Analysis of the Main Indicators of Foreign Trade of the Irkutsk Region

The development of the economy of any state is inextricably linked with effective foreign trade, which allows not only to obtain the necessary goods and services, but also to develop its own labor, intellectual and production resources. The dynamic change in Russia`s economic and political relations with the world community leads to a complication in the development of foreign economic relations between states. The introduction of sanctions against the Russian Federation makes the policy of import substitution relevant for our country, since it will allow to expand production capacity, develop own production, and increase the competitiveness of products. In these conditions, the economic development of the state will largely depend on the formation of a stable regional economy, including the development of foreign trade of the constituent entities of the Russian Federation. This will provide an opportunity to build a new policy of foreign trade relations in the system of international relations. The Irkutsk region is one of the promising regions in the development of export-import operations. It is explained by the availability of natural, transport and material resources, and favorable geographical location. In recent years, the economy of the Irkutsk region has undergone significant changes and has shown growth rates in many industries. In this regard, the analysis of the main indicators of foreign trade in the region was carried out: the dynamics of the volume of foreign trade turnover for 2011–2021 was shown, the commodity structure of exports and imports was examined, and conclusions were drawn.