Ivanovo Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

Exports (2019): $173M, Rnk 72/85

Top Destination (2019): $33.9M, Belarus

Top Export (2019): $12.5M, N-butyl acetate

Imports (2019): $514M, Rnk 41/85

Top Origin (2019): $164M, Uzbekistan

Top Import (2019): $60.9M, Cotton yarn >85% single uncombed 714-232...

Economic Complexity (2019): 0.029, Rnk 14 / 85

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

Exports: In 2019, Russia's Ivanovo Region exported $173M, making it the 72nd largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Ivanovo Region were N-butyl acetate ($12.5M), Buckets, shovels, grabs etc for excavating... ($7.94M), Parts of cranes, work-trucks, shovels, constr... ($7.1M), Electro-diagnostic apparatus, nes ($6.32M), and Plain weave cotton, >85% <100 g/m2,... ($6.31M).

Imports: In 2019, Russia's Ivanovo Region imported $514M, making it the 41st largest importer out of the 85 importers in Russia. In 2019 top imports of Ivanovo Region were Cotton yarn >85% single uncombed 714-232... ($60.9M), Cotton yarn >85% single uncombed 232-192... ($39.5M), Parts of cranes, work-trucks, shovels, constr... ($27.9M), Plain weave cotton, >85% 100-200g/m2, unbleached ($23.6M), and Cotton yarn >85% single uncombed 192-125... ($19.5M).

Economic Complexity: In 2019, the highest complexity exports of Ivanovo Region according to the product complexity index (PCI) are Milling Stones (1.33), Ketones and Quinones (1.26), Saturated Acyclic Monocarboxylic Acids (1.12), Other Iron Products (0.99), and Excavation Machinery (0.83). 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): Belarus, $33.9M

Top Product (2019): N-butyl acetate, $12.5M

In 2019 the top export destinations of Ivanovo Region were Belarus ($33.9M), Kazakhstan ($31.5M), Germany ($11.8M), Ukraine ($11.4M), and Uzbekistan ($8.3M).

In 2019 the top exports of Ivanovo Region were N-butyl acetate ($12.5M), Buckets, shovels, grabs etc for excavating... ($7.94M), Parts of cranes, work-trucks, shovels, constr... ($7.1M), Electro-diagnostic apparatus, nes ($6.32M), and Plain weave cotton, >85% <100 g/m2,... ($6.31M).

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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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Depth
Year

Top Origin (2019): Uzbekistan, $164M

Top Import (2019): Cotton yarn >85% single uncombed 714-232..., $60.9M

In 2019 the top import origins of Ivanovo Region were Uzbekistan ($164M), China ($104M), Belarus ($42.2M), Turkey ($25.1M), and Italy ($23.7M).

In 2019 the top imports of Ivanovo Region were Cotton yarn >85% single uncombed 714-232... ($60.9M), Cotton yarn >85% single uncombed 232-192... ($39.5M), Parts of cranes, work-trucks, shovels, constr... ($27.9M), Plain weave cotton, >85% 100-200g/m2, unbleached ($23.6M), and Cotton yarn >85% single uncombed 192-125... ($19.5M).

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

This section shows forecasts for total exports and imports from IVANOVO 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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Ivanovo Region ranks 14th 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 Ivanovo Region already has a comparative advantage, are led by Iron Structures (0.09), Aluminium Structures (0.088), Refrigerators (0.088), Metal Mountings (0.088), and Trailers (0.088).

Most Complex Products by PCI

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The highest complexity exports of Ivanovo Region according to the product complexity index (PCI) are Milling Stones (1.33), Ketones and Quinones (1.26), Saturated Acyclic Monocarboxylic Acids (1.12), Other Iron Products (0.99), and Excavation Machinery (0.83). 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 (349), Light Pure Woven Cotton (191), Carbon (135), Saturated Acyclic Monocarboxylic Acids (118), and Ketones and Quinones (83.8).

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 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.