2022
Exports
$47.1MWorld Rnk 41 / 213
Flag Rnk 305 / 1200
2022
PRODUCT COMPLEXITY IN Interchangeable Tool Parts
1.7Rnk 24 / 1025
2022
Imports
$446MWorld Rnk 15 / 225
Flag Rnk 114 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $47.1M in Interchangeable Tool Parts, making it the 41st largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 305th most exported product in Russia. The main destination of Interchangeable Tool Parts exports from Russia are: Kazakhstan ($14.6M), Uzbekistan ($9.26M), Kuwait ($2.75M), Germany ($2.27M), and Australia ($1.43M).

The fastest growing export markets for Interchangeable Tool Parts of Russia between 2021 and 2022 were Kuwait ($2.72M), Belgium ($1.19M), and Jordan ($614k).

Imports In 2022, Russia imported $446M in Interchangeable Tool Parts, becoming the 15th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 114th most imported product in Russia. Russia imports Interchangeable Tool Parts primarily from: China ($239M), Germany ($48.6M), Turkey ($28M), South Korea ($25.1M), and Chinese Taipei ($16M).

The fastest growing import markets in Interchangeable Tool Parts for Russia between 2021 and 2022 were China ($27.9M), Kazakhstan ($10.2M), and Chinese Taipei ($4.62M).

Latest Trends

Jul 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 Interchangeable Tool 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 (2022)$47.1M
IMPORTS (2022)$446M
NET TRADE (2022)-$399M

In 2022, Russia exported $47.1M in Interchangeable Tool Parts. The main destinations of Russia exports on Interchangeable Tool Parts were Kazakhstan ($14.6M), Uzbekistan ($9.26M), Kuwait ($2.75M), Germany ($2.27M), and Australia ($1.43M).

In 2022, Russia imported $446M in Interchangeable Tool Parts, mainly from China ($239M), Germany ($48.6M), Turkey ($28M), South Korea ($25.1M), and Chinese Taipei ($16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Kuwait$2.72M (8.96k%)
Belgium$1.19M (1.15k%)
Jordan$614k (195%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Russia WERE (2021 - 2022):
Belarus-$12.6M (-100%)
Kazakhstan-$8.22M (-36%)
Ukraine-$4.22M (-96.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Interchangeable Tool Parts were:
In 2022, Russia's main importing competitors in Interchangeable Tool Parts were:

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $2.67M
TOP IMPORT POTENTIALChina+ $71.8M

Interchangeable Tool Parts’s highest export potential is Germany. With an export gap of $2.67M.   Interchangeable Tool Parts’s highest import potential is China with an import gap of $71.8M.

See methodology.

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