Irkutsk Region

Federal subject in SIBERIAN FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: -0.6, Rank 54 of 64

Nov 2020
Trade
Exports | Imports
: $538M | $116M, 10 of 85 | 20 of 84

Nov 2020
Country
Destination | Origin
: China | Ukraine , $258M  | $37.8M

Nov 2020
Product
Exports | Imports
: Raw Aluminium | Aluminium Oxide , $227M  | $49.1M

Overview: This page contains the latest international trade data for IRKUTSK REGION, including export and import data.

Exports: In 2020, Russia's Irkutsk Region exported $5.01B, making it the 11th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Irkutsk Region were Petroleum oils, oils from bituminous minerals,... ($1.24B), Aluminium unwrought, not alloyed ($1.05B), Chem wood pulp, soda or sulphate,... ($611M), Wood; coniferous species, of pine (Pinus... ($545M), and Aluminium unwrought, alloyed ($229M).

Imports: In 2020, Russia's Irkutsk Region imported $1.29B, making it the 18th largest importer out of the 85 importers in Russia. In 2020 top imports of Irkutsk Region were Aluminium oxide, except artificial corundum ($498M), Machinery for treatment by temperature change... ($89.8M), Machinery for liquefying air or other... ($41.7M), Flat rolled iron or non-alloy steel,... ($23.1M), and Machinery for pulping fibrous cellulosic material ($19.3M).

Economic Complexity: In 2019, the highest complexity exports of Irkutsk Region according to the product complexity index (PCI) are Stone Processing Machines (0.57), Vinyl Chloride Polymers (0.51), Pulley Systems (0.5), Sodium or Potassium Peroxides (0.42), and Hydrogen (0.28). 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 IRKUTSK REGION'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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Depth

Top Destination (2020): China, $2.52B

Top Product (2020): Petroleum oils, oils from bituminous minerals,..., $1.24B

In 2020 the top export destinations of Irkutsk Region were China ($2.52B), Japan ($449M), South Korea ($272M), Netherlands ($269M), and Turkey ($204M).

In 2020 the top exports of Irkutsk Region were Petroleum oils, oils from bituminous minerals,... ($1.24B), Aluminium unwrought, not alloyed ($1.05B), Chem wood pulp, soda or sulphate,... ($611M), Wood; coniferous species, of pine (Pinus... ($545M), and Aluminium unwrought, alloyed ($229M).

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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): Ukraine, $329M

Top Import (2020): Aluminium oxide, except artificial corundum, $498M

In 2020 the top import origins of Irkutsk Region were Ukraine ($329M), China ($255M), Australia ($146M), United States ($74.6M), and Finland ($73.6M).

In 2020 the top imports of Irkutsk Region were Aluminium oxide, except artificial corundum ($498M), Machinery for treatment by temperature change... ($89.8M), Machinery for liquefying air or other... ($41.7M), Flat rolled iron or non-alloy steel,... ($23.1M), and Machinery for pulping fibrous cellulosic material ($19.3M).

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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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Irkutsk Region ranks 54th out of the 85 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. Irkutsk Region it is in position 54th 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 Irkutsk Region already has a comparative advantage, are led by Ammonia (0.057), Petroleum Gas (0.055), Veneer Sheets (0.042), Acyclic Alcohols (0.041), and Gravel and Crushed Stone (0.04).

Most Complex Products by PCI

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The highest complexity exports of Irkutsk Region according to the product complexity index (PCI) are Stone Processing Machines (0.57), Vinyl Chloride Polymers (0.51), Pulley Systems (0.5), Sodium or Potassium Peroxides (0.42), and Hydrogen (0.28). 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 Raw Aluminium (84.7), Aluminium Wire (82), Sawn Wood (77.3), Sulfate Chemical Woodpulp (57.2), and Rough Wood (36.9).

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 Irkutsk Region 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  Irkutsk Region. These are products that tend to be co-exported with the products that Irkutsk Region 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.