Lipetsk Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: -0.33, Rank 39 of 64

Nov 2020
Trade
Exports | Imports
: $139M | $94.2M, 32 of 85 | 22 of 84

Nov 2020
Country
Destination | Origin
: Turkey | China , $57.7M  | $21.1M

Nov 2020
Product
Exports | Imports
: Hot-Rolled Iron | Electric Heaters , $37.8M  | $5.25M

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

Exports: In 2020, Russia's Lipetsk Region exported $2.75B, making it the 22nd largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Lipetsk Region were Semi-finished bars, iron or non-alloy steel... ($1B), Pig iron, non-alloy, <0.5% phosphorus ($296M), Iron or non-alloy steel: in coils,... ($226M), Sunflower-seed or safflower oil, crude ($125M), and Steel, alloy: flat-rolled, width 600mm or... ($94.2M).

Imports: In 2020, Russia's Lipetsk Region imported $985M, making it the 22nd largest importer out of the 85 importers in Russia. In 2020 top imports of Lipetsk Region were Zinc alloys unwrought ($35.6M), Seed: sugar beet seeds, of a... ($35.3M), Distilling or rectifying plant ($31.1M), Polyester based paints, varnishes, non-aqueous medium ($24M), and Agricultural, bee-keeping plant nes, germination plan ($23.5M).

Economic Complexity: In 2019, the highest complexity exports of Lipetsk Region according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.47), Flat-Rolled Iron (1.25), Other Agricultural Machinery (0.93), Steel Ingots (0.87), and Pig Meat (0.81). 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 LIPETSK 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): Turkey, $826M

Top Product (2020): Semi-finished bars, iron or non-alloy steel..., $1B

In 2020 the top export destinations of Lipetsk Region were Turkey ($826M), Mexico ($541M), Belgium ($455M), United States ($113M), and Denmark ($110M).

In 2020 the top exports of Lipetsk Region were Semi-finished bars, iron or non-alloy steel... ($1B), Pig iron, non-alloy, <0.5% phosphorus ($296M), Iron or non-alloy steel: in coils,... ($226M), Sunflower-seed or safflower oil, crude ($125M), and Steel, alloy: flat-rolled, width 600mm or... ($94.2M).

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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): China, $196M

Top Import (2020): Zinc alloys unwrought, $35.6M

In 2020 the top import origins of Lipetsk Region were China ($196M), Germany ($147M), Italy ($90.2M), Belarus ($60.2M), and Poland ($58.8M).

In 2020 the top imports of Lipetsk Region were Zinc alloys unwrought ($35.6M), Seed: sugar beet seeds, of a... ($35.3M), Distilling or rectifying plant ($31.1M), Polyester based paints, varnishes, non-aqueous medium ($24M), and Agricultural, bee-keeping plant nes, germination plan ($23.5M).

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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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Lipetsk Region ranks 39th 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. Lipetsk Region it is in position 39th 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 Lipetsk Region already has a comparative advantage, are led by Dried Legumes (0.069), Wheat Flours (0.066), Soybeans (0.066), Raw Iron Bars (0.065), and Rapeseed Oil (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 (1.47), Flat-Rolled Iron (1.25), Other Agricultural Machinery (0.93), Steel Ingots (0.87), and Pig Meat (0.81). 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 (313), Steel Ingots (181), Pig Iron (121), Cold-Rolled Iron (80.8), and Tar (78.5).

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.