The transport and logistics vector of the Far East

30.08.2024

In the Gross Regional Product (GRP) structure of the Far Eastern Federal District (FEFD), the transport industry ranks second and maintains positive growth rates. In 2022, Gross Value Added (GVA) reached a value of 915 billion rubles, an increase of 15.7% in constant prices compared to 2020.

In terms of maritime transport, the FEFD accounts for 27% of Russia’s maritime traffic. The ports of the FEFD accounted for 44% of imports in 2023, almost a third (29%) of exports, and a fifth (22%) of coastal transportation.

Container traffic accounts for 11% of the maritime traffic of the FEFD. The increase in containerization will expand access to the world trade market and boost the GVA generated from ports for high-value cargo in containers.

The reorientation of imported goods towards the ports of Magadan, Petropavlovsk-Kamchatsky, Korsakov, and Kholmsk will optimize the workload at these ports, leading to a redistribution of transportation for the delivery of goods to final recipients. This may, in particular, reduce the use of limited cargo capacity at the Eastern landfill (for cargo originating from these ports) and increase use of the Northern Sea Route for coastal shipping.

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