2023
Exports
$17.2MWorld Rnk 34 / 160
Flag Rnk 427 / 1200
2023
PRODUCT COMPLEXITY IN Electric Furnaces
1.62Rnk 31 / 1025
2023
Imports
$172MWorld Rnk 10 / 206
Flag Rnk 251 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $17.2M in Electric Furnaces, making it the 34th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 427th most exported product in Russia. The main destination of Electric Furnaces exports from Russia are: Kazakhstan ($9.16M), China ($2.9M), Turkey ($1.82M), Uzbekistan ($1.73M), and Serbia ($450k).

The fastest growing export markets for Electric Furnaces of Russia between 2022 and 2023 were China ($2.08M), Turkey ($1.68M), and Uzbekistan ($668k).

Imports In 2023, Russia imported $172M in Electric Furnaces, becoming the 10th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 251st most imported product in Russia. Russia imports Electric Furnaces primarily from: China ($73.9M), Germany ($39.7M), Italy ($33.7M), Turkey ($10.2M), and Lithuania ($5.33M).

The fastest growing import markets in Electric Furnaces for Russia between 2022 and 2023 were China ($45M), Germany ($18.7M), and Turkey ($3.54M).

Latest Trends

Jan 2025

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 Electric Furnaces. 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)$17.2M
IMPORTS (2023)$172M
NET TRADE (2023)-$155M

In 2023, Russia exported $17.2M in Electric Furnaces. The main destinations of Russia exports on Electric Furnaces were Kazakhstan ($9.16M), China ($2.9M), Turkey ($1.82M), Uzbekistan ($1.73M), and Serbia ($450k).

In 2023, Russia imported $172M in Electric Furnaces, mainly from China ($73.9M), Germany ($39.7M), Italy ($33.7M), Turkey ($10.2M), and Lithuania ($5.33M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Russia WERE (2022 - 2023):
China$2.08M (253%)
Turkey$1.68M (1.17k%)
Uzbekistan$668k (62.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Russia WERE (2022 - 2023):
Kazakhstan-$10.8M (-54%)
Serbia-$903k (-66.7%)
South Korea-$459k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Electric Furnaces were:
China $1.28B
Italy $638M
In 2023, Russia's main importing competitors in Electric Furnaces were:

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.66M
TOP IMPORT POTENTIALChina+ $16.8M

Electric Furnaces’s highest export potential is China. With an export gap of $1.66M.   Electric Furnaces’s highest import potential is China with an import gap of $16.8M.

See methodology.

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