Economic Complexity: In 2019, the highest complexity exports of Udmurtian Republic according to the product complexity index (PCI) are Alkaline Metals (-0.095), Nonaqueous Pigments (N/A), Liquid Pumps (1.38), Flat-Rolled Iron (1.18), and Locomotive Parts (0.99). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
In 2019 the top import origins of Udmurtian Republic were China ($77.1M), Poland ($42.1M), Romania ($28.1M), South Korea ($26.6M), and Czechia ($21.8M).
This section shows forecasts for total exports and imports from UDMURTIAN REPUBLIC. 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 Udmurtian Republic already has a comparative advantage, are led by Fuel Wood (0.058), Shaped Wood (0.058), Wood Carpentry (0.057), Rapeseed Oil (0.057), and Railway Track Fixtures (0.057).
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.
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 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.