Economic Complexity: In 2019, the highest complexity exports of Trans-baikal Territory according to the product complexity index (PCI) are Binoculars and Telescopes (0.94), Rapeseed (-0.19), Ice Cream (-0.19), Sunflower Seeds (-0.29), and Baked Goods (-0.33). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
In 2019 the top export destinations of Trans-baikal Territory were China ($533M), Kazakhstan ($50M), South Korea ($16.1M), Japan ($5.78M), and Taiwan ($3.67M).
In 2019 the top import origins of Trans-baikal Territory were China ($345M), Japan ($1.91M), Australia ($1.07M), France ($1.03M), and Kazakhstan ($1.03M).
This section shows forecasts for total exports and imports from TRANS-BAIKAL TERRITORY. 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 Trans-baikal Territory already has a comparative advantage, are led by Petroleum Gas (0.035), Shaped Wood (0.034), Other Nuts (0.032), Processed Cereals (0.031), and Veneer Sheets (0.031).
The highest complexity exports of Trans-baikal Territory according to the product complexity index (PCI) are Binoculars and Telescopes (0.94), Rapeseed (-0.19), Ice Cream (-0.19), Sunflower Seeds (-0.29), and Baked Goods (-0.33). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
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 Trans-baikal Territory 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 Trans-baikal Territory. These are products that tend to be co-exported with the products that Trans-baikal Territory 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.