Republic Of BashkortostanFederal subject in VOLGA FEDERAL DISTRICT, district of Russia
2019 Economic Complexity: -0.091, Rank 24 of 64
Nov 2020 Trade Exports | Imports: $210M | $64.2M, 28 of 85 | 27 of 84
Nov 2020 Country Destination | Origin: China | China , $55M | $11.9M
Nov 2020 Product Exports | Imports: Refined Petroleum | Chocolate , $47.5M | $5.15M
Overview: This page contains the latest international trade data for REPUBLIC OF BASHKORTOSTAN, including export and import data.
Exports: In 2020, Russia's Republic Of Bashkortostan exported $2.22B, making it the 27th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Republic Of Bashkortostan were Turbo-jet engines of a thrust >... ($461M), Light petroleum distillates nes ($438M), Petroleum spirit for motor vehicles ($277M), Petroleum oils, oils from bituminous minerals,... ($91.8M), and Disodium carbonate ($57.9M).
Imports: In 2020, Russia's Republic Of Bashkortostan imported $554M, making it the 33rd largest importer out of the 85 importers in Russia. In 2020 top imports of Republic Of Bashkortostan were Blood, human or animal, antisera, other... ($28.1M), Combined refrigerator-freezers, two door ($22M), Beer made from malt ($18.9M), Plastic sheet, film, foil or strip,... ($11.6M), and Heterocyclic compounds: containing a quinoline or... ($11.4M).
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 (1.43), Phenols (1.41), Iron Springs (1.06), Unsaturated Acyclic Monocarboxylic Acids (1.01), and Synthetic Rubber (0.95). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In November 2020 REPUBLIC OF BASHKORTOSTAN exported $210M and imported $64.2M, resulting in a positive trade balance of $146M. Between November 2019 and November 2020 the exports of REPUBLIC OF BASHKORTOSTAN have increased by $8.76M (4.35%) from $201M to $210M, while imports decreased by $-3.2M (-4.74%) from $67.4M to $64.2M.
Trade: In November 2020, the top exports of REPUBLIC OF BASHKORTOSTAN were Refined Petroleum ($47.5M), Gas Turbines ($47.4M), Seed Oils ($13.5M), Crude Petroleum ($10.3M), and Synthetic Rubber ($9.39M). In November 2020 the top imports of REPUBLIC OF BASHKORTOSTAN were Chocolate ($5.15M), Beer ($5.04M), Blood, antisera, vaccines, toxins and cultures ($4.83M), Refrigerators ($4.07M), and Other Plastic Sheetings ($2.3M).
Destinations: In November 2020, REPUBLIC OF BASHKORTOSTAN exported mostly to China ($55M), Netherlands ($33.4M), Kazakhstan ($21.7M), Belarus ($21.5M), and Turkey ($14M), and imported mostly from China ($11.9M), Belarus ($9.52M), Germany ($8.14M), Japan ($4.04M), and United States ($3.62M).
Growth: In November 2020, the increase in REPUBLIC OF BASHKORTOSTAN's year-by-year exports was explained primarily by an increase in exports to China ($51.8M or 1.59k%), Netherlands ($19.9M or 148%), and Turkey ($12.1M or 670%), and product exports increase in Gas Turbines ($47.3M or 59.1k%), Seed Oils ($8.82M or 189%), and Unsaturated Acyclic Monocarboxylic Acids ($5.48M or 180%). In November 2020, the decrease in REPUBLIC OF BASHKORTOSTAN's year-by-year imports was explained primarily by an decrease in imports from France ($-17.2M or -90.8%), China ($-5.43M or -31.3%), and Denmark ($-1.32M or -78.8%), and product imports decrease in Surveying Equipment ($-15.9M or -89.5%), Stone Processing Machines ($-2.42M or -98.5%), and Rubberworking Machinery ($-1.21M or -71.6%).
EXPORT GROWTH (November 2019 - November 2020): $8.76M, (4.35%)
IMPORT GROWTH (November 2019 - November 2020): $-3.2M, (-4.74%)
This section shows exports and imports data at subnational level for REPUBLIC OF BASHKORTOSTAN. 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 REPUBLIC OF BASHKORTOSTAN over time.
This section shows the differences between REPUBLIC OF BASHKORTOSTAN's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Russia's country profile.
Top Destination (2020): China, $462M
Top Product (2020): Turbo-jet engines of a thrust >..., $461M
In 2020 the top export destinations of Republic Of Bashkortostan were China ($462M), Kazakhstan ($223M), Latvia ($180M), Belarus ($166M), and Netherlands ($166M).
In 2020 the top exports of Republic Of Bashkortostan were Turbo-jet engines of a thrust >... ($461M), Light petroleum distillates nes ($438M), Petroleum spirit for motor vehicles ($277M), Petroleum oils, oils from bituminous minerals,... ($91.8M), and Disodium carbonate ($57.9M).
Top Origin (2020): China, $126M
Top Import (2020): Blood, human or animal, antisera, other..., $28.1M
In 2020 the top import origins of Republic Of Bashkortostan were China ($126M), Belarus ($80.1M), Germany ($58.7M), Italy ($27.6M), and Japan ($27.6M).
In 2020 the top imports of Republic Of Bashkortostan were Blood, human or animal, antisera, other... ($28.1M), Combined refrigerator-freezers, two door ($22M), Beer made from malt ($18.9M), Plastic sheet, film, foil or strip,... ($11.6M), and Heterocyclic compounds: containing a quinoline or... ($11.4M).
Republic Of Bashkortostan ranks 24th 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. Republic Of Bashkortostan it is in position 24th considering its ECI in the last year.
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 Crude Petroleum (0.11), Petroleum Gas (0.1), Sulphur (0.092), Raw Aluminium (0.087), and Wheat (0.086).
The highest complexity exports of Republic Of Bashkortostan according to the product complexity index (PCI) are Gas and Liquid Flow Measuring Instruments (1.43), Phenols (1.41), Iron Springs (1.06), Unsaturated Acyclic Monocarboxylic Acids (1.01), and Synthetic Rubber (0.95). 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 Carbonates (58.2), Asphalt (47.3), Linseed (36.6), Particle Board (30.3), and Unsaturated Acyclic Monocarboxylic Acids (25.4).
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.
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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