Omsk Region

Federal subject in SIBERIAN FEDERAL DISTRICT, district of Russia

Exports (2019): $964M, Rnk 46/85

Top Destination (2019): $246M, Saudi Arabia

Top Export (2019): $245M, Commodities not specified according to kind

Imports (2019): $450M, Rnk 43/85

Top Origin (2019): $136M, Kazakhstan

Top Import (2019): $54M, Bearings, cylindrical roller, nes

Economic Complexity (2019): -0.073, Rnk 22 / 85

Exports: In 2019, Russia's Omsk Region exported $964M, making it the 46th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Omsk Region were Commodities not specified according to kind ($245M), Carbon (carbon blacks and other forms... ($179M), Acyclic ethers nes, derivatives of acyclic... ($47.1M), Saturated acyclic hydrocarbons ($41.7M), and Linseed ($31.1M).

Imports: In 2019, Russia's Omsk Region imported $450M, making it the 43rd largest importer out of the 85 importers in Russia. In 2019 top imports of Omsk Region were Bearings, cylindrical roller, nes ($54M), Air or gas compressors, hoods ($20M), Heat exchange units, non-domestic, non-electric ($16.4M), Milk not concentrated nor sweetened 1-6%... ($13.6M), and Transporter or bridge cranes ($13.2M).

Economic Complexity: In 2019, the highest complexity exports of Omsk Region according to the product complexity index (PCI) are Synthetic Rubber (1.14), Audio Alarms (0.93), Cyclic Hydrocarbons (0.78), Rock Wool (0.75), and Hydraulic Brake Fluid (0.72). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Value
Depth
Year

Top Destination (2019): Saudi Arabia, $246M

Top Product (2019): Commodities not specified according to kind, $245M

In 2019 the top export destinations of Omsk Region were Saudi Arabia ($246M), Kazakhstan ($211M), China ($62.7M), Poland ($52.2M), and Netherlands ($50.4M).

In 2019 the top exports of Omsk Region were Commodities not specified according to kind ($245M), Carbon (carbon blacks and other forms... ($179M), Acyclic ethers nes, derivatives of acyclic... ($47.1M), Saturated acyclic hydrocarbons ($41.7M), and Linseed ($31.1M).

Export Dynamics

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Fastest Growing Exports Destination (April 2019 - April 2020)

Rapidly Declining Export Origins (April 2019 - April 2020)

Value
Depth
Year

Top Origin (2019): Kazakhstan, $136M

Top Import (2019): Bearings, cylindrical roller, nes, $54M

In 2019 the top import origins of Omsk Region were Kazakhstan ($136M), China ($56.4M), Germany ($48.8M), Belarus ($23.3M), and Italy ($22.9M).

In 2019 the top imports of Omsk Region were Bearings, cylindrical roller, nes ($54M), Air or gas compressors, hoods ($20M), Heat exchange units, non-domestic, non-electric ($16.4M), Milk not concentrated nor sweetened 1-6%... ($13.6M), and Transporter or bridge cranes ($13.2M).

Import Dynamics

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Fastest Growing Import Origins (April 2019 - April 2020)

Rapidly Declining Import Origins (April 2019 - April 2020)

Comparison in Time

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Flow
Value

This section shows differences between total trade from OMSK REGION throughout time.

Comparison Map

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Start
End

The federal subjects of Russia with the highest exports in 2019 were Moscow, The Capital Of Russian Federation ($178B), St. Petersburg ($25.9B), Khanty-mansiysk Autonomous Area ($17.8B), Kemerovo Region ($13.9B), and Sakhalin Region ($13.9B)

The federal subjects of Russia with the highest imports in 2019 were Moscow, The Capital Of Russian Federation ($101B), Moscow Region ($25.9B), St. Petersburg ($21.8B), Kaliningrad Region ($7.56B), and Kaluga Region ($6.26B)

This section shows forecasts for total exports and imports from OMSK REGION. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

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Economic Complexity of Russia

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Omsk Region ranks 22nd out of the 85 federal subjects in Russia according to ECI.

Estimated using exports data.

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 Nitrogenous Fertilizers (0.13), Bran (0.13), Rough Wood (0.13), Other Vegetable Residues (0.13), and Raw Iron Bars (0.13).

Most Complex Products by PCI

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The highest complexity exports of Omsk Region according to the product complexity index (PCI) are Synthetic Rubber (1.14), Audio Alarms (0.93), Cyclic Hydrocarbons (0.78), Rock Wool (0.75), and Hydraulic Brake Fluid (0.72). 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 Carbon (735), Linseed (652), Ethers (59.6), Barley (49.9), and Rapeseed Oil (49.7).

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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Depth

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.