06 August 2020

As of August 4, 2020

Overall assessment of the socio-economic status of the region

January-June 2020 saw an upward trend in the industrial production in Tyumen region strongly impacted by processing enterprises. The farming industry is growing. The rollout of investment projects continues, with the lion’s share of investments made in the manufacture. Due to natural increment and migration, the population of the region is growing.

Industrial production

In January-June 2020, the industrial production index (IPI) hit 128.6% YoY (in the Russian Federation – 96.5%).

The growth rate across processing enterprises reached 171.2% (97.7% in the Russian Federation) with the following leading sectors:

- chemicals and chemical products (270.7% YoY);

- coke and petrochemicals (153.7%);

- machinery and equipment not listed in other categories (148.3%);

- rubber and plastics (139.2%);

- pharmaceuticals and medical materials (133.6%);

- computers, electronics and optics (128.5%);

- other vehicles and equipment (115.5%);

- motor vehicles, trailers and semi-trailers (113.5%);

- other non-metal mineral products (109.8%);

- finished metal products, except for machinery and equipment (106.5%).

The IPI in the mining industry reached 93.8% YoY (94.8% in the Russian Federation).

The IPI in electric power, gas and steam supply, air conditioning was 90.1% (97.0% in the Russian Federation).

As for water supply, wastewater disposal, waste collection and disposal, pollution elimination, the index reached 101.5% (94.6% in the Russian Federation).

Farming

In January-June 2020, farm produce reached ?23.4bn, with 101.0% IPI YoY based on LFL estimates.

In January-June 2020, farms of all categories produced 68.8 thousand tons of meat (live weight) – 102.6% YoY, 279.7 thousand tons of milk – 102.7%, 780.2mln eggs – 98.8%.

Farms increased milk production by 5.7% YoY, meat (live weight) by 3.6%, while eggs yield nudged down 1.5%.

Cattle productivity is notably growing. Milk yield per dairy cow across all farms (excluding small businesses) amounted to 3,902 kg in January-June 2020 (106.4% YoY), egg yield per hen reached 164 pcs. (100.6% YoY).

Construction

The volume of construction amounted to ?75.7bn in January-June 2020. The total volume of delivered homes (with residential buildings built on garden land) was 388.1 thousand sq. m. Per 1,000 people, the delivery amounted to 254.0 sq. m (1.3 times higher than the national average – 190.5 sq. m per 1,000 people). The share of housing built by residents amounted to 57.2% in the total delivery volume (222.0 thousand sq. m).

Investments

In January-March 2020, the volume of investments reached ?64.2bn (115.1% YoY in LFL prices).

The upward trend is mainly fueled by the growing investments in farming, forestry, hunting, fishing and fish farming (179.7% YoY), coke and petrochemicals (152.3%), transportation and storage (147.8%), real estate deals (124.0%), chemicals and chemical products (117.6%), crude oil and natural gas (102.2%).

The biggest investments were made in the manufacturing sector – 75.1% in the total volume of corporate investments (excluding small businesses). Investments in the processing sector amounted to 57.7% in the whole structure.

By per capita investments in January-March 2020, Tyumen region is 2.1 times ahead of the national average stats (ranks 9th among the regions of the Russian Federation) with ?42.0K and ?19.7K, respectively.

Consumer market

In January-June 2020, the cost of goods sold to population reached ?194.4bn (99.0% YoY in LFL prices). The cost of per capita goods sold hit ?127.2K (?103.4K in the Russian Federation). This indicator helped Tyumen tap into top 5 regions (ranks 5th) of the Russian Federation in January-June 2020.

In January-June 2020, according to preliminary stats, services provided to population hit ?41.7bn (83.3% YoY in LFL prices). Per capita services reached ?27.3K (?28.1K in the Russian Federation).

International trade

In January-May 2020, according to the Ural Customs Administration, the foreign trade turnover, including two-way commerce with the EEU member countries, amounted to $768.3mln (exports – $253.7mln and imports – $532.6mln). The negative trade balance stood at $278.9mln.

As for exports, the largest share (46.1%) accounted for chemicals (28-40 HS categories), primarily, organic chemical compounds and polypropylene. In January-May 2020, their exports reached $116.9mln.

Fuel and power ranks second (31.8% of all exports, HS category 27): mainly diesel fuel, HGL. In January-May 2020, their exports reached $80.7mln.

The exports of machinery, equipment and vehicles account for 10.0%, wood (plywood, lumber) – 5.5%; food and agricultural raw materials (except for textiles) – 4.3%.

The geographic reach includes mainly the Netherlands (22% of total exports), Poland (20.2%), Finland (15.4%), Germany (9.2%), Belgium (7.6%), Kazakhstan (6.1%), Sweden (4.2%), USA (2.7%).

In the commodity structure of imports, the largest share (62.4%) was machinery, equipment and vehicles (84-90 HS categories). The share of metals and metal products accounted for 20.2%, chemicals – 13.8%.

The core imports were sourced from China (28.4% of total imports), Italy (18.9%), Germany (12.0%), India (6.3%), France (4.6%), USA (4.5%), Republic of Korea (4.0%), Belgium (4.0%), the Netherlands (3.1%).

Labor & employment

The unemployment rate (according to the ILO’s method) averaged 5.0% in April-June 2020 (6.0% in the Russian Federation). The official unemployment amounted to 4.75% of the labor force as of 01.07.2020 (3.7% in the Russian Federation as of 01.07.2020). The number of unemployed people per vacancy in the regional talent market is 1.3 as of 01.07.2020.

Population

As of June 1, 2020, 1,540.3 thousand people lived in the region. In January-May 2020, the natural increment was 712 people, and 2,195 people including migrants. By absolute natural growth (January-May 2020), Tyumen ranks among top ten regions.