Altai Territory

Federal subject in SIBERIAN FEDERAL DISTRICT, district of Russia

Exports (2019): $1.1B, Rnk 40/85

Top Destination (2019): $286M, Kazakhstan

Top Export (2019): $158M, Bituminous coal, not agglomerated

Imports (2019): $496M, Rnk 42/85

Top Origin (2019): $121M, China

Top Import (2019): $52.5M, Bar/rod, iron or non-alloy steel, indented...

Economic Complexity (2019): -0.48, Rnk 48 / 85

Overview: This page contains the latest international trade data for ALTAI TERRITORY, including export and import data.

Exports: In 2019, Russia's Altai Territory exported $1.1B, making it the 40th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Altai Territory were Bituminous coal, not agglomerated ($158M), Coke, semi-coke of coal, lignite, peat... ($114M), Wood; coniferous species, of pine (Pinus... ($77.6M), Commodities not specified according to kind ($49.2M), and Railway cars nes, open, with sides... ($46.4M).

Imports: In 2019, Russia's Altai Territory imported $496M, making it the 42nd largest importer out of the 85 importers in Russia. In 2019 top imports of Altai Territory were Bar/rod, iron or non-alloy steel, indented... ($52.5M), Bituminous coal, not agglomerated ($28M), Alloy steel pipe or tubing, except... ($17.9M), Fruit, edible: bananas, other than plantains,... ($11.3M), and Iron/non-alloy steel pipe or tubing, nes ($10.1M).

Economic Complexity: In 2019, the highest complexity exports of Altai Territory according to the product complexity index (PCI) are Locomotive Parts (0.99), Boiler Plants (0.71), Central Heating Boilers (0.7), Steam Boilers (0.55), and Soil Preparation Machinery (0.45). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
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Year

Top Destination (2019): Kazakhstan, $286M

Top Product (2019): Bituminous coal, not agglomerated, $158M

In 2019 the top export destinations of Altai Territory were Kazakhstan ($286M), China ($138M), Belarus ($93.8M), Uzbekistan ($68M), and Ukraine ($65.9M).

In 2019 the top exports of Altai Territory were Bituminous coal, not agglomerated ($158M), Coke, semi-coke of coal, lignite, peat... ($114M), Wood; coniferous species, of pine (Pinus... ($77.6M), Commodities not specified according to kind ($49.2M), and Railway cars nes, open, with sides... ($46.4M).

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Export Dynamics

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Fastest Growing Exports Destination (June 2019 - June 2020)

Rapidly Declining Export Origins (June 2019 - June 2020)

Yearly Imports

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Depth
Year

Top Origin (2019): China, $121M

Top Import (2019): Bar/rod, iron or non-alloy steel, indented..., $52.5M

In 2019 the top import origins of Altai Territory were China ($121M), Belarus ($115M), Kazakhstan ($105M), Germany ($40.7M), and Uzbekistan ($12.3M).

In 2019 the top imports of Altai Territory were Bar/rod, iron or non-alloy steel, indented... ($52.5M), Bituminous coal, not agglomerated ($28M), Alloy steel pipe or tubing, except... ($17.9M), Fruit, edible: bananas, other than plantains,... ($11.3M), and Iron/non-alloy steel pipe or tubing, nes ($10.1M).

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Import Dynamics

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Fastest Growing Import Origins (June 2019 - June 2020)

Rapidly Declining Import Origins (June 2019 - June 2020)

Comparison in Time

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This section shows differences between total trade from ALTAI TERRITORY throughout time.

This section shows forecasts for total exports and imports from ALTAI TERRITORY. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

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Economic Complexity

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Economic Complexity of Russia

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Altai Territory ranks 48th out of the 85 federal subjects in Russia according to ECI.

Estimated using exports data.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Altai Territory already has a comparative advantage, are led by Raw Iron Bars (0.14), Raw Aluminium (0.14), Petroleum Gas (0.14), Raw Sugar (0.14), and Wood Charcoal (0.13).

Most Complex Products by PCI

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The highest complexity exports of Altai Territory according to the product complexity index (PCI) are Locomotive Parts (0.99), Boiler Plants (0.71), Central Heating Boilers (0.7), Steam Boilers (0.55), and Soil Preparation Machinery (0.45). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Linseed (383), Railway Freight Cars (315), Coke (219), Processed Cereals (199), and Other Mineral (156).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Altai Territory is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  Altai Territory. These are products that tend to be co-exported with the products that Altai Territory exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth
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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.