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 $3.2B, making it the 23rd 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... ($1.11B), Pig iron, non-alloy, <0.5% phosphorus ($448M), Iron or non-alloy steel: in coils,... ($261M), Sunflower-seed or safflower oil, crude ($129M), and Iron or non-alloy steel: in coils,... ($105M).

Imports In 2020, Russia's Lipetsk Region imported $1.11B, making it the 22nd largest importer out of the 85 importers in Russia. In 2020 top imports of Lipetsk Region were Seed: sugar beet seeds, of a... ($40.9M), Zinc alloys unwrought ($40.1M), Distilling or rectifying plant ($31.9M), Electric cooking, grilling & roasting equipment... ($27.5M), and Polyester based paints, varnishes, non-aqueous medium ($25.2M).

Economic Complexity In 2020, 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), Central Heating Boilers (0.9), Steel Ingots (0.87), and Refrigerators (0.7). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

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Yearly Exports

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Top Destination (2020): N/A, N/A

Top Product (2020): Semi-finished bars, iron or non-alloy steel..., $1.11B

In 2020 the top export destinations of Lipetsk Region were N/A.

In 2020 the top exports of Lipetsk Region were Semi-finished bars, iron or non-alloy steel... ($1.11B), Pig iron, non-alloy, <0.5% phosphorus ($448M), Iron or non-alloy steel: in coils,... ($261M), Sunflower-seed or safflower oil, crude ($129M), and Iron or non-alloy steel: in coils,... ($105M).

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Average price over time

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Air Pumps
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Exports Dynamics

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Fastest Growing Exports Destination (Jul 2020 - Jul 2021)

Rapidly Declining Export Origins (Jul 2020 - Jul 2021)

Yearly Imports

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Top Origin (2020): China, $217M

Top Import (2020): Seed: sugar beet seeds, of a..., $40.9M

In 2020 the top import origins of Lipetsk Region were China ($217M), Germany ($164M), Italy ($115M), Poland ($67.3M), and Belarus ($65.1M).

In 2020 the top imports of Lipetsk Region were Seed: sugar beet seeds, of a... ($40.9M), Zinc alloys unwrought ($40.1M), Distilling or rectifying plant ($31.9M), Electric cooking, grilling & roasting equipment... ($27.5M), and Polyester based paints, varnishes, non-aqueous medium ($25.2M).

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Imports Dynamics

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Fastest Growing Import Origins (Jul 2020 - Jul 2021)

Rapidly Declining Import Origins (Jul 2020 - Jul 2021)

Economic Complexity

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Economic Complexity of Russia

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Economic Complexity (2020): -0.3

Lipetsk Region ranks 34th 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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Economic Complexity Ranking

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The economic complexity of a territory can change year to year. Lipetsk Region it is in position 34th 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 (0.079), Wheat Flours (0.076), Raw Iron Bars (0.073), Chocolate (0.072), and Nitrogenous Fertilizers (0.071).

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), Central Heating Boilers (0.9), Steel Ingots (0.87), and Refrigerators (0.7). 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 Pig Iron (518.6), Semi-Finished Iron (220.2), Steel Ingots (98.1), Sunflower Seeds (74.1), and Cold-Rolled Iron (72.0).

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.