2022
Exports
$1.16BWorld Rnk 25 / 98
Flag Rnk 32 / 1200
2022
PRODUCT COMPLEXITY IN Electricity
-0.67Rnk 750 / 1025
2022
Imports
$81.4MWorld Rnk 70 / 128
Flag Rnk 396 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $1.16B in Electricity, making it the 25th largest exporter of Electricity in the world. At the same year, Electricity was the 32nd most exported product in Russia. The main destination of Electricity exports from Russia are: Finland ($349M), Latvia ($254M), China ($216M), Kazakhstan ($140M), and Lithuania ($119M).

The fastest growing export markets for Electricity of Russia between 2021 and 2022 were Latvia ($99.5M), Kazakhstan ($50.6M), and China ($26.4M).

Imports In 2022, Russia imported $81.4M in Electricity, becoming the 70th largest importer of Electricity in the world. At the same year, Electricity was the 396th most imported product in Russia. Russia imports Electricity primarily from: Lithuania ($35.6M), Kazakhstan ($30.5M), Latvia ($11.3M), Azerbaijan ($3.64M), and Mongolia ($331k).

The fastest growing import markets in Electricity for Russia between 2021 and 2022 were Lithuania ($25M), Kazakhstan ($10.3M), and Latvia ($3.8M).

Latest Trends

Sep 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 Electricity. 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)$1.16B
IMPORTS (2022)$81.4M
NET TRADE (2022)$1.07B

In 2022, Russia exported $1.16B in Electricity. The main destinations of Russia exports on Electricity were Finland ($349M), Latvia ($254M), China ($216M), Kazakhstan ($140M), and Lithuania ($119M).

In 2022, Russia imported $81.4M in Electricity, mainly from Lithuania ($35.6M), Kazakhstan ($30.5M), Latvia ($11.3M), Azerbaijan ($3.64M), and Mongolia ($331k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Latvia$99.5M (64.5%)
Kazakhstan$50.6M (56.7%)
China$26.4M (13.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Russia WERE (2021 - 2022):
Finland-$310M (-47%)
Belarus-$21.1M (-100%)
Lithuania-$13.7M (-10.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Electricity were:
In 2022, Russia's main importing competitors in Electricity were:
France $14.6B
Germany $12.9B
Italy $11.9B

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Trade Value of Electricity by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $16.8M
TOP IMPORT POTENTIALLatvia+ $5.58M

Electricity’s highest export potential is China. With an export gap of $16.8M.   Electricity’s highest import potential is Latvia with an import gap of $5.58M.

See methodology.

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