Far East Federal DistrictDistrict in Russia
Exports (2019): $26.3B, Rnk 6/8
Top Destination (2019): $8.52B, South Korea
Top Export (2019): $8.55B, Petroleum oils, oils from bituminous minerals,...
Imports (2019): $7.89B, Rnk 6/8
Top Origin (2019): $3.78B, China
Top Import (2019): $454M, Bodies for passenger carrying vehicles
Economic Complexity (2019): -1.4, Rnk 8 / 8
Overview: This page contains the latest international trade data for FAR EAST FEDERAL DISTRICT, including export and import data.
Exports: In 2019, Russia's Far East Federal District exported $26.3B, making it the 6th largest exporter out of the 8 exporters in Russia. In 2019 the top exports of Far East Federal District were Petroleum oils, oils from bituminous minerals,... ($8.55B), Natural gas, liquefied ($3.81B), Diamonds (jewellery) unworked or simply sawn,... ($2.43B), Bituminous coal, not agglomerated ($1.8B), and Commodities not specified according to kind ($919M).
Imports: In 2019, Russia's Far East Federal District imported $7.89B, making it the 6th largest importer out of the 8 importers in Russia. In 2019 top imports of Far East Federal District were Bodies for passenger carrying vehicles ($454M), Precious metal ores and concentrates except... ($270M), Automatic data processing machines: portable, weighing... ($242M), Telephones for cellular networks or for... ($174M), and Fishing vessels and factory ships ($124M).
Economic Complexity: In 2019, the highest complexity exports of Far East Federal District according to the product complexity index (PCI) are Iron Railway Products (0.63), Uncoated Kraft Paper (0.054), Fuel Wood (-0.019), Other Locomotives (-0.23), and Coal Tar Oil (-0.35). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Top Destination (2019): South Korea, $8.52B
Top Product (2019): Petroleum oils, oils from bituminous minerals,..., $8.55B
In 2019 the top export destinations of Far East Federal District were South Korea ($8.52B), China ($6.05B), Japan ($5.59B), Belgium ($1.47B), and Egypt ($817M).
In 2019 the top exports of Far East Federal District were Petroleum oils, oils from bituminous minerals,... ($8.55B), Natural gas, liquefied ($3.81B), Diamonds (jewellery) unworked or simply sawn,... ($2.43B), Bituminous coal, not agglomerated ($1.8B), and Commodities not specified according to kind ($919M).
Fastest Growing Exports Destination (N/A - N/A)
Rapidly Declining Export Origins (N/A - N/A)
Top Origin (2019): China, $3.78B
Top Import (2019): Bodies for passenger carrying vehicles, $454M
In 2019 the top import origins of Far East Federal District were China ($3.78B), Japan ($1.21B), South Korea ($664M), United States ($364M), and Kazakhstan ($316M).
In 2019 the top imports of Far East Federal District were Bodies for passenger carrying vehicles ($454M), Precious metal ores and concentrates except... ($270M), Automatic data processing machines: portable, weighing... ($242M), Telephones for cellular networks or for... ($174M), and Fishing vessels and factory ships ($124M).
This section shows differences between total trade from FAR EAST FEDERAL DISTRICT throughout time.
This section shows forecasts for total exports and imports from FAR EAST FEDERAL DISTRICT. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.
Far East Federal District ranks 8th out of the 8 districts in Russia according to ECI.
Estimated using exports data.
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 Raw Aluminium (0.064), Gold (0.061), Ferroalloys (0.058), Shaped Wood (0.054), and Nitrogenous Fertilizers (0.054).
The highest complexity exports of Far East Federal District according to the product complexity index (PCI) are Iron Railway Products (0.63), Uncoated Kraft Paper (0.054), Fuel Wood (-0.019), Other Locomotives (-0.23), and Coal Tar Oil (-0.35). 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 (70.9), Non-fillet Frozen Fish (54.7), Precious Metal Ore (46.2), Crustaceans (26.3), and Veneer Sheets (22.4).
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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