UDMURTIAN REPUBLICFederal subject in VOLGA FEDERAL DISTRICT, district of Russia
2020 Economic Complexity : 0.18, Rank 5 of 58
Jun 2021 Trade Exports | Imports: $28.6M | $43.3M, 65 of 85 | 45 of 84
Jun 2021 Country Destination | Origin: Belarus | China , $8.57M | $10.9M
Jun 2021 Product Exports | Imports: Petroleum oils, oils from bituminous minerals, crude | Cheese except fresh, grated, processed or blue-veined , $5.31M | $2.19M
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 $523M, 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 ($279M), Petroleum oils, oils from bituminous minerals,... ($34.2M), Medium Sized Cars ($31.7M), Special purpose motor vehicles nes ($19.1M), and Iron or non-alloy steel: bars and... ($12.4M).
Imports In 2020, Russia's Udmurtian Republic imported $344M, 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... ($23.2M), Transmissions for motor vehicles ($17.9M), Electronic integrated circuits: n.e.c. in heading... ($10.5M), Motor vehicle parts nes ($10.2M), and Electrical control and distribution boards, <... ($9.19M).
Economic Complexity In 2020, the highest complexity exports of Udmurtian Republic according to the product complexity index (PCI) are Transmissions (1.59), Liquid Pumps (1.39), Valves (1.34), Flat-Rolled Iron (1.25), and Other Domestic Electric Housewares (1.02). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
June, 2021
Overview In June 2021 UDMURTIAN REPUBLIC exported $28.6M and imported $43.3M, resulting in a negative trade balance of $14.7M. Between June 2020 and June 2021 the exports of UDMURTIAN REPUBLIC have decreased by $-2.02M (-6.6%) from $30.6M to $28.6M, while imports increased by $17.6M (68.5%) from $25.7M to $43.3M.
Trade In June 2021, the top exports of UDMURTIAN REPUBLIC were Crude Petroleum ($5.31M), Sawn Wood ($3.02M), Other Steel Bars ($2.64M), Raw Iron Bars ($2.39M), and Other Furniture ($1.26M). In June 2021 the top imports of UDMURTIAN REPUBLIC were Vehicle Parts ($5.14M), Cheese ($2.19M), Cold-Rolled Iron ($2.11M), Integrated Circuits ($2.03M), and Air Pumps ($1.5M).
Destinations In June 2021, UDMURTIAN REPUBLIC exported mostly to Belarus ($8.57M), Kazakhstan ($6.41M), Netherlands ($1.79M), Germany ($1.31M), and Azerbaijan ($1.23M), and imported mostly from China ($10.9M), Romania ($5.2M), Belarus ($3.42M), Poland ($3.29M), and France ($3.1M).
Growth In June 2021, the decrease in UDMURTIAN REPUBLIC's year-by-year exports was explained primarily by an decrease in exports to Belarus ($-3.33M or -28%), Uzbekistan ($-2.99M or -78.2%), and Pakistan ($-581k or -49.8%), and product exports decrease in Crude Petroleum ($-3.29M or -38.3%), Liquid Pumps ($-2.6M or -91%), and Cars ($-2.57M or -82.8%). In June 2021, the increase in UDMURTIAN REPUBLIC's year-by-year imports was explained primarily by an increase in imports from Romania ($3.59M or 224%), France ($2.17M or 234%), and Kazakhstan ($1.99M or 393%), and product imports increase in Vehicle Parts ($2.45M or 91%), Cheese ($2.01M or 1.12k%), and Electrical Control Boards ($825k or 147%).
EXPORT GROWTH (June 2020 - June 2021): $-2.02M, (-6.6%)
IMPORT GROWTH (June 2020 - June 2021): $17.6M, (68.5%)
This section shows exports and imports data at subnational level for UDMURTIAN REPUBLIC. 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 UDMURTIAN REPUBLIC over time.
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Top Destination (2020): Egypt, $168M
Top Product (2020): Commodities not specified according to kind, $279M
In 2020 the top export destinations of Udmurtian Republic were Egypt ($168M), Algeria ($110M), Belarus ($65M), Kazakhstan ($51M), and Uzbekistan ($26.8M).
In 2020 the top exports of Udmurtian Republic were Commodities not specified according to kind ($279M), Petroleum oils, oils from bituminous minerals,... ($34.2M), Medium Sized Cars ($31.7M), Special purpose motor vehicles nes ($19.1M), and Iron or non-alloy steel: bars and... ($12.4M).
Fastest Growing Exports Destination (Jun 2020 - Jun 2021)
Rapidly Declining Export Origins (Jun 2020 - Jun 2021)
Top Origin (2020): China, $84M
Top Import (2020): Steering wheels, columns & boxes for..., $23.2M
In 2020 the top import origins of Udmurtian Republic were China ($84M), Poland ($38.8M), Romania ($28.2M), Germany ($20.8M), and South Korea ($19.3M).
In 2020 the top imports of Udmurtian Republic were Steering wheels, columns & boxes for... ($23.2M), Transmissions for motor vehicles ($17.9M), Electronic integrated circuits: n.e.c. in heading... ($10.5M), Motor vehicle parts nes ($10.2M), and Electrical control and distribution boards, <... ($9.19M).
Fastest Growing Import Origins (Jun 2020 - Jun 2021)
Rapidly Declining Import Origins (Jun 2020 - Jun 2021)
Economic Complexity (2020): 0.18
Udmurtian Republic ranks 5th 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.
The economic complexity of a territory can change year to year. Udmurtian Republic it is in position 5th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Udmurtian Republic already has a comparative advantage, are led by Fuel Wood (0.082), Wood Carpentry (0.081), Rapeseed Oil (0.081), Other Heating Machinery (0.08), and Oats (0.079).
The highest complexity exports of Udmurtian Republic according to the product complexity index (PCI) are Transmissions (1.59), Liquid Pumps (1.39), Valves (1.34), Flat-Rolled Iron (1.25), and Other Domestic Electric Housewares (1.02). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Alkaline Metals (323.4), Specialized Vehicles (49.2), Raw Iron Bars (29.6), Other Steel Bars (29.5), and Iron Radiators (26.9).
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.
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.