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Overview This page contains the latest international trade data for LIPETSK REGION. In January 2022 LIPETSK REGION was the number 17 in total exports and the number 24 in total imports in Russia.

Exports In 2021, Russia's Lipetsk Region exported $606M, making it the 17th largest exporter out of the 85 exporters in Russia. In 2021 the top exports of Lipetsk Region were Semi-finished bars, iron or non-alloy steel... ($3.82B), Semi-finished products of alloy steel except... ($381M), Pig iron, non-alloy, <0.5% phosphorus ($379M), Iron/Steel Sheets: Thin, Hot-Rolled, Wide Coils ($313M), and Sunflower-seed or safflower oil, crude ($251M).

Imports In 2021, Russia's Lipetsk Region imported $117M, making it the 24th largest importer out of the 85 importers in Russia. In 2021 top imports of Lipetsk Region were Seed: sugar beet seeds, of a... ($50.1M), Zinc alloys unwrought ($46.6M), Metal treating machines, electric wire coil-winders ($45.8M), Manganese, articles thereof, waste or scrap ($43.3M), and Seeders, planters and transplanters; no-till direct... ($33M).

Economic Complexity In 2021, the highest complexity exports of Lipetsk Region according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.44), Flat-Rolled Iron (1.28), Other Agricultural Machinery (0.93), Large Flat-Rolled Iron (0.74), Refrigerators (0.48), Hot-Rolled Iron (0.46), Household Washing Machines (0.42), Steel Ingots (0.39), Rapeseed Oil (0.29), and Stranded Iron Wire (0.26). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2021)Mexico$2.11B

In 2021 the top export destinations of Lipetsk Region were Mexico ($2.11B), Belgium ($1.9B), Turkey ($1.3B), Denmark ($333M), and Belarus ($211M).

In 2021 the top exports of Lipetsk Region were Semi-finished bars, iron or non-alloy steel... ($3.82B), Semi-finished products of alloy steel except... ($381M), Pig iron, non-alloy, <0.5% phosphorus ($379M), Iron/Steel Sheets: Thin, Hot-Rolled, Wide Coils ($313M), and Sunflower-seed or safflower oil, crude ($251M).

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Exports (2021)
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Destinations (2021)
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Exports Dynamics

Fastest Growing Exports Destination (Jan 2021 - Jan 2022)
Mexico $105M (98.1%)
Turkey $75.4M (74.7%)
Denmark $26.2M (7.93k%)
Rapidly Declining Export Origins (Jan 2021 - Jan 2022)
Belgium -$79M (-41.4%)
China -$15.9M (-95.6%)
Unknown -$1.66M (-92.1%)

Export Destinations of LIPETSK REGION (Jan 2021 - Jan 2022)

Yearly Imports

Color
Depth
Top Origin (2021)China$271M
Top Import (2021)Seed: sugar beet seeds, of a...$50.1M

In 2021 the top import origins of Lipetsk Region were China ($271M), Germany ($242M), Italy ($163M), Poland ($79.5M), and Belarus ($63.4M).

In 2021 the top imports of Lipetsk Region were Seed: sugar beet seeds, of a... ($50.1M), Zinc alloys unwrought ($46.6M), Metal treating machines, electric wire coil-winders ($45.8M), Manganese, articles thereof, waste or scrap ($43.3M), and Seeders, planters and transplanters; no-till direct... ($33M).

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Imports (2021)
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Origins (2021)
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Imports Dynamics

Fastest Growing Import Origins (Jan 2021 - Jan 2022)
China $17.1M (126%)
Italy $8.97M (190%)
Germany $7.39M (75.1%)
Rapidly Declining Import Origins (Jan 2021 - Jan 2022)
France -$10.3M (-94.9%)
United States -$1.8M (-57.5%)
Belarus -$1.47M (-31.7%)

Import Origins of LIPETSK REGION (Jan 2021 - Jan 2022)

Economic Complexity

Economic Complexity of Lipetsk Region

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Economic Complexity (2021)-0.32

Lipetsk Region ranks 38th 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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ECI comparison Russia between districts (2021)

Economic Complexity Ranking

Value

The economic complexity of a territory can change year to year. Lipetsk Region it is in position 38th considering its ECI in the last year.

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ECI Rank by Subnat Geography

Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Lipetsk Region already has a comparative advantage, are led by Dried Legumes (0.059), Wheat Flours (0.058), Buckwheat (0.058), Sorghum (0.054), and Raw Iron Bars (0.054).

Most Complex Products by PCI

The highest complexity exports of Lipetsk Region according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.44), Flat-Rolled Iron (1.28), Other Agricultural Machinery (0.93), Large Flat-Rolled Iron (0.74), Refrigerators (0.48), Hot-Rolled Iron (0.46), Household Washing Machines (0.42), Steel Ingots (0.39), Rapeseed Oil (0.29), and Stranded Iron Wire (0.26). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Semi-Finished Iron (331.10), Steel Ingots (289.53), Pig Iron (182.12), Cold-Rolled Iron (55.37), and Tar (48.43).

Product Space

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

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. Bubble size corresponds to exports value by year 2020.

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