Lipetsk Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

Exports (2019): $3.53B, Rnk 24/85

Top Destination (2019): $908M, Mexico

Top Export (2019): $1.75B, Semi-finished bars, iron or non-alloy steel...

Imports (2019): $1.16B, Rnk 22/85

Top Origin (2019): $239M, China

Top Import (2019): $91.6M, Zinc alloys unwrought

Economic Complexity (2019): -0.18, Rnk 27 / 85

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

Exports: In 2019, Russia's Lipetsk Region exported $3.53B, making it the 24th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Lipetsk Region were Semi-finished bars, iron or non-alloy steel... ($1.75B), Iron or non-alloy steel: in coils,... ($255M), Semi-finished products of alloy steel except... ($140M), Iron or non-alloy steel: in coils,... ($124M), and Steel, alloy: flat-rolled, width 600mm or... ($116M).

Imports: In 2019, Russia's Lipetsk Region imported $1.16B, making it the 22nd largest importer out of the 85 importers in Russia. In 2019 top imports of Lipetsk Region were Zinc alloys unwrought ($91.6M), Agricultural, bee-keeping plant nes, germination plan ($66.5M), Articles of stone or of other... ($40.9M), Casting machines used in metallurgy, foundries ($34.4M), and Manganese, articles thereof, waste or scrap ($27.7M).

Economic Complexity: In 2019, the highest complexity exports of Lipetsk Region according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.45), Flat-Rolled Iron (1.18), Household Washing Machines (0.78), Pig Meat (0.78), and Large Coated Flat-Rolled Iron (0.73). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): Mexico, $908M

Top Product (2019): Semi-finished bars, iron or non-alloy steel..., $1.75B

In 2019 the top export destinations of Lipetsk Region were Mexico ($908M), Turkey ($791M), Belgium ($697M), Denmark ($283M), and Belarus ($158M).

In 2019 the top exports of Lipetsk Region were Semi-finished bars, iron or non-alloy steel... ($1.75B), Iron or non-alloy steel: in coils,... ($255M), Semi-finished products of alloy steel except... ($140M), Iron or non-alloy steel: in coils,... ($124M), and Steel, alloy: flat-rolled, width 600mm or... ($116M).

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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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Top Origin (2019): China, $239M

Top Import (2019): Zinc alloys unwrought, $91.6M

In 2019 the top import origins of Lipetsk Region were China ($239M), Germany ($159M), Netherlands ($97.6M), Kazakhstan ($95.1M), and Italy ($93.9M).

In 2019 the top imports of Lipetsk Region were Zinc alloys unwrought ($91.6M), Agricultural, bee-keeping plant nes, germination plan ($66.5M), Articles of stone or of other... ($40.9M), Casting machines used in metallurgy, foundries ($34.4M), and Manganese, articles thereof, waste or scrap ($27.7M).

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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 LIPETSK REGION throughout time.

This section shows forecasts for total exports and imports from LIPETSK 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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Lipetsk Region ranks 27th 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 Lipetsk Region already has a comparative advantage, are led by Wheat Flours (0.067), Dried Legumes (0.065), Nitrogenous Fertilizers (0.065), Raw Iron Bars (0.064), and Particle Board (0.064).

Most Complex Products by PCI

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The highest complexity exports of Lipetsk Region according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.45), Flat-Rolled Iron (1.18), Household Washing Machines (0.78), Pig Meat (0.78), and Large Coated Flat-Rolled Iron (0.73). 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 Semi-Finished Iron (322), Steel Ingots (176), Pig Iron (123), Tar (85.9), and Cold-Rolled Iron (78.1).

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