2022
Exports
$12.4MWorld Rnk 23 / 97
Flag Rnk 506 / 1200
2022
PRODUCT COMPLEXITY IN Nickel Bars
1.16Rnk 113 / 1025
2022
Imports
$16.4MWorld Rnk 33 / 170
Flag Rnk 700 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $12.4M in Nickel Bars, making it the 23rd largest exporter of Nickel Bars in the world. At the same year, Nickel Bars was the 506th most exported product in Russia. The main destination of Nickel Bars exports from Russia are: Ukraine ($3.9M), Germany ($3.53M), Latvia ($2M), Turkey ($767k), and United Arab Emirates ($521k).

The fastest growing export markets for Nickel Bars of Russia between 2021 and 2022 were Ukraine ($2.1M), Germany ($333k), and South Korea ($297k).

Imports In 2022, Russia imported $16.4M in Nickel Bars, becoming the 33rd largest importer of Nickel Bars in the world. At the same year, Nickel Bars was the 700th most imported product in Russia. Russia imports Nickel Bars primarily from: China ($13.1M), Germany ($1.35M), Estonia ($362k), Kazakhstan ($337k), and Ukraine ($301k).

The fastest growing import markets in Nickel Bars for Russia between 2021 and 2022 were China ($2.35M), Estonia ($362k), and Kazakhstan ($337k).

Latest Trends

Aug 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 Nickel Bars. 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)$12.4M
IMPORTS (2022)$16.4M
NET TRADE (2022)-$4.03M

In 2022, Russia exported $12.4M in Nickel Bars. The main destinations of Russia exports on Nickel Bars were Ukraine ($3.9M), Germany ($3.53M), Latvia ($2M), Turkey ($767k), and United Arab Emirates ($521k).

In 2022, Russia imported $16.4M in Nickel Bars, mainly from China ($13.1M), Germany ($1.35M), Estonia ($362k), Kazakhstan ($337k), and Ukraine ($301k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nickel Bars EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Ukraine$2.1M (117%)
Germany$333k (10.4%)
South Korea$297k (5.75k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel Bars BY Russia WERE (2021 - 2022):
Poland-$7.37M (-100%)
Italy-$1.76M (-100%)
India-$1.29M (-80.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Nickel Bars were:
In 2022, Russia's main importing competitors in Nickel Bars were:

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Trade Value of Nickel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $674k
TOP IMPORT POTENTIALGermany+ $1.16M

Nickel Bars’s highest export potential is Germany. With an export gap of $674k.   Nickel Bars’s highest import potential is Germany with an import gap of $1.16M.

See methodology.

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