2022
Exports
$597MWorld Rnk 14 / 160
Flag Rnk 54 / 1200
2022
PRODUCT COMPLEXITY IN Corn
-1.16Rnk 869 / 1025
2022
Imports
$158MWorld Rnk 53 / 212
Flag Rnk 268 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $597M in Corn, making it the 14th largest exporter of Corn in the world. At the same year, Corn was the 54th most exported product in Russia. The main destination of Corn exports from Russia are: Turkey ($350M), South Korea ($70.8M), Latvia ($37.9M), China ($25.5M), and Armenia ($20.8M).

The fastest growing export markets for Corn of Russia between 2021 and 2022 were Turkey ($88M), Armenia ($13.2M), and Azerbaijan ($11.2M).

Imports In 2022, Russia imported $158M in Corn, becoming the 53rd largest importer of Corn in the world. At the same year, Corn was the 268th most imported product in Russia. Russia imports Corn primarily from: Hungary ($67.5M), France ($45.4M), Austria ($14.6M), Serbia ($8.72M), and Romania ($7.14M).

The fastest growing import markets in Corn for Russia between 2021 and 2022 were Hungary ($16.3M), France ($10.9M), and Austria ($6.91M).

Latest Trends

Oct 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 Corn. 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)$597M
IMPORTS (2022)$158M
NET TRADE (2022)$439M

In 2022, Russia exported $597M in Corn. The main destinations of Russia exports on Corn were Turkey ($350M), South Korea ($70.8M), Latvia ($37.9M), China ($25.5M), and Armenia ($20.8M).

In 2022, Russia imported $158M in Corn, mainly from Hungary ($67.5M), France ($45.4M), Austria ($14.6M), Serbia ($8.72M), and Romania ($7.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Corn EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Turkey$88M (33.6%)
Armenia$13.2M (173%)
Azerbaijan$11.2M (186%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Corn BY Russia WERE (2021 - 2022):
Iran-$103M (-100%)
South Korea-$79.6M (-52.9%)
Vietnam-$27.4M (-98.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Corn were:
In 2022, Russia's main importing competitors in Corn were:
China $6.81B
Mexico $5.38B
Japan $5.12B

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Trade Value of Corn by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $45M
TOP IMPORT POTENTIALRomania+ $6.41M

Corn’s highest export potential is China. With an export gap of $45M.   Corn’s highest import potential is Romania with an import gap of $6.41M.

See methodology.

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