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Federal subject in VOLGA FEDERAL DISTRICT, district of Russia

2021
Economic
Complexity 0.2Rank 5 of 61
Jan 2022
Trade
Exports | Imports $29.6M | $34.3M59 of 85 | 50 of 83
Jan 2022
Country
Destination | Origin Belarus | China $13.8M  | $11.9M

About

Overview This page contains the latest international trade data for UDMURTIAN REPUBLIC. In January 2022 UDMURTIAN REPUBLIC was the number 58 in total exports and the number 45 in total imports in Russia.

Exports In 2021, Russia's Udmurtian Republic exported $29.6M, making it the 58th largest exporter out of the 85 exporters in Russia. In 2021 the top exports of Udmurtian Republic were Commodities not specified according to kind ($212M), Petroleum oils, oils from bituminous minerals,... ($54.8M), Iron/Steel Rods: Hot-Rolled, Other Shapes ($29.4M), Medium Sized Cars ($24.4M), and Other Special purpose motor vehicles ($24.1M).

Imports In 2021, Russia's Udmurtian Republic imported $34.3M, making it the 45th largest importer out of the 85 importers in Russia. In 2021 top imports of Udmurtian Republic were Commodities not specified according to kind ($80.9M), Transmissions for motor vehicles ($32.9M), Steering wheels, columns & boxes for... ($26.4M), Electronic integrated circuits: n.e.c. in heading... ($15.5M), and Parts of seats ($14.4M).

Economic Complexity In 2021, the highest complexity exports of Udmurtian Republic according to the product complexity index (PCI) are Liquid Pumps (1.38), Flat-Rolled Iron (1.28), Other Hand Tools (1.04), Trailers and semi-trailers, not mechanically propelled... (0.83), Locomotive Parts (0.82), Cathode Tubes (0.77), Vehicle Bodies (including cabs) for the... (0.7), Iron Radiators (0.63), Other Plastic Sheetings (0.6), and Titanium (0.49). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2022

About

Overview In January 2022 UDMURTIAN REPUBLIC exported $29.6M and imported $34.3M, resulting in a negative trade balance of $4.71M. Between January 2021 and January 2022 the exports of UDMURTIAN REPUBLIC have increased by $4.56M (18.2%) from $25M to $29.6M, while imports increased by $6M (21.2%) from $28.3M to $34.3M.

Trade In January 2022, the top exports of UDMURTIAN REPUBLIC were Crude Petroleum ($10.4M), Raw Iron Bars ($3.04M), Other Steel Bars ($2.24M), Sawn Wood ($2.08M), and Plywood ($1.47M). In January 2022 the top imports of UDMURTIAN REPUBLIC were Motor vehicles; parts and accessories (8701... ($4.43M), Machinery Having Individual Functions ($3.24M), Telephones ($2.33M), Integrated Circuits ($1.36M), and Metal Molds ($1.36M).

Destinations In January 2022, UDMURTIAN REPUBLIC exported mostly to Belarus ($13.8M), Kazakhstan ($3.82M), Belgium ($2.07M), United States ($1.51M), and Egypt ($972k), and imported mostly from China ($11.9M), Germany ($4.19M), Romania ($3.73M), Poland ($3.48M), and South Korea ($2.23M).

Growth In January 2022, the increase in UDMURTIAN REPUBLIC's year-by-year exports was explained primarily by an increase in exports to Belarus ($6.19M or 459%), Kazakhstan ($3.34M or 109%), and Belgium ($988k or 1.53k%), and product exports increase in Raw Iron Bars ($2.04M or 287%), Special purpose motor vehicles ($819k or 16.9k%), and Plywood ($688k or 765%). In January 2022, the increase in UDMURTIAN REPUBLIC's year-by-year imports was explained primarily by an increase in imports from Romania ($1.56M or 63.6%), South Korea ($1.09M or 59.4%), and United States ($637k or 463%), and product imports increase in Integrated Circuits ($1.02M or 146%), Seats ($592k or 67.2%), and Metal Mountings ($430k or 52.8%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (January 2021 - January 2022)$4.56M(18.2%)
IMPORT GROWTH (January 2021 - January 2022)$6M(21.2%)

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.

For full datasets download visit Bulk Download page.

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UDMURTIAN REPUBLIC's Monthly Exports
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UDMURTIAN REPUBLIC's Products Exports (Jan 2022)
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UDMURTIAN REPUBLIC's Exports Destinations (Jan 2022)
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Historical Data

Yearly Exports

Color
Depth
Top Destination (2021)Uganda$158M
Top Product (2021)Commodities not specified according to kind$212M

In 2021 the top export destinations of Udmurtian Republic were Uganda ($158M), Belarus ($113M), Kazakhstan ($69.2M), India ($52M), and Uzbekistan ($25.2M).

In 2021 the top exports of Udmurtian Republic were Commodities not specified according to kind ($212M), Petroleum oils, oils from bituminous minerals,... ($54.8M), Iron/Steel Rods: Hot-Rolled, Other Shapes ($29.4M), Medium Sized Cars ($24.4M), and Other Special purpose motor vehicles ($24.1M).

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Exports (2021)
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Destinations (2021)
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Exports Dynamics

Fastest Growing Exports Destination (Jan 2021 - Jan 2022)
Belarus $6.25M (83%)
United States $1.31M (663%)
Belgium $1.02M (97%)
Rapidly Declining Export Origins (Jan 2021 - Jan 2022)
Uzbekistan -$2.93M (-84.9%)
Kazakhstan -$2.58M (-40.4%)
Ukraine -$416k (-49.7%)

Export Destinations of UDMURTIAN REPUBLIC (Jan 2021 - Jan 2022)

Yearly Imports

Color
Depth
Top Origin (2021)China$130M
Top Import (2021)Commodities not specified according to kind$80.9M

In 2021 the top import origins of Udmurtian Republic were China ($130M), France ($60.3M), United States ($50.6M), Romania ($49.9M), and Poland ($45M).

In 2021 the top imports of Udmurtian Republic were Commodities not specified according to kind ($80.9M), Transmissions for motor vehicles ($32.9M), Steering wheels, columns & boxes for... ($26.4M), Electronic integrated circuits: n.e.c. in heading... ($15.5M), and Parts of seats ($14.4M).

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Imports (2021)
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Origins (2021)
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Imports Dynamics

Fastest Growing Import Origins (Jan 2021 - Jan 2022)
China $6.44M (119%)
Germany $3.26M (349%)
Taiwan $947k (653%)
Rapidly Declining Import Origins (Jan 2021 - Jan 2022)
Japan -$2.58M (-94.4%)
South Korea -$688k (-23.6%)
Denmark -$390k (-100%)

Import Origins of UDMURTIAN REPUBLIC (Jan 2021 - Jan 2022)

Economic Complexity

Economic Complexity of Udmurtian Republic

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Economic Complexity (2021)0.2

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.

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ECI comparison Russia between districts (2021)

Economic Complexity Ranking

Value

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.

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ECI Rank by Subnat Geography

Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Udmurtian Republic already has a comparative advantage, are led by Iron Railway Products (0.11), Soil Preparation Machinery (0.11), Wood Carpentry (0.11), Rock Wool (0.11), and Harvesting Machinery (0.11).

Most Complex Products by PCI

The highest complexity exports of Udmurtian Republic according to the product complexity index (PCI) are Liquid Pumps (1.38), Flat-Rolled Iron (1.28), Other Hand Tools (1.04), Trailers and semi-trailers, not mechanically propelled... (0.83), Locomotive Parts (0.82), Cathode Tubes (0.77), Vehicle Bodies (including cabs) for the... (0.7), Iron Radiators (0.63), Other Plastic Sheetings (0.6), and Titanium (0.49). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Alkaline Metals (249.83), Other Steel Bars (80.67), Special purpose motor vehicles (65.42), Raw Iron Bars (50.61), and Other Locomotives (40.09).

Product Space

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

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. Bubble size corresponds to exports value by year 2020.

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