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.

Historical Data

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Yearly Exports

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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).

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Exports Dynamics

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Fastest Growing Exports Destination (Jan 2021 - Jan 2022)

Rapidly Declining Export Origins (Jan 2021 - Jan 2022)

Yearly Imports

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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 Dynamics

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Fastest Growing Import Origins (Jan 2021 - Jan 2022)

Rapidly Declining Import Origins (Jan 2021 - Jan 2022)

Economic Complexity

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Economic Complexity of Irkutsk Region

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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.

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Economic Complexity Ranking

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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.

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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 (0.057), Ammonia (0.056), Iron Ore (0.049), Acyclic Alcohols (0.045), and Lignite (0.043).

Most Complex Products by PCI

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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.

Most Specialized Products by RCA Index

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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.

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. Bubble size corresponds to exports value by year 2020.