Foreign Trade of the Far Eastern Federal District: Regional Characteristics During the COVID-19 Pandemic

ERI FEB RAS	Issue's contents	RUS
	Regionalistica 2022 Volume 9 number 3 pages 22-37

Title of the article	Foreign Trade of the Far Eastern Federal District: Regional Characteristics During the COVID-19 Pandemic
Pages	22-37
Author	Mazitova Marina Gamilovna research fellow Economic Research Institute FEB RAS 153, Tikhookeanskaya Street, Khabarovsk, Russia, 680042 This email address is being protected from spambots. You need JavaScript enabled to view it. ORCID: 0000-0002-7978-7904
Abstract	The article reviews estimates of foreign trade indicators of the Far Eastern Federal District during the COVID-19 pandemic in 2020–2021. The factors of the dynamics of foreign trade indicators of the macroregion are determined, the commodity, territorial and geographical structures of exports and imports are examines. COVID-19 pandemic restrictions caused a large-scale decrease in economic activity and in volume of foreign trade of the Far Eastern Federal District at the beginning of the pandemic. The situation stabilized in late 2020 – early 2021. Dramatic reduction in the volume of exports of the Far Eastern Federal District in 2020 was due to a decrease in the prices of oil, natural gas, and metals. A decrease in supplies, in the level of economic activity in the country and effective demand under COVID-19 pandemic restrictions caused a decrease in the volume of imports of the Far Eastern Federal District in 2020. The volume of export of the Far Eastern Federal District recovered in 2021 due to a significant increase in prices for most goods exported by the macroregion. The volume of imports increased due to high prices and increased demand for imported products. The commodity, territorial and geographical structures of foreign trade of the Far Eastern Federal District have not changed in 2020–2021. The export of the macroregion mainly consisted of the products of fuel and energy, mineral resources, fisheries and forestry complexes. Machinery and electrical equipment, vehicles, metals, chemical and food products were the basis of the macroregion’s imports. The leaders in foreign trade turnover were the Sakhalin Region, Primorsky Krai, the Republic of Sakha (Yakutia), Khabarovsk Krai. China, the Republic of Korea and Japan have been the main partners for many years, which determined the volume of exports and imports and the structure of foreign trade of the Far Eastern Federal District. A significant redistribution of export supplies from the Far Eastern Federal District between the countries occurred in 2020–2021 due to the China’s restrictive measures on imported products, as well as geopolitical problems of China.
Code	332+339
DOI	10.14530/reg.2022.3.22
Keywords	Far Eastern Federal District ♦ foreign trade ♦ export ♦ import ♦ COVID-19 pandemic
Download	2022-03.22.pdf
For citation	Mazitova M.G. Foreign Trade of the Far Eastern Federal District: Regional Characteristics During the COVID-19 Pandemic. Regionalistica [Regionalistics]. 2022. Vol. 9. No. 3. Pp. 22–37. http://dx.doi.org/10.14530/reg.2022.3.22 (In Russian)
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