2023
Exports
$2.44MWorld Rnk 30 / 187
Flag Rnk 727 / 1200
2023
PRODUCT COMPLEXITY IN Tool Sets
1.14Rnk 126 / 1025
2023
Imports
$114MWorld Rnk 2 / 219
Flag Rnk 326 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $2.44M in Tool Sets, making it the 30th largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 727th most exported product in Russia. The main destination of Tool Sets exports from Russia are: Kazakhstan ($2.1M), Armenia ($238k), Uzbekistan ($26.5k), Azerbaijan ($22.4k), and Turkey ($16.2k).

The fastest growing export markets for Tool Sets of Russia between 2022 and 2023 were Armenia ($166k), Turkey ($15.9k), and Azerbaijan ($9.49k).

Imports In 2023, Russia imported $114M in Tool Sets, becoming the 2nd largest importer of Tool Sets in the world. At the same year, Tool Sets was the 326th most imported product in Russia. Russia imports Tool Sets primarily from: China ($85.8M), Chinese Taipei ($18.3M), Kazakhstan ($5.49M), Kyrgyzstan ($745k), and Poland ($714k).

The fastest growing import markets in Tool Sets for Russia between 2022 and 2023 were China ($29.9M), Kazakhstan ($5.26M), and Chinese Taipei ($3.3M).

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 Tool Sets. 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)$2.44M
IMPORTS (2023)$114M
NET TRADE (2023)-$111M

In 2023, Russia exported $2.44M in Tool Sets. The main destinations of Russia exports on Tool Sets were Kazakhstan ($2.1M), Armenia ($238k), Uzbekistan ($26.5k), Azerbaijan ($22.4k), and Turkey ($16.2k).

In 2023, Russia imported $114M in Tool Sets, mainly from China ($85.8M), Chinese Taipei ($18.3M), Kazakhstan ($5.49M), Kyrgyzstan ($745k), and Poland ($714k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Armenia$166k (229%)
Turkey$15.9k (5.06k%)
Azerbaijan$9.49k (73.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Russia WERE (2022 - 2023):
Kazakhstan-$1.27M (-37.7%)
Mongolia-$278k (-100%)
Vietnam-$249k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Tool Sets were:
In 2023, Russia's main importing competitors in Tool Sets were:

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $38.7k
TOP IMPORT POTENTIALChina+ $4.89M

Tool Sets’s highest export potential is Vietnam. With an export gap of $38.7k.   Tool Sets’s highest import potential is China with an import gap of $4.89M.

See methodology.

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