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Federal subject in SIBERIAN FEDERAL DISTRICT, district of Russia

2021
Economic
Complexity -0.65Rank 54 of 61
Jan 2022
Trade
Exports | Imports $668M | $159M13 of 85 | 20 of 83
Jan 2022
Country
Destination | Origin China | Ukraine $373M  | $59.9M

About

Overview This page contains the latest international trade data for IRKUTSK REGION. In January 2022 IRKUTSK REGION was the number 11 in total exports and the number 19 in total imports in Russia.

Exports In 2021, Russia's Irkutsk Region exported $668M, making it the 11th largest exporter out of the 85 exporters in Russia. In 2021 the top exports of Irkutsk Region were Petroleum oils, oils from bituminous minerals,... ($2.3B), Aluminium unwrought, not alloyed ($2.05B), Wood; coniferous species, of pine (Pinus... ($849M), Chem wood pulp, soda or sulphate,... ($827M), and Aluminium unwrought, alloyed ($671M).

Imports In 2021, Russia's Irkutsk Region imported $159M, making it the 19th largest importer out of the 85 importers in Russia. In 2021 top imports of Irkutsk Region were Aluminium oxide, except artificial corundum ($724M), Machinery for treatment by temperature change... ($222M), Machinery for making paper or paperboard ($135M), Machinery for pulping fibrous cellulosic material ($76.7M), and Machines and mechanical appliances nes ($46.4M).

Economic Complexity In 2021, the highest complexity exports of Irkutsk Region according to the product complexity index (PCI) are Vinyl Chloride Polymers (0.63), Sodium or Potassium Peroxides (0.38), Wood Carpentry (0.21), Particle Board (0.17), Hydrogen (-0.023), Aluminium Powder (-0.038), Oats (-0.13), Kraft Paper (-0.15), Fuel Wood (-0.32), and Sulfate Chemical Woodpulp (-0.4). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2022

About

Overview In January 2022 IRKUTSK REGION exported $668M and imported $159M, resulting in a positive trade balance of $509M. Between January 2021 and January 2022 the exports of IRKUTSK REGION have increased by $195M (41.1%) from $473M to $668M, while imports increased by $40.2M (33.8%) from $119M to $159M.

Trade In January 2022, the top exports of IRKUTSK REGION were Crude Petroleum ($245M), Raw Aluminium ($121M), Sawn Wood ($94.4M), Sulfate Chemical Woodpulp ($73.1M), and Aluminium Wire ($52.8M). In January 2022 the top imports of IRKUTSK REGION were Aluminium Oxide ($84.7M), Other Heating Machinery ($12.7M), Nitrogen Heterocyclic Compounds ($4.41M), Washing and Bottling Machines ($3.34M), and Liquid Pumps ($2.3M).

Destinations In January 2022, IRKUTSK REGION exported mostly to China ($373M), Japan ($46.6M), Turkey ($45.2M), Netherlands ($42.4M), and Denmark ($20.4M), and imported mostly from Ukraine ($59.9M), China ($29.6M), Australia ($24.8M), United Kingdom ($9.4M), and Germany ($6.79M).

Growth In January 2022, the increase in IRKUTSK REGION's year-by-year exports was explained primarily by an increase in exports to China ($68M or 22.3%), Netherlands ($28M or 195%), and Turkey ($21.3M or 89%), and product exports increase in Crude Petroleum ($113M or 86%), Sawn Wood ($35.1M or 59.1%), and Aluminium Wire ($26.3M or 99.4%). In January 2022, the increase in IRKUTSK REGION's year-by-year imports was explained primarily by an increase in imports from Ukraine ($32.8M or 121%), United Kingdom ($9.35M or 22.5k%), and Australia ($6.96M or 39%), and product imports increase in Aluminium Oxide ($40.6M or 92.1%), Nitrogen Heterocyclic Compounds ($4.4M or 31.4k%), and Washing and Bottling Machines ($3.34M or 347k%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (January 2021 - January 2022)$195M(41.1%)
IMPORT GROWTH (January 2021 - January 2022)$40.2M(33.8%)

This section shows exports and imports data at subnational level for IRKUTSK REGION. 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 IRKUTSK REGION over time.

For full datasets download visit Bulk Download page.

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IRKUTSK REGION's Monthly Exports
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Exports by Products
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Exports by Countries
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Historical Data

Yearly Exports

Color
Depth
Top Destination (2021)China$4.23B
Top Product (2021)Petroleum oils, oils from bituminous minerals,...$2.3B

In 2021 the top export destinations of Irkutsk Region were China ($4.23B), Japan ($821M), Turkey ($687M), Unknown ($430M), and Netherlands ($243M).

In 2021 the top exports of Irkutsk Region were Petroleum oils, oils from bituminous minerals,... ($2.3B), Aluminium unwrought, not alloyed ($2.05B), Wood; coniferous species, of pine (Pinus... ($849M), Chem wood pulp, soda or sulphate,... ($827M), and Aluminium unwrought, alloyed ($671M).

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Exports (2021)
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Destinations (2021)
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Exports Dynamics

Fastest Growing Exports Destination (Jan 2021 - Jan 2022)
China $68M (22.3%)
Netherlands $28M (195%)
Turkey $21.3M (89%)
Rapidly Declining Export Origins (Jan 2021 - Jan 2022)
Bulgaria -$5.67M (-98%)
Norway -$5.14M (-97.4%)
Greece -$1.93M (-67.7%)

Export Destinations of IRKUTSK REGION (Jan 2021 - Jan 2022)

Yearly Imports

Color
Depth
Top Origin (2021)Ukraine$492M
Top Import (2021)Aluminium oxide, except artificial corundum$724M

In 2021 the top import origins of Irkutsk Region were Ukraine ($492M), China ($481M), Australia ($193M), Germany ($178M), and South Korea ($86.3M).

In 2021 the top imports of Irkutsk Region were Aluminium oxide, except artificial corundum ($724M), Machinery for treatment by temperature change... ($222M), Machinery for making paper or paperboard ($135M), Machinery for pulping fibrous cellulosic material ($76.7M), and Machines and mechanical appliances nes ($46.4M).

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Imports (2021)
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Origins (2021)
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Imports Dynamics

Fastest Growing Import Origins (Jan 2021 - Jan 2022)
Ukraine $32.8M (121%)
United Kingdom $9.35M (22.5k%)
Australia $6.96M (39%)
Rapidly Declining Import Origins (Jan 2021 - Jan 2022)
United States -$9.38M (-95.6%)
Finland -$4.65M (-79.1%)
Germany -$2.28M (-25.1%)

Import Origins of IRKUTSK REGION (Jan 2021 - Jan 2022)

Economic Complexity

Economic Complexity of Irkutsk Region

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Economic Complexity (2021)-0.65

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

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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ECI comparison Russia between districts (2021)

Economic Complexity Ranking

Value

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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ECI Rank by Subnat Geography

Export Opportunities by Relatedness

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 (0.054), Iron Ore (0.051), Ammonia (0.05), Lignite (0.048), and Nitrogenous Fertilizers (0.043).

Most Complex Products by PCI

The highest complexity exports of Irkutsk Region according to the product complexity index (PCI) are Vinyl Chloride Polymers (0.63), Sodium or Potassium Peroxides (0.38), Wood Carpentry (0.21), Particle Board (0.17), Hydrogen (-0.023), Aluminium Powder (-0.038), Oats (-0.13), Kraft Paper (-0.15), Fuel Wood (-0.32), and Sulfate Chemical Woodpulp (-0.4). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Aluminium Wire (133.79), Raw Aluminium (85.50), Sulfate Chemical Woodpulp (69.32), Sawn Wood (66.02), and Rough Wood (27.83).

Product Space

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

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. Bubble size corresponds to exports value by year 2020.

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