2023
Exports
$68.2MWorld Rnk 58 / 223
Flag Rnk 207 / 1200
2023
PRODUCT COMPLEXITY IN Electrical Transformers
0.68Rnk 293 / 1025
2023
Imports
$1.49BWorld Rnk 30 / 225
Flag Rnk 19 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $68.2M in Electrical Transformers, making it the 58th largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 207th most exported product in Russia. The main destination of Electrical Transformers exports from Russia are: Kazakhstan ($33.4M), Uzbekistan ($14.7M), China ($4.59M), Armenia ($3.79M), and Kyrgyzstan ($1.97M).

The fastest growing export markets for Electrical Transformers of Russia between 2022 and 2023 were Armenia ($2.1M), India ($945k), and Kyrgyzstan ($865k).

Imports In 2023, Russia imported $1.49B in Electrical Transformers, becoming the 30th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 19th most imported product in Russia. Russia imports Electrical Transformers primarily from: China ($1.23B), Kazakhstan ($88M), Turkey ($31.5M), Uzbekistan ($23M), and Hong Kong ($21.8M).

The fastest growing import markets in Electrical Transformers for Russia between 2022 and 2023 were China ($598M), Kazakhstan ($30M), and Turkey ($8.14M).

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 Electrical Transformers. 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)$68.2M
IMPORTS (2023)$1.49B
NET TRADE (2023)-$1.42B

In 2023, Russia exported $68.2M in Electrical Transformers. The main destinations of Russia exports on Electrical Transformers were Kazakhstan ($33.4M), Uzbekistan ($14.7M), China ($4.59M), Armenia ($3.79M), and Kyrgyzstan ($1.97M).

In 2023, Russia imported $1.49B in Electrical Transformers, mainly from China ($1.23B), Kazakhstan ($88M), Turkey ($31.5M), Uzbekistan ($23M), and Hong Kong ($21.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Armenia$2.1M (124%)
India$945k (124%)
Kyrgyzstan$865k (78.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY Russia WERE (2022 - 2023):
Turkey-$18.9M (-97%)
Germany-$16.8M (-91.9%)
Tajikistan-$9.58M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Electrical Transformers were:
China $51.9B
Germany $12.8B
Mexico $6.34B
In 2023, Russia's main importing competitors in Electrical Transformers were:

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Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $13.5M
TOP IMPORT POTENTIALChina+ $384M

Electrical Transformers’s highest export potential is Germany. With an export gap of $13.5M.   Electrical Transformers’s highest import potential is China with an import gap of $384M.

See methodology.

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