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Federal subject in VOLGA FEDERAL DISTRICT, district of Russia

2021
Economic
Complexity -0.0014Rank 15 of 61
Jan 2022
Trade
Exports | Imports $188M | $64.1M36 of 85 | 36 of 83
Jan 2022
Country
Destination | Origin China | China $54.3M  | $16.9M

About

Overview This page contains the latest international trade data for REPUBLIC OF BASHKORTOSTAN. In January 2022 REPUBLIC OF BASHKORTOSTAN was the number 27 in total exports and the number 30 in total imports in Russia.

Exports In 2021, Russia's Republic Of Bashkortostan exported $188M, making it the 27th largest exporter out of the 85 exporters in Russia. In 2021 the top exports of Republic Of Bashkortostan were Turbo-jet engines of a thrust >... ($773M), Petroleum spirit for motor vehicles ($569M), Light petroleum distillates nes ($522M), Sunflower-seed or safflower oil, crude ($195M), and Acrylic acid esters ($101M).

Imports In 2021, Russia's Republic Of Bashkortostan imported $64.1M, making it the 30th largest importer out of the 85 importers in Russia. In 2021 top imports of Republic Of Bashkortostan were Beer made from malt ($54.7M), Other plastic sheets ($30.9M), Commodities not specified according to kind ($26.8M), Combined refrigerator-freezers, two door ($23.9M), and Immunological Products Packings for Retail Sale ($22.8M).

Economic Complexity In 2021, the highest complexity exports of Republic Of Bashkortostan according to the product complexity index (PCI) are Phenols (1.24), Unsaturated Acyclic Monocarboxylic Acids (1), Gas Turbines (1), Reaction and Catalytic Products (0.86), Synthetic Rubber (0.74), Vinyl Chloride Polymers (0.66), Glass Mirrors (0.66), Wood Pulp Lyes (0.59), Acyclic Hydrocarbons (0.56), and Cyclic Hydrocarbons (0.47). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2022

About

Overview In January 2022 REPUBLIC OF BASHKORTOSTAN exported $188M and imported $64.1M, resulting in a positive trade balance of $124M. Between January 2021 and January 2022 the exports of REPUBLIC OF BASHKORTOSTAN have increased by $5.89M (3.24%) from $182M to $188M, while imports increased by $22.1M (52.6%) from $42M to $64.1M.

Trade In January 2022, the top exports of REPUBLIC OF BASHKORTOSTAN were Gas Turbines ($53.1M), Nitrogenous Fertilizers ($25.9M), Carbonates ($11.9M), Particle Board ($9.21M), and Synthetic Rubber ($8.02M). In January 2022 the top imports of REPUBLIC OF BASHKORTOSTAN were Motor vehicles; parts and accessories (8701... ($3.68M), Other Plastic Sheetings ($3.54M), Chocolate ($3.53M), Beer ($3.46M), and Electric Generating Sets ($2.62M).

Destinations In January 2022, REPUBLIC OF BASHKORTOSTAN exported mostly to China ($54.3M), Kazakhstan ($28.6M), Finland ($8.46M), Ecuador ($7.79M), and Germany ($7.48M), and imported mostly from China ($16.9M), Germany ($9.61M), Belarus ($9.14M), Belgium ($3.51M), and Austria ($3.33M).

Growth In January 2022, the increase in REPUBLIC OF BASHKORTOSTAN's year-by-year exports was explained primarily by an increase in exports to China ($8.34M or 18.1%), Ecuador ($7.72M or 10.9k%), and Kazakhstan ($6.46M or 29.1%), and product exports increase in Nitrogenous Fertilizers ($25.8M or 28.3k%), Gas Turbines ($8.88M or 20.1%), and Carbonates ($5.92M or 99.1%). In January 2022, the increase in REPUBLIC OF BASHKORTOSTAN's year-by-year imports was explained primarily by an increase in imports from Germany ($7.2M or 299%), China ($5.95M or 54.4%), and Belarus ($3.03M or 49.6%), and product imports increase in Motor vehicles; parts and accessories (8701... ($3.12M or 558%), Electric Generating Sets ($2.41M or 1.12k%), and Rubberworking Machinery ($2.26M or 7.97k%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (January 2021 - January 2022)$5.89M(3.24%)
IMPORT GROWTH (January 2021 - January 2022)$22.1M(52.6%)

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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REPUBLIC OF BASHKORTOSTAN's Monthly Exports
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Exports by Products
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Exports by Countries
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Historical Data

Yearly Exports

Color
Depth
Top Destination (2021)China$817M
Top Product (2021)Turbo-jet engines of a thrust >...$773M

In 2021 the top export destinations of Republic Of Bashkortostan were China ($817M), Kazakhstan ($358M), Turkey ($188M), Netherlands ($177M), and Finland ($172M).

In 2021 the top exports of Republic Of Bashkortostan were Turbo-jet engines of a thrust >... ($773M), Petroleum spirit for motor vehicles ($569M), Light petroleum distillates nes ($522M), Sunflower-seed or safflower oil, crude ($195M), and Acrylic acid esters ($101M).

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Exports (2021)
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Destinations (2021)
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Exports Dynamics

Fastest Growing Exports Destination (Jan 2021 - Jan 2022)
China $8.34M (18.1%)
Ecuador $7.72M (10.9k%)
Kazakhstan $6.46M (29.1%)
Rapidly Declining Export Origins (Jan 2021 - Jan 2022)
Latvia -$23.5M (-88.2%)
Belarus -$9.12M (-55.4%)
Greece -$4.18M (-97%)

Export Destinations of REPUBLIC OF BASHKORTOSTAN (Jan 2021 - Jan 2022)

Yearly Imports

Color
Depth
Top Origin (2021)China$169M
Top Import (2021)Beer made from malt$54.7M

In 2021 the top import origins of Republic Of Bashkortostan were China ($169M), Germany ($133M), Belarus ($119M), Kazakhstan ($63M), and Italy ($52.9M).

In 2021 the top imports of Republic Of Bashkortostan were Beer made from malt ($54.7M), Other plastic sheets ($30.9M), Commodities not specified according to kind ($26.8M), Combined refrigerator-freezers, two door ($23.9M), and Immunological Products Packings for Retail Sale ($22.8M).

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Imports (2021)
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Origins (2021)
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Imports Dynamics

Fastest Growing Import Origins (Jan 2021 - Jan 2022)
Germany $7.2M (299%)
China $5.95M (54.4%)
Belarus $3.03M (49.6%)
Rapidly Declining Import Origins (Jan 2021 - Jan 2022)
Kazakhstan -$4.92M (-76.5%)
Uzbekistan -$2.18M (-77.2%)
Canada -$810k (-60.9%)

Import Origins of REPUBLIC OF BASHKORTOSTAN (Jan 2021 - Jan 2022)

Economic Complexity

Economic Complexity of Republic Of Bashkortostan

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Economic Complexity (2021)-0.0014

Republic Of Bashkortostan ranks 15th 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.

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ECI comparison Russia between districts (2021)

Economic Complexity Ranking

Value

The economic complexity of a territory can change year to year. Republic Of Bashkortostan it is in position 15th considering its ECI in the last year.

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ECI Rank by Subnat Geography

Export Opportunities by Relatedness

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), Sulphur (0.11), Petroleum Gas (0.11), Sorghum (0.1), and Petroleum Coke (0.1).

Most Complex Products by PCI

The highest complexity exports of Republic Of Bashkortostan according to the product complexity index (PCI) are Phenols (1.24), Unsaturated Acyclic Monocarboxylic Acids (1), Gas Turbines (1), Reaction and Catalytic Products (0.86), Synthetic Rubber (0.74), Vinyl Chloride Polymers (0.66), Glass Mirrors (0.66), Wood Pulp Lyes (0.59), Acyclic Hydrocarbons (0.56), and Cyclic Hydrocarbons (0.47). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Seed Oils (62.48), Unsaturated Acyclic Monocarboxylic Acids (59.85), Particle Board (56.86), Iron Wire (41.70), and Carbonates (40.37).

Product Space

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

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. Bubble size corresponds to exports value by year 2020.

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