2022
Exports
$25.6MWorld Rnk 27 / 159
Flag Rnk 400 / 1200
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2022
Imports
$120MWorld Rnk 15 / 209
Flag Rnk 328 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $25.6M in Electric Furnaces, making it the 27th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 400th most exported product in Russia. The main destination of Electric Furnaces exports from Russia are: Kazakhstan ($19.9M), Serbia ($1.35M), Uzbekistan ($1.07M), China ($820k), and South Korea ($459k).

The fastest growing export markets for Electric Furnaces of Russia between 2021 and 2022 were Kazakhstan ($8.57M), Serbia ($1.34M), and South Korea ($306k).

Imports In 2022, Russia imported $120M in Electric Furnaces, becoming the 15th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 328th most imported product in Russia. Russia imports Electric Furnaces primarily from: Italy ($32.2M), China ($29M), Germany ($21M), Lithuania ($7.47M), and Turkey ($6.63M).

The fastest growing import markets in Electric Furnaces for Russia between 2021 and 2022 were Italy ($4.95M), Turkey ($2.18M), and Belgium ($1.06M).

Latest Trends

Jul 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 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 (2022)$25.6M
IMPORTS (2022)$120M
NET TRADE (2022)-$94.2M

In 2022, Russia exported $25.6M in Electric Furnaces. The main destinations of Russia exports on Electric Furnaces were Kazakhstan ($19.9M), Serbia ($1.35M), Uzbekistan ($1.07M), China ($820k), and South Korea ($459k).

In 2022, Russia imported $120M in Electric Furnaces, mainly from Italy ($32.2M), China ($29M), Germany ($21M), Lithuania ($7.47M), and Turkey ($6.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Kazakhstan$8.57M (75.4%)
Serbia$1.34M (8.3k%)
South Korea$306k (199%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Russia WERE (2021 - 2022):
Belarus-$4.55M (-100%)
China-$3.87M (-82.5%)
Bangladesh-$1.17M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, 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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