Republic Of Buryatia

Federal subject in FAR EAST FEDERAL DISTRICT, district of Russia

Exports (2019): $850M, Rnk 48/85

Top Destination (2019): $258M, China

Top Export (2019): $585M, Bituminous coal, not agglomerated

Imports (2019): $84.7M, Rnk 70/85

Top Origin (2019): $48.4M, China

Top Import (2019): $10.8M, Rubber; new pneumatic tyres, of a...

Economic Complexity (2019): -0.73, Rnk 56 / 85

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

Exports: In 2019, Russia's Republic Of Buryatia exported $850M, making it the 48th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Republic Of Buryatia were Bituminous coal, not agglomerated ($585M), Commodities not specified according to kind ($94.8M), Wood; coniferous species, of pine (Pinus... ($73.1M), Paper, Kraftliner, unbleached, uncoated ($22.9M), and Wood; coniferous species, other than of... ($10.2M).

Imports: In 2019, Russia's Republic Of Buryatia imported $84.7M, making it the 70th largest importer out of the 85 importers in Russia. In 2019 top imports of Republic Of Buryatia were Rubber; new pneumatic tyres, of a... ($10.8M), Gas turbine engines nes of a... ($8.27M), Peppers (Capsicum, Pimenta) fresh or chilled ($4.84M), Fruit, edible; mandarins (including tangerines and... ($4.83M), and Tomatoes, fresh or chilled ($3.34M).

Economic Complexity: In 2019, the highest complexity exports of Republic Of Buryatia according to the product complexity index (PCI) are Pig Meat (0.78), Pulley Systems (0.35), Fermented Milk Products (0.13), Asphalt (0.1), and Uncoated Kraft Paper (0.054). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): China, $258M

Top Product (2019): Bituminous coal, not agglomerated, $585M

In 2019 the top export destinations of Republic Of Buryatia were China ($258M), Japan ($185M), South Korea ($152M), Taiwan ($62.4M), and Bangladesh ($41.9M).

In 2019 the top exports of Republic Of Buryatia were Bituminous coal, not agglomerated ($585M), Commodities not specified according to kind ($94.8M), Wood; coniferous species, of pine (Pinus... ($73.1M), Paper, Kraftliner, unbleached, uncoated ($22.9M), and Wood; coniferous species, other than of... ($10.2M).

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Export Dynamics

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Fastest Growing Exports Destination (June 2019 - June 2020)

Rapidly Declining Export Origins (June 2019 - June 2020)

Yearly Imports

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Top Origin (2019): China, $48.4M

Top Import (2019): Rubber; new pneumatic tyres, of a..., $10.8M

In 2019 the top import origins of Republic Of Buryatia were China ($48.4M), Czechia ($9.62M), Japan ($6.69M), Kazakhstan ($4.6M), and United States ($3.89M).

In 2019 the top imports of Republic Of Buryatia were Rubber; new pneumatic tyres, of a... ($10.8M), Gas turbine engines nes of a... ($8.27M), Peppers (Capsicum, Pimenta) fresh or chilled ($4.84M), Fruit, edible; mandarins (including tangerines and... ($4.83M), and Tomatoes, fresh or chilled ($3.34M).

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Import Dynamics

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Fastest Growing Import Origins (June 2019 - June 2020)

Rapidly Declining Import Origins (June 2019 - June 2020)

Comparison in Time

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This section shows differences between total trade from REPUBLIC OF BURYATIA throughout time.

This section shows forecasts for total exports and imports from REPUBLIC OF BURYATIA. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

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Economic Complexity

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Economic Complexity of Russia

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Republic Of Buryatia ranks 56th out of the 85 federal subjects in Russia according to ECI.

Estimated using exports data.

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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 Wood Charcoal (0.033), Petroleum Gas (0.032), Fuel Wood (0.032), Nitrogenous Fertilizers (0.032), and Bran (0.032).

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 (0.78), Pulley Systems (0.35), Fermented Milk Products (0.13), Asphalt (0.1), and Uncoated Kraft Paper (0.054). 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 (100), Sawn Wood (47.2), Other Locomotives (46.8), Uncoated Kraft Paper (34.8), and Wood Kitchenware (22.6).

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.