2023
Exports
$451MWorld Rnk 36 / 102
Flag Rnk 60 / 1200
2023
PRODUCT COMPLEXITY IN Electricity
-0.74Rnk 770 / 1025
2023
Imports
$53.4MWorld Rnk 78 / 126
Flag Rnk 464 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $451M in Electricity, making it the 36th largest exporter of Electricity in the world. At the same year, Electricity was the 60th most exported product in Russia. The main destination of Electricity exports from Russia are: Kazakhstan ($235M), China ($143M), Latvia ($64M), Lithuania ($4.74M), and Azerbaijan ($2.74M).

The fastest growing export markets for Electricity of Russia between 2022 and 2023 were Kazakhstan ($95.5M).

Imports In 2023, Russia imported $53.4M in Electricity, becoming the 78th largest importer of Electricity in the world. At the same year, Electricity was the 464th most imported product in Russia. Russia imports Electricity primarily from: Kazakhstan ($25.9M), Lithuania ($16.5M), Latvia ($6.98M), Azerbaijan ($3.93M), and Jamaica ($82.3k).

The fastest growing import markets in Electricity for Russia between 2022 and 2023 were Azerbaijan ($283k) and Georgia ($5.96k).

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 Electricity. 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)$451M
IMPORTS (2023)$53.4M
NET TRADE (2023)$398M

In 2023, Russia exported $451M in Electricity. The main destinations of Russia exports on Electricity were Kazakhstan ($235M), China ($143M), Latvia ($64M), Lithuania ($4.74M), and Azerbaijan ($2.74M).

In 2023, Russia imported $53.4M in Electricity, mainly from Kazakhstan ($25.9M), Lithuania ($16.5M), Latvia ($6.98M), Azerbaijan ($3.93M), and Jamaica ($82.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR Russia WERE (2022 - 2023):Kazakhstan$95.5M (68.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Russia WERE (2022 - 2023):
Finland-$349M (-100%)
Latvia-$190M (-74.8%)
Lithuania-$115M (-96%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Electricity were:
In 2023, Russia's main importing competitors in Electricity were:

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Trade Value of Electricity by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $16.8M
TOP IMPORT POTENTIALLatvia+ $5.58M

Electricity’s highest export potential is China. With an export gap of $16.8M.   Electricity’s highest import potential is Latvia with an import gap of $5.58M.

See methodology.

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