2023
Exports
$13.7MWorld Rnk 39 / 197
Flag Rnk 463 / 1200
2023
PRODUCT COMPLEXITY IN Iron Springs
0.93Rnk 197 / 1025
2023
Imports
$64.3MWorld Rnk 31 / 218
Flag Rnk 425 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $13.7M in Iron Springs, making it the 39th largest exporter of Iron Springs in the world. At the same year, Iron Springs was the 463rd most exported product in Russia. The main destination of Iron Springs exports from Russia are: Kazakhstan ($7.49M), Turkey ($3.47M), Uzbekistan ($1.21M), Azerbaijan ($477k), and Armenia ($246k).

The fastest growing export markets for Iron Springs of Russia between 2022 and 2023 were Turkey ($2.26M), Azerbaijan ($111k), and Latvia ($85.4k).

Imports In 2023, Russia imported $64.3M in Iron Springs, becoming the 31st largest importer of Iron Springs in the world. At the same year, Iron Springs was the 425th most imported product in Russia. Russia imports Iron Springs primarily from: China ($31.6M), Turkey ($11M), Germany ($6.79M), Kazakhstan ($4.5M), and Belgium ($2.46M).

The fastest growing import markets in Iron Springs for Russia between 2022 and 2023 were China ($12.1M), Kazakhstan ($3.55M), and Turkey ($2.91M).

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 Iron Springs. 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)$13.7M
IMPORTS (2023)$64.3M
NET TRADE (2023)-$50.5M

In 2023, Russia exported $13.7M in Iron Springs. The main destinations of Russia exports on Iron Springs were Kazakhstan ($7.49M), Turkey ($3.47M), Uzbekistan ($1.21M), Azerbaijan ($477k), and Armenia ($246k).

In 2023, Russia imported $64.3M in Iron Springs, mainly from China ($31.6M), Turkey ($11M), Germany ($6.79M), Kazakhstan ($4.5M), and Belgium ($2.46M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Springs EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Turkey$2.26M (188%)
Azerbaijan$111k (30.4%)
Latvia$85.4k (433%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Springs BY Russia WERE (2022 - 2023):
Germany-$4.81M (-98.3%)
Czechia-$880k (-88.3%)
Slovakia-$729k (-84.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Iron Springs were:
In 2023, Russia's main importing competitors in Iron Springs were:

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Trade Value of Iron Springs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.31M
TOP IMPORT POTENTIALChina+ $11.4M

Iron Springs’s highest export potential is Germany. With an export gap of $1.31M.   Iron Springs’s highest import potential is China with an import gap of $11.4M.

See methodology.

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