REPUBLIC OF BASHKORTOSTANFederal subject in VOLGA FEDERAL DISTRICT, district of Russia
2020 Economic Complexity : -0.098, Rank 21 of 58
Jul 2021 Trade Exports | Imports: $293M | $79.9M, 29 of 85 | 28 of 84
Jul 2021 Country Destination | Origin: China | China , $76.5M | $15.4M
Jul 2021 Product Exports | Imports: Turbo-jet engines of a thrust > 25 KN... | Industrial furnace, oven, incinerator non-electric ne , $75.7M | $9.52M
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 $2.66B, making it the 26th 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 >... ($600M), Light petroleum distillates nes ($513M), Petroleum spirit for motor vehicles ($333M), Petroleum oils, oils from bituminous minerals,... ($106M), and Urea, including aqueous solution in packs... ($67.7M).
Imports In 2020, Russia's Republic Of Bashkortostan imported $877M, making it the 26th largest importer out of the 85 importers in Russia. In 2020 top imports of Republic Of Bashkortostan were Tankers ($251M), Blood, human or animal, antisera, other... ($32.3M), Combined refrigerator-freezers, two door ($23.4M), Beer made from malt ($20.8M), and Heterocyclic compounds: containing a quinoline or... ($16.2M).
Economic Complexity In 2020, the highest complexity exports of Republic Of Bashkortostan according to the product complexity index (PCI) are Phenols (1.41), Steel Wire (1.36), Unsaturated Acyclic Monocarboxylic Acids (1.01), Synthetic Rubber (0.95), and Reaction and Catalytic Products (0.86). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
July, 2021
Overview In July 2021 REPUBLIC OF BASHKORTOSTAN exported $293M and imported $79.9M, resulting in a positive trade balance of $213M. Between July 2020 and July 2021 the exports of REPUBLIC OF BASHKORTOSTAN have increased by $144M (96.3%) from $149M to $293M, while imports increased by $23.8M (42.4%) from $56.1M to $79.9M.
Trade In July 2021, the top exports of REPUBLIC OF BASHKORTOSTAN were Gas Turbines ($75.8M), Refined Petroleum ($40.7M), Cyclic Hydrocarbons ($22.5M), Nitrogenous Fertilizers ($20.2M), and Unsaturated Acyclic Monocarboxylic Acids ($14.6M). In July 2021 the top imports of REPUBLIC OF BASHKORTOSTAN were Industrial Furnaces ($9.52M), Beer ($5.35M), Refrigerators ($5.34M), Refined Petroleum ($3.09M), and Valves ($3.07M).
Destinations In July 2021, REPUBLIC OF BASHKORTOSTAN exported mostly to China ($76.5M), Netherlands ($32M), Finland ($29.4M), Kazakhstan ($28.8M), and United States ($16.9M), and imported mostly from China ($15.4M), Germany ($11.8M), Belarus ($10.6M), Kazakhstan ($6.21M), and India ($5.66M).
Growth In July 2021, the increase in REPUBLIC OF BASHKORTOSTAN's year-by-year exports was explained primarily by an increase in exports to China ($73.6M or 2.55k%), Finland ($22.1M or 301%), and United States ($16.1M or 2.12k%), and product exports increase in Gas Turbines ($75.7M or 96.4k%), Nitrogenous Fertilizers ($19.1M or 1.66k%), and Cyclic Hydrocarbons ($18.9M or 532%). In July 2021, the increase in REPUBLIC OF BASHKORTOSTAN's year-by-year imports was explained primarily by an increase in imports from Kazakhstan ($5.59M or 894%), Germany ($4.68M or 65.3%), and China ($4.38M or 39.7%), and product imports increase in Industrial Furnaces ($9.37M or 6.39k%), Beer ($4.74M or 779%), and Refined Petroleum ($2.93M or 1.76k%).
EXPORT GROWTH (July 2020 - July 2021): $144M, (96.3%)
IMPORT GROWTH (July 2020 - July 2021): $23.8M, (42.4%)
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.
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Top Destination (2020): China, $618M
Top Product (2020): Turbo-jet engines of a thrust >..., $600M
In 2020 the top export destinations of Republic Of Bashkortostan were China ($618M), Kazakhstan ($251M), Latvia ($204M), Belarus ($192M), and Netherlands ($186M).
In 2020 the top exports of Republic Of Bashkortostan were Turbo-jet engines of a thrust >... ($600M), Light petroleum distillates nes ($513M), Petroleum spirit for motor vehicles ($333M), Petroleum oils, oils from bituminous minerals,... ($106M), and Urea, including aqueous solution in packs... ($67.7M).
Top Origin (2020): South Korea, $255M
Top Import (2020): Tankers, $251M
In 2020 the top import origins of Republic Of Bashkortostan were South Korea ($255M), China ($138M), Belarus ($87.5M), Germany ($68M), and United States ($32.4M).
In 2020 the top imports of Republic Of Bashkortostan were Tankers ($251M), Blood, human or animal, antisera, other... ($32.3M), Combined refrigerator-freezers, two door ($23.4M), Beer made from malt ($20.8M), and Heterocyclic compounds: containing a quinoline or... ($16.2M).
Fastest Growing Import Origins (Jul 2020 - Jul 2021)
Rapidly Declining Import Origins (Jul 2020 - Jul 2021)
Economic Complexity (2020): -0.098
Republic Of Bashkortostan ranks 21st out of the 85 districts in Russia according to ECI.
The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.
Estimated using exports data.
The economic complexity of a territory can change year to year. Republic Of Bashkortostan it is in position 21st 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 (0.12), Petroleum Gas (0.11), Sulphur (0.1), Raw Aluminium (0.1), and Wheat (0.099).
The highest complexity exports of Republic Of Bashkortostan according to the product complexity index (PCI) are Phenols (1.41), Steel Wire (1.36), Unsaturated Acyclic Monocarboxylic Acids (1.01), Synthetic Rubber (0.95), and Reaction and Catalytic Products (0.86). 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 (69.9), Asphalt (51.2), Linseed (50.1), Particle Board (44.4), and Seed Oils (39.9).
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.