Omsk Region

Federal subject in SIBERIAN FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: -0.029, Rank 17 of 64

Nov 2020
Trade
Exports | Imports
: $72.1M | $38.8M, 48 of 85 | 44 of 84

Nov 2020
Country
Destination | Origin
: Kazakhstan | Kazakhstan , $21.4M  | $10M

Nov 2020
Product
Exports | Imports
: Carbon | Ball Bearings , $9.32M  | $3.8M

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

Exports: In 2020, Russia's Omsk Region exported $721M, making it the 46th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Omsk Region were Commodities not specified according to kind ($121M), Carbon (carbon blacks and other forms... ($101M), Polypropylene in primary forms ($48.3M), Cereals: wheat and meslin, other than... ($34.7M), and Styrene-butadiene rubber (SBR/XSBR) except latex ($31.6M).

Imports: In 2020, Russia's Omsk Region imported $346M, making it the 44th largest importer out of the 85 importers in Russia. In 2020 top imports of Omsk Region were Bearings, cylindrical roller, nes ($28.8M), Supported catalysts, precious metal based ($22.4M), Milk not concentrated nor sweetened 1-6%... ($13.7M), Supported catalysts, except nickel or precious... ($11.9M), and Beer made from malt ($11.5M).

Economic Complexity: In 2019, the highest complexity exports of Omsk Region according to the product complexity index (PCI) are Audio Alarms (1.02), Synthetic Rubber (0.95), Other Agricultural Machinery (0.93), Rock Wool (0.73), and Cyclic Hydrocarbons (0.67). 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 OMSK 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): Kazakhstan, $189M

Top Product (2020): Commodities not specified according to kind, $121M

In 2020 the top export destinations of Omsk Region were Kazakhstan ($189M), Saudi Arabia ($122M), China ($84.3M), Turkey ($41.5M), and Poland ($24M).

In 2020 the top exports of Omsk Region were Commodities not specified according to kind ($121M), Carbon (carbon blacks and other forms... ($101M), Polypropylene in primary forms ($48.3M), Cereals: wheat and meslin, other than... ($34.7M), and Styrene-butadiene rubber (SBR/XSBR) except latex ($31.6M).

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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): Kazakhstan, $94.5M

Top Import (2020): Bearings, cylindrical roller, nes, $28.8M

In 2020 the top import origins of Omsk Region were Kazakhstan ($94.5M), China ($52.4M), Belgium ($25.7M), United States ($23.3M), and Italy ($20.4M).

In 2020 the top imports of Omsk Region were Bearings, cylindrical roller, nes ($28.8M), Supported catalysts, precious metal based ($22.4M), Milk not concentrated nor sweetened 1-6%... ($13.7M), Supported catalysts, except nickel or precious... ($11.9M), and Beer made from malt ($11.5M).

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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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Omsk Region ranks 17th 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. Omsk Region it is in position 17th 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 Omsk Region already has a comparative advantage, are led by Other Vegetable Residues (0.12), Bran (0.12), Nitrogenous Fertilizers (0.12), Molasses (0.12), and Raw Iron Bars (0.12).

Most Complex Products by PCI

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The highest complexity exports of Omsk Region according to the product complexity index (PCI) are Audio Alarms (1.02), Synthetic Rubber (0.95), Other Agricultural Machinery (0.93), Rock Wool (0.73), and Cyclic Hydrocarbons (0.67). 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 Linseed (705), Carbon (693), Ethers (62.1), Rapeseed Oil (52.4), and Barley (50.6).

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