2022
Exports
$6.37MWorld Rnk 45 / 182
Flag Rnk 624 / 1200
2022
PRODUCT COMPLEXITY IN Electromagnets
1.02Rnk 163 / 1025
2022
Imports
$91.4MWorld Rnk 28 / 216
Flag Rnk 377 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $6.37M in Electromagnets, making it the 45th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 624th most exported product in Russia. The main destination of Electromagnets exports from Russia are: Kazakhstan ($1.96M), Germany ($1.38M), China ($630k), United States ($576k), and Bulgaria ($418k).

The fastest growing export markets for Electromagnets of Russia between 2021 and 2022 were Kazakhstan ($447k), China ($307k), and Ecuador ($82.2k).

Imports In 2022, Russia imported $91.4M in Electromagnets, becoming the 28th largest importer of Electromagnets in the world. At the same year, Electromagnets was the 377th most imported product in Russia. Russia imports Electromagnets primarily from: China ($76.1M), Italy ($2.73M), Germany ($2.61M), France ($1.62M), and Switzerland ($958k).

The fastest growing import markets in Electromagnets for Russia between 2021 and 2022 were China ($7.31M), Malaysia ($453k), and Kazakhstan ($360k).

Latest Trends

Oct 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 Electromagnets. 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 (2022)$6.37M
IMPORTS (2022)$91.4M
NET TRADE (2022)-$85.1M

In 2022, Russia exported $6.37M in Electromagnets. The main destinations of Russia exports on Electromagnets were Kazakhstan ($1.96M), Germany ($1.38M), China ($630k), United States ($576k), and Bulgaria ($418k).

In 2022, Russia imported $91.4M in Electromagnets, mainly from China ($76.1M), Italy ($2.73M), Germany ($2.61M), France ($1.62M), and Switzerland ($958k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Kazakhstan$447k (29.5%)
China$307k (94.9%)
Ecuador$82.2k (238%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Russia WERE (2021 - 2022):
Germany-$5.22M (-79.1%)
Belarus-$2.85M (-100%)
France-$948k (-98.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Electromagnets were:
China $6.28B
Germany $1.24B
Japan $1.18B
In 2022, Russia's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.05M
TOP IMPORT POTENTIALChina+ $33.6M

Electromagnets’s highest export potential is China. With an export gap of $1.05M.   Electromagnets’s highest import potential is China with an import gap of $33.6M.

See methodology.

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