Ivanovo Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: 0.05, Rank 14 of 64

Nov 2020
Trade
Exports | Imports
: $17M | $49.9M, 73 of 85 | 35 of 84

Nov 2020
Country
Destination | Origin
: Belarus | Uzbekistan , $2.59M  | $16M

Nov 2020
Product
Exports | Imports
: Saturated Acyclic Monocarboxylic Acids | Non-Retail Pure Cotton Yarn , $1.93M  | $10.4M

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

Exports: In 2020, Russia's Ivanovo Region exported $146M, making it the 72nd largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Ivanovo Region were N-butyl acetate ($13.4M), Electro-diagnostic apparatus, nes ($5.8M), Organic composite solvents, paint, varnish remover... ($5.5M), Plain weave cotton, >85% <100 g/m2,... ($5.37M), and Acetone ($5.2M).

Imports: In 2020, Russia's Ivanovo Region imported $466M, making it the 37th largest importer out of the 85 importers in Russia. In 2020 top imports of Ivanovo Region were Cotton yarn >85% single uncombed 714-232... ($48M), Cotton yarn >85% single uncombed 232-192... ($27.8M), Plain weave cotton, >85% 100-200g/m2, unbleached ($22.6M), Parts of cranes, work-trucks, shovels, constr... ($19.4M), and Cotton yarn >85% single uncombed 192-125... ($15.4M).

Economic Complexity: In 2019, the highest complexity exports of Ivanovo Region according to the product complexity index (PCI) are Self-adhesive Plastics (1.38), Milling Stones (1.35), Ketones and Quinones (1.2), Saturated Acyclic Monocarboxylic Acids (1.06), and Compounded Unvulcanised Rubber (0.87). 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 IVANOVO 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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Value
Depth

Top Destination (2020): Belarus, $24.9M

Top Product (2020): N-butyl acetate, $13.4M

In 2020 the top export destinations of Ivanovo Region were Belarus ($24.9M), Kazakhstan ($23.1M), Czechia ($10.7M), Germany ($9.83M), and Ukraine ($7.94M).

In 2020 the top exports of Ivanovo Region were N-butyl acetate ($13.4M), Electro-diagnostic apparatus, nes ($5.8M), Organic composite solvents, paint, varnish remover... ($5.5M), Plain weave cotton, >85% <100 g/m2,... ($5.37M), and Acetone ($5.2M).

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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): Uzbekistan, $157M

Top Import (2020): Cotton yarn >85% single uncombed 714-232..., $48M

In 2020 the top import origins of Ivanovo Region were Uzbekistan ($157M), China ($106M), Belarus ($39.3M), Turkey ($26.3M), and Germany ($20.3M).

In 2020 the top imports of Ivanovo Region were Cotton yarn >85% single uncombed 714-232... ($48M), Cotton yarn >85% single uncombed 232-192... ($27.8M), Plain weave cotton, >85% 100-200g/m2, unbleached ($22.6M), Parts of cranes, work-trucks, shovels, constr... ($19.4M), and Cotton yarn >85% single uncombed 192-125... ($15.4M).

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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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Ivanovo Region ranks 14th 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. Ivanovo Region it is in position 14th 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 Ivanovo Region already has a comparative advantage, are led by Iron Structures (0.091), Plastic Building Materials (0.091), Wood Crates (0.09), Large Iron Containers (0.089), and Aluminium Structures (0.089).

Most Complex Products by PCI

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The highest complexity exports of Ivanovo Region according to the product complexity index (PCI) are Self-adhesive Plastics (1.38), Milling Stones (1.35), Ketones and Quinones (1.2), Saturated Acyclic Monocarboxylic Acids (1.06), and Compounded Unvulcanised Rubber (0.87). 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 Organic Composite Solvents (342), Light Pure Woven Cotton (203), Carbon (128), Saturated Acyclic Monocarboxylic Acids (117), and Ketones and Quinones (83.7).

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