Udmurtian Republic

Federal subject in VOLGA FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: 0.11, Rank 10 of 64

Nov 2020
Trade
Exports | Imports
: $23.8M | $40.2M, 69 of 85 | 43 of 84

Nov 2020
Country
Destination | Origin
: Kazakhstan | China , $6.61M  | $11.3M

Nov 2020
Product
Exports | Imports
: Cars | Vehicle Parts , $4.08M  | $7.6M

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

Exports: In 2020, Russia's Udmurtian Republic exported $491M, making it the 56th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Udmurtian Republic were Commodities not specified according to kind ($275M), Petroleum oils, oils from bituminous minerals,... ($30.1M), Medium Sized Cars ($27.5M), Special purpose motor vehicles nes ($19M), and Iron or non-alloy steel: bars and... ($11.5M).

Imports: In 2020, Russia's Udmurtian Republic imported $311M, making it the 46th largest importer out of the 85 importers in Russia. In 2020 top imports of Udmurtian Republic were Steering wheels, columns & boxes for... ($21.3M), Transmissions for motor vehicles ($17.9M), Electronic integrated circuits: n.e.c. in heading... ($10M), Motor vehicle parts nes ($9.2M), and Parts of seats ($8.21M).

Economic Complexity: In 2019, the highest complexity exports of Udmurtian Republic according to the product complexity index (PCI) are Alkaline Metals (-0.22), Nonaqueous Pigments (N/A), Electric Furnaces (1.4), Liquid Pumps (1.39), and Valves (1.34). 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 UDMURTIAN REPUBLIC'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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Value
Depth

Top Destination (2020): Egypt, $168M

Top Product (2020): Commodities not specified according to kind, $275M

In 2020 the top export destinations of Udmurtian Republic were Egypt ($168M), Algeria ($109M), Belarus ($58.1M), Kazakhstan ($42.7M), and Uzbekistan ($24.4M).

In 2020 the top exports of Udmurtian Republic were Commodities not specified according to kind ($275M), Petroleum oils, oils from bituminous minerals,... ($30.1M), Medium Sized Cars ($27.5M), Special purpose motor vehicles nes ($19M), and Iron or non-alloy steel: bars and... ($11.5M).

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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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Value
Depth

Top Origin (2020): China, $73.9M

Top Import (2020): Steering wheels, columns & boxes for..., $21.3M

In 2020 the top import origins of Udmurtian Republic were China ($73.9M), Poland ($35.4M), Romania ($25.7M), South Korea ($18.5M), and Germany ($17.3M).

In 2020 the top imports of Udmurtian Republic were Steering wheels, columns & boxes for... ($21.3M), Transmissions for motor vehicles ($17.9M), Electronic integrated circuits: n.e.c. in heading... ($10M), Motor vehicle parts nes ($9.2M), and Parts of seats ($8.21M).

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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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Udmurtian Republic ranks 10th 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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Scale

The economic complexity of a territory can change year to year. Udmurtian Republic it is in position 10th 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 Udmurtian Republic already has a comparative advantage, are led by Rapeseed Oil (0.059), Shaped Wood (0.059), Wood Carpentry (0.058), Other Heating Machinery (0.057), and Fuel Wood (0.057).

Most Complex Products by PCI

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The highest complexity exports of Udmurtian Republic according to the product complexity index (PCI) are Alkaline Metals (-0.22), Nonaqueous Pigments (N/A), Electric Furnaces (1.4), Liquid Pumps (1.39), and Valves (1.34). 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 Alkaline Metals (252), Nonaqueous Pigments (70.1), Specialized Vehicles (57.8), Other Metals (33.7), and Raw Iron Bars (31.1).

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