Irkutsk Region

Federal subject in SIBERIAN FEDERAL DISTRICT, district of Russia

Exports (2019): $6.5B, Rnk 12/85

Top Destination (2019): $2.99B, China

Top Export (2019): $1.89B, Petroleum oils, oils from bituminous minerals,...

Imports (2019): $1.49B, Rnk 19/85

Top Origin (2019): $388M, Ukraine

Top Import (2019): $694M, Aluminium oxide, except artificial corundum

Economic Complexity (2019): -0.69, Rnk 54 / 85

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

Exports: In 2019, Russia's Irkutsk Region exported $6.5B, making it the 12th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Irkutsk Region were Petroleum oils, oils from bituminous minerals,... ($1.89B), Aluminium unwrought, not alloyed ($1.37B), Wood; coniferous species, of pine (Pinus... ($696M), Chem wood pulp, soda or sulphate,... ($577M), and Aluminium unwrought, alloyed ($342M).

Imports: In 2019, Russia's Irkutsk Region imported $1.49B, making it the 19th largest importer out of the 85 importers in Russia. In 2019 top imports of Irkutsk Region were Aluminium oxide, except artificial corundum ($694M), Machinery for pulping fibrous cellulosic material ($49.4M), Flat rolled iron or non-alloy steel,... ($30.5M), Air or gas compressors, hoods ($21.7M), and Aluminium fluoride ($19.4M).

Economic Complexity: In 2019, the highest complexity exports of Irkutsk Region according to the product complexity index (PCI) are Vinyl Chloride Polymers (0.42), Pulley Systems (0.35), Stone Processing Machines (0.34), Sodium or Potassium Peroxides (0.25), and Uncoated Kraft Paper (0.054). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
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Year

Top Destination (2019): China, $2.99B

Top Product (2019): Petroleum oils, oils from bituminous minerals,..., $1.89B

In 2019 the top export destinations of Irkutsk Region were China ($2.99B), Japan ($591M), Switzerland ($513M), South Korea ($333M), and Netherlands ($285M).

In 2019 the top exports of Irkutsk Region were Petroleum oils, oils from bituminous minerals,... ($1.89B), Aluminium unwrought, not alloyed ($1.37B), Wood; coniferous species, of pine (Pinus... ($696M), Chem wood pulp, soda or sulphate,... ($577M), and Aluminium unwrought, alloyed ($342M).

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Export Dynamics

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Fastest Growing Exports Destination (June 2019 - June 2020)

Rapidly Declining Export Origins (June 2019 - June 2020)

Yearly Imports

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Value
Depth
Year

Top Origin (2019): Ukraine, $388M

Top Import (2019): Aluminium oxide, except artificial corundum, $694M

In 2019 the top import origins of Irkutsk Region were Ukraine ($388M), China ($337M), Australia ($137M), Finland ($82.2M), and India ($69.2M).

In 2019 the top imports of Irkutsk Region were Aluminium oxide, except artificial corundum ($694M), Machinery for pulping fibrous cellulosic material ($49.4M), Flat rolled iron or non-alloy steel,... ($30.5M), Air or gas compressors, hoods ($21.7M), and Aluminium fluoride ($19.4M).

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Import Dynamics

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Fastest Growing Import Origins (June 2019 - June 2020)

Rapidly Declining Import Origins (June 2019 - June 2020)

Comparison in Time

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Flow
Value

This section shows differences between total trade from IRKUTSK REGION throughout time.

This section shows forecasts for total exports and imports from IRKUTSK REGION. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

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Economic Complexity

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Economic Complexity of Russia

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Irkutsk Region ranks 54th out of the 85 federal subjects in Russia according to ECI.

Estimated using exports data.

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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 Petroleum Gas (0.058), Ammonia (0.053), Veneer Sheets (0.045), Acyclic Alcohols (0.043), and Refined Petroleum (0.041).

Most Complex Products by PCI

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The highest complexity exports of Irkutsk Region according to the product complexity index (PCI) are Vinyl Chloride Polymers (0.42), Pulley Systems (0.35), Stone Processing Machines (0.34), Sodium or Potassium Peroxides (0.25), and Uncoated Kraft Paper (0.054). 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 (82), Aluminium Wire (81.2), Sawn Wood (74.6), Sulfate Chemical Woodpulp (56.4), and Rough Wood (35.8).

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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Depth
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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.