2023
Exports
$1.82MWorld Rnk 44 / 196
Flag Rnk 773 / 1200
2023
PRODUCT COMPLEXITY IN Hand Tools
0.76Rnk 262 / 1025
2023
Imports
$77MWorld Rnk 9 / 220
Flag Rnk 396 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $1.82M in Hand Tools, making it the 44th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 773rd most exported product in Russia. The main destination of Hand Tools exports from Russia are: Kazakhstan ($1.3M), Armenia ($344k), Uzbekistan ($39.5k), Kyrgyzstan ($23.9k), and Egypt ($15.9k).

The fastest growing export markets for Hand Tools of Russia between 2022 and 2023 were Armenia ($300k), Egypt ($15.8k), and Gabon ($9.64k).

Imports In 2023, Russia imported $77M in Hand Tools, becoming the 9th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 396th most imported product in Russia. Russia imports Hand Tools primarily from: China ($53.1M), Chinese Taipei ($9.1M), Turkey ($2.99M), India ($2.88M), and Germany ($2.25M).

The fastest growing import markets in Hand Tools for Russia between 2022 and 2023 were China ($14.6M), Chinese Taipei ($2.3M), and Turkey ($1.98M).

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 Hand Tools. 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)$1.82M
IMPORTS (2023)$77M
NET TRADE (2023)-$75.2M

In 2023, Russia exported $1.82M in Hand Tools. The main destinations of Russia exports on Hand Tools were Kazakhstan ($1.3M), Armenia ($344k), Uzbekistan ($39.5k), Kyrgyzstan ($23.9k), and Egypt ($15.9k).

In 2023, Russia imported $77M in Hand Tools, mainly from China ($53.1M), Chinese Taipei ($9.1M), Turkey ($2.99M), India ($2.88M), and Germany ($2.25M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Armenia$300k (687%)
Egypt$15.8k (13.2k%)
Gabon$9.64k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Russia WERE (2022 - 2023):
Kazakhstan-$679k (-34.3%)
Cuba-$639k (-100%)
Poland-$51.5k (-78.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $111k
TOP IMPORT POTENTIALChina+ $9.07M

Hand Tools’s highest export potential is Poland. With an export gap of $111k.   Hand Tools’s highest import potential is China with an import gap of $9.07M.

See methodology.

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