2023
Exports
$84.3MWorld Rnk 20 / 150
Flag Rnk 185 / 1200
2023
PRODUCT COMPLEXITY IN Inedible Fats and Oils
-0.38Rnk 663 / 1025
2023
Imports
$5.62MWorld Rnk 49 / 183
Flag Rnk 843 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $84.3M in Inedible Fats and Oils, making it the 20th largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 185th most exported product in Russia. The main destination of Inedible Fats and Oils exports from Russia are: Poland ($32.5M), Lithuania ($20.9M), Germany ($10.7M), Netherlands ($8.49M), and Estonia ($7.5M).

The fastest growing export markets for Inedible Fats and Oils of Russia between 2022 and 2023 were Estonia ($6.29M), Netherlands ($3.86M), and Slovakia ($1.55M).

Imports In 2023, Russia imported $5.62M in Inedible Fats and Oils, becoming the 49th largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 843rd most imported product in Russia. Russia imports Inedible Fats and Oils primarily from: Germany ($2.84M), China ($1.62M), Kazakhstan ($407k), Poland ($259k), and Turkey ($133k).

The fastest growing import markets in Inedible Fats and Oils for Russia between 2022 and 2023 were Poland ($116k), Serbia ($108k), and Italy ($76.5k).

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 Inedible Fats and Oils. 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)$84.3M
IMPORTS (2023)$5.62M
NET TRADE (2023)$78.7M

In 2023, Russia exported $84.3M in Inedible Fats and Oils. The main destinations of Russia exports on Inedible Fats and Oils were Poland ($32.5M), Lithuania ($20.9M), Germany ($10.7M), Netherlands ($8.49M), and Estonia ($7.5M).

In 2023, Russia imported $5.62M in Inedible Fats and Oils, mainly from Germany ($2.84M), China ($1.62M), Kazakhstan ($407k), Poland ($259k), and Turkey ($133k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Estonia$6.29M (521%)
Netherlands$3.86M (83.2%)
Slovakia$1.55M (257%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY Russia WERE (2022 - 2023):
Poland-$19M (-36.9%)
Germany-$6.43M (-37.5%)
Czechia-$2.33M (-72.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Inedible Fats and Oils were:
In 2023, Russia's main importing competitors in Inedible Fats and Oils were:

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Trade Value of Inedible Fats and Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $5.88M
TOP IMPORT POTENTIALChina+ $4.15M

Inedible Fats and Oils’s highest export potential is Germany. With an export gap of $5.88M.   Inedible Fats and Oils’s highest import potential is China with an import gap of $4.15M.

See methodology.

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