2022
Exports
$60.9MWorld Rnk 44 / 224
Flag Rnk 258 / 1200
2022
PRODUCT COMPLEXITY IN Iron Fasteners
1.68Rnk 27 / 1025
2022
Imports
$695MWorld Rnk 20 / 225
Flag Rnk 63 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $60.9M in Iron Fasteners, making it the 44th largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 258th most exported product in Russia. The main destination of Iron Fasteners exports from Russia are: Kazakhstan ($34.6M), Uzbekistan ($5.2M), Germany ($4.86M), Armenia ($1.94M), and Austria ($1.58M).

The fastest growing export markets for Iron Fasteners of Russia between 2021 and 2022 were Armenia ($767k), Kazakhstan ($509k), and Kyrgyzstan ($414k).

Imports In 2022, Russia imported $695M in Iron Fasteners, becoming the 20th largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 63rd most imported product in Russia. Russia imports Iron Fasteners primarily from: China ($479M), Germany ($45.7M), Chinese Taipei ($34.6M), Turkey ($19.5M), and Italy ($12.3M).

The fastest growing import markets in Iron Fasteners for Russia between 2021 and 2022 were Turkey ($5.53M), Kazakhstan ($4.01M), and Uzbekistan ($1.01M).

Latest Trends

Sep 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 Iron Fasteners. 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)$60.9M
IMPORTS (2022)$695M
NET TRADE (2022)-$634M

In 2022, Russia exported $60.9M in Iron Fasteners. The main destinations of Russia exports on Iron Fasteners were Kazakhstan ($34.6M), Uzbekistan ($5.2M), Germany ($4.86M), Armenia ($1.94M), and Austria ($1.58M).

In 2022, Russia imported $695M in Iron Fasteners, mainly from China ($479M), Germany ($45.7M), Chinese Taipei ($34.6M), Turkey ($19.5M), and Italy ($12.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Fasteners EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Armenia$767k (65.5%)
Kazakhstan$509k (1.49%)
Kyrgyzstan$414k (54.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Fasteners BY Russia WERE (2021 - 2022):
Belarus-$22.3M (-100%)
India-$7.59M (-98.2%)
Bangladesh-$4.75M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Iron Fasteners were:
In 2022, Russia's main importing competitors in Iron Fasteners were:

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Trade Value of Iron Fasteners by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $4.88M
TOP IMPORT POTENTIALChina+ $148M

Iron Fasteners’s highest export potential is Germany. With an export gap of $4.88M.   Iron Fasteners’s highest import potential is China with an import gap of $148M.

See methodology.

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