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 import origins of Republic Of Bashkortostan were China ($188M), Belarus ($78.9M), Germany ($66.8M), United States ($61.2M), and Italy ($46.7M).
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.
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).
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.
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 ββindicate greater knowledge, which predicts a greater probability of exporting that product in the future.
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.