Republic Of Bashkortostan

Federal subject in VOLGA FEDERAL DISTRICT, district of Russia

Exports (2019): $4.05B, Rnk 20/85

Top Destination (2019): $743M, Latvia

Top Export (2019): $1.33B, Light petroleum distillates nes

Imports (2019): $720M, Rnk 31/85

Top Origin (2019): $188M, China

Top Import (2019): $37.1M, Machinery for liquefying air or other...

Economic Complexity (2019): -0.023, Rnk 17 / 85

Overview: This page contains the latest international trade data for REPUBLIC OF BASHKORTOSTAN, including export and import data.

Exports: In 2019, Russia's Republic Of Bashkortostan exported $4.05B, making it the 20th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Republic Of Bashkortostan were Light petroleum distillates nes ($1.33B), Turbo-jet engines of a thrust >... ($706M), Petroleum spirit for motor vehicles ($453M), Petroleum oils, oils from bituminous minerals,... ($201M), and Styrene ($100M).

Imports: In 2019, Russia's Republic Of Bashkortostan imported $720M, making it the 31st largest importer out of the 85 importers in Russia. In 2019 top imports of Republic Of Bashkortostan were Machinery for liquefying air or other... ($37.1M), Surveying, etc instruments nes ($35.5M), Combined refrigerator-freezers, two door ($26.8M), Taps, cocks, valves and similar appliances,... ($23.9M), and Blood, human or animal, antisera, other... ($20.7M).

Economic Complexity: In 2019, the highest complexity exports of Republic Of Bashkortostan according to the product complexity index (PCI) are Gas and Liquid Flow Measuring Instruments (1.4), Phenols (1.35), Synthetic Rubber (1.14), Iron Springs (1.12), and Unsaturated Acyclic Monocarboxylic Acids (1.05). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): Latvia, $743M

Top Product (2019): Light petroleum distillates nes, $1.33B

In 2019 the top export destinations of Republic Of Bashkortostan were Latvia ($743M), China ($606M), Kazakhstan ($315M), Belarus ($308M), and Malta ($284M).

In 2019 the top exports of Republic Of Bashkortostan were Light petroleum distillates nes ($1.33B), Turbo-jet engines of a thrust >... ($706M), Petroleum spirit for motor vehicles ($453M), Petroleum oils, oils from bituminous minerals,... ($201M), and Styrene ($100M).

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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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Year

Top Origin (2019): China, $188M

Top Import (2019): Machinery for liquefying air or other..., $37.1M

In 2019 the top import origins of Republic Of Bashkortostan were China ($188M), Belarus ($78.9M), Germany ($66.8M), United States ($61.2M), and Italy ($46.7M).

In 2019 the top imports of Republic Of Bashkortostan were Machinery for liquefying air or other... ($37.1M), Surveying, etc instruments nes ($35.5M), Combined refrigerator-freezers, two door ($26.8M), Taps, cocks, valves and similar appliances,... ($23.9M), and Blood, human or animal, antisera, other... ($20.7M).

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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 REPUBLIC OF BASHKORTOSTAN throughout time.

This section shows forecasts for total exports and imports from REPUBLIC OF BASHKORTOSTAN. 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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Republic Of Bashkortostan ranks 17th 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 Republic Of Bashkortostan already has a comparative advantage, are led by Petroleum Gas (0.11), Iron Reductions (0.1), Sulphur (0.098), Iron Ore (0.096), and Raw Aluminium (0.094).

Most Complex Products by PCI

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The highest complexity exports of Republic Of Bashkortostan according to the product complexity index (PCI) are Gas and Liquid Flow Measuring Instruments (1.4), Phenols (1.35), Synthetic Rubber (1.14), Iron Springs (1.12), and Unsaturated Acyclic Monocarboxylic Acids (1.05). 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 Carbonates (59.5), Asphalt (45.6), Linseed (33.8), Particle Board (29.1), and Unsaturated Acyclic Monocarboxylic Acids (25.8).

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 Republic Of Bashkortostan 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  Republic Of Bashkortostan. These are products that tend to be co-exported with the products that Republic Of Bashkortostan 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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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.