquefied ($3.52B), Diamonds (jewellery) unworked or simply sawn,... ($1.82B), Bituminous coal, not agglomerated ($1.32B), and Fish: frozen, Alaska pollack (Theraga chalcogramma),... ($677M).
Imports: In 2020, Russia's Far East Federal District imported $6.6B, 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 ($310M), Precious metal ores and concentrates except... ($305M), Automatic data processing machines: portable, weighing... ($183M), Telephones for cellular networks or for... ($155M), and Parts and accessories of data processing... ($140M).
Economic Complexity: In 2019, the highest complexity exports of Far East Federal District according to the product complexity index (PCI) are Iron Railway Products (0.51), Uncoated Kraft Paper (-0.062), Coal Tar Oil (-0.086), Oats (-0.12), and Fuel Wood (-0.25). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In November 2020 FAR EAST FEDERAL DISTRICT exported $2.27B and imported $722M, resulting in a positive trade balance of $1.55B. Between November 2019 and November 2020 the exports of FAR EAST FEDERAL DISTRICT have increased by $103M (4.78%) from $2.16B to $2.27B, while imports decreased by $-14.8M (-2.01%) from $737M to $722M.
Trade: In November 2020, the top exports of FAR EAST FEDERAL DISTRICT were Crude Petroleum ($612M), Diamonds ($355M), Petroleum Gas ($299M), Non-fillet Frozen Fish ($167M), and Coal Briquettes ($154M). In November 2020 the top imports of FAR EAST FEDERAL DISTRICT were Vehicle Bodies ($57.9M), Fishing Ships ($46.7M), Computers ($42M), Precious Metal Ore ($38.8M), and Vehicle Parts ($32.1M).
Destinations: In November 2020, FAR EAST FEDERAL DISTRICT exported mostly to South Korea ($698M), China ($635M), Japan ($381M), Belgium ($162M), and India ($109M), and imported mostly from China ($316M), Japan ($123M), Germany ($54M), Kazakhstan ($45.2M), and South Korea ($44.7M).
Growth: In November 2020, the increase in FAR EAST FEDERAL DISTRICT's year-by-year exports was explained primarily by an increase in exports to South Korea ($187M or 36.7%), China ($78.7M or 14.1%), and India ($48.5M or 80.6%), and product exports increase in Diamonds ($85.8M or 31.9%), Commodities not elsewhere specified ($55.2M or 862%), and Iron Ore ($45.5M or 532%). In November 2020, the decrease in FAR EAST FEDERAL DISTRICT's year-by-year imports was explained primarily by an decrease in imports from China ($-52.1M or -14.1%), Italy ($-44.4M or -92.6%), and Brazil ($-5.19M or -50.4%), and product imports decrease in Air Pumps ($-43.8M or -93.7%), Citrus ($-15.4M or -91.8%), and Large Construction Vehicles ($-13M or -64.2%).
EXPORT GROWTH (November 2019 - November 2020): $103M, (4.78%)
IMPORT GROWTH (November 2019 - November 2020): $-14.8M, (-2.01%)
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.
This section shows the differences between FAR EAST FEDERAL DISTRICT's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Russia's country profile.
Top Destination (2020): South Korea, $6.32B
Top Product (2020): Petroleum oils, oils from bituminous minerals,..., $5.83B
In 2020 the top export destinations of Far East Federal District were South Korea ($6.32B), China ($5.98B), Japan ($4.04B), Belgium ($835M), and Kazakhstan ($639M).
In 2020 the top exports of Far East Federal District were Petroleum oils, oils from bituminous minerals,... ($5.83B), Natural gas, liquefied ($3.52B), Diamonds (jewellery) unworked or simply sawn,... ($1.82B), Bituminous coal, not agglomerated ($1.32B), and Fish: frozen, Alaska pollack (Theraga chalcogramma),... ($677M).
Fastest Growing Exports Destination (Nov 2019 - Nov 2020)
Rapidly Declining Export Origins (Nov 2019 - Nov 2020)
Top Origin (2020): China, $3.29B
Top Import (2020): Bodies for passenger carrying vehicles, $310M
In 2020 the top import origins of Far East Federal District were China ($3.29B), Japan ($877M), South Korea ($513M), Kazakhstan ($355M), and United States ($264M).
In 2020 the top imports of Far East Federal District were Bodies for passenger carrying vehicles ($310M), Precious metal ores and concentrates except... ($305M), Automatic data processing machines: portable, weighing... ($183M), Telephones for cellular networks or for... ($155M), and Parts and accessories of data processing... ($140M).
Far East Federal District ranks 8th out of the 8 districts in Russia according to ECI.
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 Iron Ore (0.068), Gold (0.061), Raw Aluminium (0.059), Wool (0.058), and Dried Legumes (0.055).
The highest complexity exports of Far East Federal District according to the product complexity index (PCI) are Iron Railway Products (0.51), Uncoated Kraft Paper (-0.062), Coal Tar Oil (-0.086), Oats (-0.12), and Fuel Wood (-0.25). 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 (69), Non-fillet Frozen Fish (54), Precious Metal Ore (48.7), Crustaceans (26.9), and Veneer Sheets (22.7).
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.
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