Republic Of Buryatia

Federal subject in FAR EAST FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: -0.79, Rank 59 of 64

Nov 2020
Trade
Exports | Imports
: $104M | $4.3M, 39 of 85 | 72 of 84

Nov 2020
Country
Destination | Origin
: China | China , $60.9M  | $2.08M

Nov 2020
Product
Exports | Imports
: Commodities not elsewhere specified | Gas Turbines , $53M  | $922k

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

Exports: In 2020, Russia's Republic Of Buryatia exported $938M, making it the 37th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Republic Of Buryatia were Bituminous coal, not agglomerated ($452M), Commodities not specified according to kind ($363M), Wood; coniferous species, of pine (Pinus... ($50.9M), Paper, Kraftliner, unbleached, uncoated ($15.7M), and Wood; coniferous species, other than of... ($7.86M).

Imports: In 2020, Russia's Republic Of Buryatia imported $59.1M, making it the 73rd largest importer out of the 85 importers in Russia. In 2020 top imports of Republic Of Buryatia were Gas turbine engines nes of a... ($9.89M), Rubber; new pneumatic tyres, of a... ($5.32M), Peppers (Capsicum, Pimenta) fresh or chilled ($2.24M), Air conditioners nes with reverse cycle... ($2.23M), and Tomatoes, fresh or chilled ($1.79M).

Economic Complexity: In 2019, the highest complexity exports of Republic Of Buryatia according to the product complexity index (PCI) are Pig Meat (0.81), Pulley Systems (0.5), Asphalt (0.046), Uncoated Kraft Paper (-0.062), and Oats (-0.12). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value
Reference Period

This section shows the differences between REPUBLIC OF BURYATIA's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Russia's country profile.

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Yearly Exports

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Depth

Top Destination (2020): China, $478M

Top Product (2020): Bituminous coal, not agglomerated, $452M

In 2020 the top export destinations of Republic Of Buryatia were China ($478M), Japan ($216M), South Korea ($72.2M), Taiwan ($53.9M), and Kazakhstan ($27.9M).

In 2020 the top exports of Republic Of Buryatia were Bituminous coal, not agglomerated ($452M), Commodities not specified according to kind ($363M), Wood; coniferous species, of pine (Pinus... ($50.9M), Paper, Kraftliner, unbleached, uncoated ($15.7M), and Wood; coniferous species, other than of... ($7.86M).

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Exports Dynamics

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Fastest Growing Exports Destination (Nov 2019 - Nov 2020)

Rapidly Declining Export Origins (Nov 2019 - Nov 2020)

Yearly Imports

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Depth

Top Origin (2020): China, $30.3M

Top Import (2020): Gas turbine engines nes of a..., $9.89M

In 2020 the top import origins of Republic Of Buryatia were China ($30.3M), Czechia ($12.1M), Japan ($2.82M), Kazakhstan ($2.56M), and United States ($2.5M).

In 2020 the top imports of Republic Of Buryatia were Gas turbine engines nes of a... ($9.89M), Rubber; new pneumatic tyres, of a... ($5.32M), Peppers (Capsicum, Pimenta) fresh or chilled ($2.24M), Air conditioners nes with reverse cycle... ($2.23M), and Tomatoes, fresh or chilled ($1.79M).

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Imports Dynamics

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Fastest Growing Import Origins (Nov 2019 - Nov 2020)

Rapidly Declining Import Origins (Nov 2019 - Nov 2020)

Economic Complexity

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Economic Complexity of Russia

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Republic Of Buryatia ranks 59th out of the 85 districts in Russia according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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The economic complexity of a territory can change year to year. Republic Of Buryatia it is in position 59th considering its ECI in the last year.

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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 Buryatia already has a comparative advantage, are led by Fuel Wood (0.033), Wood Charcoal (0.033), Bran (0.032), Raw Sugar (0.031), and Other Oily Seeds (0.031).

Most Complex Products by PCI

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The highest complexity exports of Republic Of Buryatia according to the product complexity index (PCI) are Pig Meat (0.81), Pulley Systems (0.5), Asphalt (0.046), Uncoated Kraft Paper (-0.062), and Oats (-0.12). 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 Coal Briquettes (93.9), Sawn Wood (48.9), Other Locomotives (47.6), Uncoated Kraft Paper (35.4), and Wood Kitchenware (23.1).

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