Altai TerritoryFederal subject in SIBERIAN FEDERAL DISTRICT, district of Russia
2019 Economic Complexity: -0.39, Rank 45 of 64
Nov 2020 Trade Exports | Imports: $91.9M | $30.7M, 43 of 85 | 51 of 84
Nov 2020 Country Destination | Origin: Kazakhstan | China , $29.3M | $8.96M
Nov 2020 Product Exports | Imports: Rapeseed | Raw Iron Bars , $11.2M | $3.08M
Overview: This page contains the latest international trade data for ALTAI TERRITORY, including export and import data.
Exports: In 2020, Russia's Altai Territory exported $838M, making it the 43rd largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Altai Territory were Wood; coniferous species, of pine (Pinus... ($62.1M), Coke, semi-coke of coal, lignite, peat... ($54.5M), Railway cars nes, closed and covered ($50.6M), Commodities not specified according to kind ($42.9M), and Oil seeds: low erucic acid rape... ($37.1M).
Imports: In 2020, Russia's Altai Territory imported $386M, making it the 42nd largest importer out of the 85 importers in Russia. In 2020 top imports of Altai Territory were Bar/rod, iron or non-alloy steel, indented... ($43.7M), Bituminous coal, not agglomerated ($22.6M), Fruit, edible: bananas, other than plantains,... ($18.3M), Polypropylene in primary forms ($12.9M), and Alloy steel pipe or tubing, except... ($8.2M).
Economic Complexity: In 2019, the highest complexity exports of Altai Territory according to the product complexity index (PCI) are Boiler Plants (0.94), Central Heating Boilers (0.9), Locomotive Parts (0.82), Soil Preparation Machinery (0.63), and Glands and Other Organs (0.55). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In November 2020 ALTAI TERRITORY exported $91.9M and imported $30.7M, resulting in a positive trade balance of $61.3M. Between November 2019 and November 2020 the exports of ALTAI TERRITORY have decreased by $-27.9M (-23.3%) from $120M to $91.9M, while imports decreased by $-19.8M (-39.3%) from $50.5M to $30.7M.
Trade: In November 2020, the top exports of ALTAI TERRITORY were Rapeseed ($11.2M), Linseed ($8.66M), Railway Freight Cars ($6.72M), Sunflower Seeds ($6.15M), and Commodities not elsewhere specified ($4.23M). In November 2020 the top imports of ALTAI TERRITORY were Raw Iron Bars ($3.08M), Bananas ($2.08M), Coal Briquettes ($1.79M), Iron Pipes ($828k), and Grapes ($746k).
Destinations: In November 2020, ALTAI TERRITORY exported mostly to Kazakhstan ($29.3M), China ($27.8M), Belarus ($5.17M), Uzbekistan ($4.18M), and United States ($4.01M), and imported mostly from China ($8.96M), Kazakhstan ($5.76M), Belarus ($5.15M), Ecuador ($2.1M), and Germany ($1.57M).
Growth: In November 2020, the decrease in ALTAI TERRITORY's year-by-year exports was explained primarily by an decrease in exports to Germany ($-7.72M or -89.9%), Turkey ($-5.04M or -93.8%), and Uzbekistan ($-4.8M or -53.4%), and product exports decrease in Coal Briquettes ($-23.2M or -99%), Coke ($-9.46M or -77.1%), and Engine Parts ($-4.52M or -93.7%). In November 2020, the decrease in ALTAI TERRITORY's year-by-year imports was explained primarily by an decrease in imports from Belarus ($-6.67M or -56.4%), Spain ($-5.68M or -93.5%), and China ($-3.84M or -30%), and product imports decrease in Iron Pipes ($-4.23M or -83.6%), Raw Iron Bars ($-2.55M or -45.3%), and Washing and Bottling Machines ($-2.07M or -74.8%).
EXPORT GROWTH (November 2019 - November 2020): $-27.9M, (-23.3%)
IMPORT GROWTH (November 2019 - November 2020): $-19.8M, (-39.3%)
This section shows exports and imports data at subnational level for ALTAI TERRITORY. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of ALTAI TERRITORY over time.
This section shows the differences between ALTAI TERRITORY's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Russia's country profile.
Top Destination (2020): Kazakhstan, $308M
Top Product (2020): Wood; coniferous species, of pine (Pinus..., $62.1M
In 2020 the top export destinations of Altai Territory were Kazakhstan ($308M), China ($141M), Uzbekistan ($58.9M), Belarus ($43.6M), and United States ($36.2M).
In 2020 the top exports of Altai Territory were Wood; coniferous species, of pine (Pinus... ($62.1M), Coke, semi-coke of coal, lignite, peat... ($54.5M), Railway cars nes, closed and covered ($50.6M), Commodities not specified according to kind ($42.9M), and Oil seeds: low erucic acid rape... ($37.1M).
Fastest Growing Exports Destination (Nov 2019 - Nov 2020)
Rapidly Declining Export Origins (Nov 2019 - Nov 2020)
Top Origin (2020): China, $98.4M
Top Import (2020): Bar/rod, iron or non-alloy steel, indented..., $43.7M
In 2020 the top import origins of Altai Territory were China ($98.4M), Kazakhstan ($87.5M), Belarus ($76.6M), Uzbekistan ($19.1M), and Ecuador ($18.4M).
In 2020 the top imports of Altai Territory were Bar/rod, iron or non-alloy steel, indented... ($43.7M), Bituminous coal, not agglomerated ($22.6M), Fruit, edible: bananas, other than plantains,... ($18.3M), Polypropylene in primary forms ($12.9M), and Alloy steel pipe or tubing, except... ($8.2M).
Altai Territory ranks 45th out of the 85 districts in Russia according to ECI.
Estimated using exports data.
The economic complexity of a territory can change year to year. Altai Territory it is in position 45th considering its ECI in the last year.
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 (0.13), Raw Sugar (0.13), Petroleum Gas (0.13), and Wood Charcoal (0.13).
The highest complexity exports of Altai Territory according to the product complexity index (PCI) are Boiler Plants (0.94), Central Heating Boilers (0.9), Locomotive Parts (0.82), Soil Preparation Machinery (0.63), and Glands and Other Organs (0.55). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Linseed (414), Railway Freight Cars (269), Coke (205), Processed Cereals (196), and Other Mineral (143).
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.
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.
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