Far East Federal District

District 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.

Comparison in Time

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Flow
Value
Reference Period

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.

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Yearly Exports

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Value
Depth

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).

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Exports Dynamics

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Fastest Growing Exports Destination (Nov 2019 - Nov 2020)

Rapidly Declining Export Origins (Nov 2019 - Nov 2020)

Yearly Imports

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Value
Depth

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).

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Imports Dynamics

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Fastest Growing Import Origins (Nov 2019 - Nov 2020)

Rapidly Declining Import Origins (Nov 2019 - Nov 2020)

Economic Complexity

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Economic Complexity of Russia

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Far East Federal District ranks 8th out of the 8 districts in Russia according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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Scale

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.

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Export Opportunities by Relatedness

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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).

Most Complex Products by PCI

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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.

Most Specialized Products by RCA Index

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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.

Relatedness Space

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This network shows the products most related to the production structure of  Far East Federal District. These are products that tend to be co-exported with the products that Far East Federal District 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.