2022
Exports
$1.07MWorld Rnk 42 / 167
Flag Rnk 881 / 1200
2022
PRODUCT COMPLEXITY IN Electric Musical Instruments
0.55Rnk 344 / 1025
2022
Imports
$19.8MWorld Rnk 29 / 210
Flag Rnk 656 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $1.07M in Electric Musical Instruments, making it the 42nd largest exporter of Electric Musical Instruments in the world. At the same year, Electric Musical Instruments was the 881st most exported product in Russia. The main destination of Electric Musical Instruments exports from Russia are: Kazakhstan ($743k), Poland ($68.3k), Germany ($65.4k), United States ($34.2k), and France ($31.1k).

The fastest growing export markets for Electric Musical Instruments of Russia between 2021 and 2022 were Germany ($28.9k), Georgia ($20.9k), and Estonia ($15.8k).

Imports In 2022, Russia imported $19.8M in Electric Musical Instruments, becoming the 29th largest importer of Electric Musical Instruments in the world. At the same year, Electric Musical Instruments was the 656th most imported product in Russia. Russia imports Electric Musical Instruments primarily from: China ($10.7M), Indonesia ($2.12M), Germany ($1.66M), Japan ($1.65M), and Turkey ($842k).

The fastest growing import markets in Electric Musical Instruments for Russia between 2021 and 2022 were Turkey ($842k), Hong Kong ($784k), and United Arab Emirates ($157k).

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 Musical Instruments. 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)$1.07M
IMPORTS (2022)$19.8M
NET TRADE (2022)-$18.7M

In 2022, Russia exported $1.07M in Electric Musical Instruments. The main destinations of Russia exports on Electric Musical Instruments were Kazakhstan ($743k), Poland ($68.3k), Germany ($65.4k), United States ($34.2k), and France ($31.1k).

In 2022, Russia imported $19.8M in Electric Musical Instruments, mainly from China ($10.7M), Indonesia ($2.12M), Germany ($1.66M), Japan ($1.65M), and Turkey ($842k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Musical Instruments EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Germany$28.9k (79.1%)
Georgia$20.9k (338%)
Estonia$15.8k (144k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Musical Instruments BY Russia WERE (2021 - 2022):
Kazakhstan-$2.91M (-79.6%)
Belarus-$2.17M (-100%)
Kyrgyzstan-$83.4k (-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 Musical Instruments were:
In 2022, Russia's main importing competitors in Electric Musical Instruments were:

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Trade Value of Electric Musical Instruments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $113k
TOP IMPORT POTENTIALChina+ $5.92M

Electric Musical Instruments’s highest export potential is Germany. With an export gap of $113k.   Electric Musical Instruments’s highest import potential is China with an import gap of $5.92M.

See methodology.

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