IRKUTSK REGIONFederal subject in SIBERIAN FEDERAL DISTRICT, district of Russia
2020 Economic Complexity : -0.66, Rank 53 of 61
Jan 2022 Trade Exports | Imports: $668M | $159M, 13 of 85 | 20 of 83
Jan 2022 Country Destination | Origin: China | Ukraine , $373M | $59.9M
Jan 2022 Product Exports | Imports: Petroleum oils, oils from bituminous minerals, crude | Aluminium oxide, except artificial corundum , $245M | $84.7M
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 $8.91B, 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 $2.12B, 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 2020, the highest complexity exports of Irkutsk Region according to the product complexity index (PCI) are Aluminium Powder (0.14), Fuel Wood (-0.18), Kraft Paper (-0.27), Sulfate Chemical Woodpulp (-0.38), and Plywood (-0.67). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
January, 2022
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 ($28.7M or 10.4%), Turkey ($19.7M or 464%), and Bulgaria ($5.58M or 2.73k%), and product exports increase in Raw Aluminium ($105M or 350%), Aluminium Wire ($19.6M or 286%), and Vinyl Chloride Polymers ($4.66M or 575%). In January 2022, the increase in IRKUTSK REGION's year-by-year imports was explained primarily by an increase in imports from Australia ($5.67M or 46.5%), Finland ($4.92M or 507%), and South Korea ($3.73M or 300%), and product imports increase in Papermaking Machines ($14.1M or 35.1k%), Other Heating Machinery ($10.1M or 2.52k%), and Casting Machines ($8.66M or 121k%).
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.
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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).
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).
Fastest Growing Import Origins (Jan 2021 - Jan 2022)
Rapidly Declining Import Origins (Jan 2021 - Jan 2022)
Economic Complexity (2021): -0.66
Irkutsk Region ranks 53rd 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.
The economic complexity of a territory can change year to year. Irkutsk Region it is in position 53rd considering its ECI in the last year.
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 (0.057), Ammonia (0.056), Iron Ore (0.049), Acyclic Alcohols (0.045), and Lignite (0.043).
The highest complexity exports of Irkutsk Region according to the product complexity index (PCI) are Aluminium Powder (0.14), Fuel Wood (-0.18), Kraft Paper (-0.27), Sulfate Chemical Woodpulp (-0.38), and Plywood (-0.67). 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 Aluminium Wire (143.1), Raw Aluminium (99.9), Sawn Wood (72.0), Sulfate Chemical Woodpulp (60.0), and Kraft Paper (25.0).
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.
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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