Comparative Trade Intensity of the Russian Far East: Sectoral Aspect

Abstract

The article analyzes the dynamics of the comparative intensity of trade in the Russian Far East within the «new» territorial borders. This analysis was carried out on the basis of decomposition estimates of trade within the economic sectors of the Far East in 2012–2021. The dominance of the external market (foreign countries and other regions of Russia) in the total trade turnover of the Far East has been revealed. It is shown that in the Far East the process of trade «consolidation» between regions continued. The product groups that form the basis of trade within the Far East have been identified: food industry products, mineral products, metals, wood and other goods consisting of construction materials. It is shown that due to the incoming trade flows of mineral products, engineering products, food products, metals and chemical industry products into the macroregion, the Far Eastern market was closely «linked» to the market of other regions of Russia. The macroregion’s trade turnover with foreign countries was based on massive exports of raw materials and imports of various products, allowing for the generation of positive effects for the Far Eastern economy based on its existing comparative advantages. Using the obtained estimates of the localization index, it was discovered that trade in the internal market of the Far East remains high. However, this intensity tended to weaken, indicating a shift in the intensity of the Far Eastern trade from internal market to external market. It was found that high trade intensity within the Far East was generated by trade interactions only in some economic sectors: food products; mineral products; chemical industry products; wood; metals; other goods; leather raw materials and furs. It was revealed that high values of trade intensity between the Far Eastern regions were supported only by the exchange of food products, metals, as well as raw hides and furs. The main source of the decrease in the intensity of trade between the Far Eastern regions has been discovered – a reduction in the exchange of mineral products

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