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District in Russia

2021
Economic
Complexity -1.09Rank 8 of 8
Jan 2022
Trade
Exports | Imports $2.56B | $945M6 of 8 | 5 of 8
Jan 2022
Country
Destination | Origin South Korea | China $892M  | $478M

About

Overview This page contains the latest international trade data for FAR EAST FEDERAL DISTRICT. In January 2022 FAR EAST FEDERAL DISTRICT was the number 6 in total exports and the number 6 in total imports in Russia.

Exports In 2021, Russia's Far East Federal District exported $2.56B, making it the 6th largest exporter out of the 8 exporters in Russia. In 2021 the top exports of Far East Federal District were Petroleum oils, oils from bituminous minerals,... ($7.11B), Diamonds (jewellery) unworked or simply sawn,... ($3.3B), Bituminous coal, not agglomerated ($3.22B), Natural gas, liquefied ($2.53B), and Crustaceans; live, fresh or chilled, crabs,... ($922M).

Imports In 2021, Russia's Far East Federal District imported $945M, making it the 6th largest importer out of the 8 importers in Russia. In 2021 top imports of Far East Federal District were Tankers ($447M), For passenger carrying vehicles ($443M), Portable Computers under 10kg with Keyboard... ($409M), Telephones for cellular networks or for... ($375M), and Precious metal ores and concentrates except... ($358M).

Economic Complexity In 2021, the highest complexity exports of Far East Federal District according to the product complexity index (PCI) are Peat (0.48), Aluminium Powder (-0.038), Oats (-0.13), Kraft Paper (-0.15), Fuel Wood (-0.32), Electricity (-0.39), Scrap Iron (-0.55), Veneer Sheets (-0.75), Semi-Finished Iron (-0.77), and Radioactive Chemicals (-0.79). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2022

About

Overview In January 2022 FAR EAST FEDERAL DISTRICT exported $2.56B and imported $945M, resulting in a positive trade balance of $1.61B. Between January 2021 and January 2022 the exports of FAR EAST FEDERAL DISTRICT have increased by $1.1B (75.5%) from $1.46B to $2.56B, while imports increased by $406M (75.2%) from $539M to $945M.

Trade In January 2022, the top exports of FAR EAST FEDERAL DISTRICT were Crude Petroleum ($677M), Petroleum Gas ($627M), Coal Briquettes ($329M), Diamonds ($296M), and Crustaceans ($112M). In January 2022 the top imports of FAR EAST FEDERAL DISTRICT were Fishing Ships ($114M), Computers ($55.4M), Precious Metal Ore ($44.9M), Telephones ($37.1M), and Office Machine Parts ($27.7M).

Destinations In January 2022, FAR EAST FEDERAL DISTRICT exported mostly to South Korea ($892M), China ($708M), Japan ($328M), Belgium ($127M), and India ($85.1M), and imported mostly from China ($478M), Turkey ($107M), Japan ($76.9M), South Korea ($76.4M), and Kazakhstan ($40.5M).

Growth In January 2022, the increase in FAR EAST FEDERAL DISTRICT's year-by-year exports was explained primarily by an increase in exports to China ($82.7M or 24.4%), United Arab Emirates ($68.6M or 116%), and Philippines ($11.7M or 65.6%), and product exports increase in Soybeans ($272M or 1.46k%), Scrap Iron ($32.8M or 232%), and Semi-Finished Iron ($11.4M or 64.8%). In January 2022, the increase in FAR EAST FEDERAL DISTRICT's year-by-year imports was explained primarily by an increase in imports from United States ($12.6M or 91.5%), South Korea ($8.27M or 17.5%), and Finland ($5.16M or 596%), and product imports increase in Electric Soldering Equipment ($16.4M or 8.11k%), Stone Processing Machines ($12.1M or 411%), and Refined Petroleum ($11.4M or 205%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (January 2021 - January 2022)$1.1B(75.5%)
IMPORT GROWTH (January 2021 - January 2022)$406M(75.2%)

This section shows exports and imports data at subnational level for FAR EAST FEDERAL DISTRICT. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of FAR EAST FEDERAL DISTRICT over time.

For full datasets download visit Bulk Download page.

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FAR EAST FEDERAL DISTRICT's Monthly Exports
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FAR EAST FEDERAL DISTRICT's Products Exports (Jan 2022)
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FAR EAST FEDERAL DISTRICT's Exports Destinations (Jan 2022)
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Historical Data

Yearly Exports

Color
Depth
Top Destination (2021)South Korea$9.03B
Top Product (2021)Petroleum oils, oils from bituminous minerals,...$7.11B

In 2021 the top export destinations of Far East Federal District were South Korea ($9.03B), China ($8.87B), Japan ($4.01B), Belgium ($1.55B), and United Arab Emirates ($1.07B).

In 2021 the top exports of Far East Federal District were Petroleum oils, oils from bituminous minerals,... ($7.11B), Diamonds (jewellery) unworked or simply sawn,... ($3.3B), Bituminous coal, not agglomerated ($3.22B), Natural gas, liquefied ($2.53B), and Crustaceans; live, fresh or chilled, crabs,... ($922M).

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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)
South Korea $414M (86.7%)
China $286M (67.9%)
Japan $246M (300%)
Rapidly Declining Export Origins (Jan 2021 - Jan 2022)
United Arab Emirates -$64.3M (-50.4%)
Vietnam -$5.64M (-66.3%)
Switzerland -$2.39M (-44.5%)

Export Destinations of FAR EAST FEDERAL DISTRICT (Jan 2021 - Jan 2022)

Yearly Imports

Color
Depth
Top Origin (2021)China$5.15B
Top Import (2021)Tankers$447M

In 2021 the top import origins of Far East Federal District were China ($5.15B), South Korea ($1.33B), Japan ($1.26B), Kazakhstan ($378M), and United States ($323M).

In 2021 the top imports of Far East Federal District were Tankers ($447M), For passenger carrying vehicles ($443M), Portable Computers under 10kg with Keyboard... ($409M), Telephones for cellular networks or for... ($375M), and Precious metal ores and concentrates except... ($358M).

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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 $171M (55.4%)
Turkey $104M (3.42k%)
Kazakhstan $28.7M (242%)
Rapidly Declining Import Origins (Jan 2021 - Jan 2022)
United States -$7.29M (-27.7%)
Finland -$5.05M (-83.7%)
Unknown -$3.42M (-70.5%)

Import Origins of FAR EAST FEDERAL DISTRICT (Jan 2021 - Jan 2022)

Economic Complexity

Economic Complexity of Far East Federal District

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Economic Complexity (2021)-1.09

Far East Federal District ranks 8th out of the 8 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. Far East Federal District it is in position 8th considering its ECI in the last year.

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ECI Rank by District

Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Far East Federal District already has a comparative advantage, are led by Cobalt (0.08), Wool (0.072), Gold (0.068), Ferroalloys (0.06), and Ammonia (0.06).

Most Complex Products by PCI

The highest complexity exports of Far East Federal District according to the product complexity index (PCI) are Peat (0.48), Aluminium Powder (-0.038), Oats (-0.13), Kraft Paper (-0.15), Fuel Wood (-0.32), Electricity (-0.39), Scrap Iron (-0.55), Veneer Sheets (-0.75), Semi-Finished Iron (-0.77), and Radioactive Chemicals (-0.79). 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 Lignite (86.79), Non-fillet Frozen Fish (54.57), Boron (42.09), Crustaceans (40.34), and Precious Metal Ore (35.81).

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 Far East Federal District 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  Far East Federal District. These are products that tend to be co-exported with the products that Far East Federal District 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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