2023
Exports
$210MWorld Rnk 10 / 162
Flag Rnk 100 / 1200
2023
PRODUCT COMPLEXITY IN Margarine
-0.85Rnk 793 / 1025
2023
Imports
$63.8MWorld Rnk 33 / 221
Flag Rnk 429 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $210M in Margarine, making it the 10th largest exporter of Margarine in the world. At the same year, Margarine was the 100th most exported product in Russia. The main destination of Margarine exports from Russia are: Kazakhstan ($74.3M), Uzbekistan ($56.7M), Azerbaijan ($30.9M), Armenia ($19.4M), and Kyrgyzstan ($13.1M).

The fastest growing export markets for Margarine of Russia between 2022 and 2023 were Serbia ($820k), Israel ($426k), and North Macedonia ($95.6k).

Imports In 2023, Russia imported $63.8M in Margarine, becoming the 33rd largest importer of Margarine in the world. At the same year, Margarine was the 429th most imported product in Russia. Russia imports Margarine primarily from: Netherlands ($24M), Indonesia ($19.4M), Italy ($5.76M), Malaysia ($2.64M), and Lithuania ($2.07M).

The fastest growing import markets in Margarine for Russia between 2022 and 2023 were Netherlands ($6.4M), India ($1.47M), and Lithuania ($643k).

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 Margarine. 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)$210M
IMPORTS (2023)$63.8M
NET TRADE (2023)$146M

In 2023, Russia exported $210M in Margarine. The main destinations of Russia exports on Margarine were Kazakhstan ($74.3M), Uzbekistan ($56.7M), Azerbaijan ($30.9M), Armenia ($19.4M), and Kyrgyzstan ($13.1M).

In 2023, Russia imported $63.8M in Margarine, mainly from Netherlands ($24M), Indonesia ($19.4M), Italy ($5.76M), Malaysia ($2.64M), and Lithuania ($2.07M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Serbia$820k (20.5%)
Israel$426k (104%)
North Macedonia$95.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY Russia WERE (2022 - 2023):
Uzbekistan-$118M (-67.6%)
Tajikistan-$56.2M (-100%)
Kazakhstan-$29.5M (-28.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Margarine were:
In 2023, Russia's main importing competitors in Margarine were:
China $1.08B

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Trade Value of Margarine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.04M
TOP IMPORT POTENTIALIndonesia+ $9.97M

Margarine’s highest export potential is China. With an export gap of $3.04M.   Margarine’s highest import potential is Indonesia with an import gap of $9.97M.

See methodology.

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