2023
Exports
$23.5MWorld Rnk 45 / 188
Flag Rnk 372 / 1200
2023
PRODUCT COMPLEXITY IN Electric Motor Parts
0.72Rnk 276 / 1025
2023
Imports
$64MWorld Rnk 48 / 219
Flag Rnk 426 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $23.5M in Electric Motor Parts, making it the 45th largest exporter of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 372nd most exported product in Russia. The main destination of Electric Motor Parts exports from Russia are: Uzbekistan ($6.89M), Kazakhstan ($4.43M), Colombia ($3.74M), United States ($1.02M), and Turkey ($1.02M).

The fastest growing export markets for Electric Motor Parts of Russia between 2022 and 2023 were Uzbekistan ($4.27M), Mexico ($814k), and China ($562k).

Imports In 2023, Russia imported $64M in Electric Motor Parts, becoming the 48th largest importer of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 426th most imported product in Russia. Russia imports Electric Motor Parts primarily from: China ($43.6M), Latvia ($5.34M), Turkey ($4.28M), Italy ($3.48M), and Kazakhstan ($1.76M).

The fastest growing import markets in Electric Motor Parts for Russia between 2022 and 2023 were China ($10.6M), Turkey ($3.08M), and Kazakhstan ($1.31M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electric Motor Parts. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$23.5M
IMPORTS (2023)$64M
NET TRADE (2023)-$40.5M

In 2023, Russia exported $23.5M in Electric Motor Parts. The main destinations of Russia exports on Electric Motor Parts were Uzbekistan ($6.89M), Kazakhstan ($4.43M), Colombia ($3.74M), United States ($1.02M), and Turkey ($1.02M).

In 2023, Russia imported $64M in Electric Motor Parts, mainly from China ($43.6M), Latvia ($5.34M), Turkey ($4.28M), Italy ($3.48M), and Kazakhstan ($1.76M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Motor Parts EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Uzbekistan$4.27M (163%)
Mexico$814k (1%)
China$562k (162%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motor Parts BY Russia WERE (2022 - 2023):
Kazakhstan-$3.13M (-41.4%)
Germany-$2.15M (-100%)
Finland-$1M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Electric Motor Parts were:
China $6.05B
Germany $2.67B
Japan $1.75B
In 2023, Russia's main importing competitors in Electric Motor Parts were:

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Trade Value of Electric Motor Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.6M
TOP IMPORT POTENTIALChina+ $30.2M

Electric Motor Parts’s highest export potential is Germany. With an export gap of $2.6M.   Electric Motor Parts’s highest import potential is China with an import gap of $30.2M.

See methodology.

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