2023
Exports
$18.5MWorld Rnk 37 / 187
Flag Rnk 412 / 1200
2023
PRODUCT COMPLEXITY IN Electromagnets
1.1Rnk 144 / 1025
2023
Imports
$71.2MWorld Rnk 31 / 216
Flag Rnk 410 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $18.5M in Electromagnets, making it the 37th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 412th most exported product in Russia. The main destination of Electromagnets exports from Russia are: France ($13.4M), Germany ($1.87M), Kazakhstan ($1.64M), Bulgaria ($483k), and Uzbekistan ($164k).

The fastest growing export markets for Electromagnets of Russia between 2022 and 2023 were France ($13.3M), Germany ($491k), and Bulgaria ($64.5k).

Imports In 2023, Russia imported $71.2M in Electromagnets, becoming the 31st largest importer of Electromagnets in the world. At the same year, Electromagnets was the 410th most imported product in Russia. Russia imports Electromagnets primarily from: China ($64.9M), Turkey ($1.92M), Italy ($1.46M), Kazakhstan ($1.21M), and India ($531k).

The fastest growing import markets in Electromagnets for Russia between 2022 and 2023 were Turkey ($1.23M), Kazakhstan ($752k), and Armenia ($108k).

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 Electromagnets. 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)$18.5M
IMPORTS (2023)$71.2M
NET TRADE (2023)-$52.7M

In 2023, Russia exported $18.5M in Electromagnets. The main destinations of Russia exports on Electromagnets were France ($13.4M), Germany ($1.87M), Kazakhstan ($1.64M), Bulgaria ($483k), and Uzbekistan ($164k).

In 2023, Russia imported $71.2M in Electromagnets, mainly from China ($64.9M), Turkey ($1.92M), Italy ($1.46M), Kazakhstan ($1.21M), and India ($531k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Russia WERE (2022 - 2023):
France$13.3M (115k%)
Germany$491k (35.6%)
Bulgaria$64.5k (15.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Russia WERE (2022 - 2023):
China-$582k (-92.3%)
United States-$560k (-97.2%)
Kazakhstan-$324k (-16.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Electromagnets were:
China $5.34B
Germany $1.17B
Japan $974M
In 2023, Russia's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.05M
TOP IMPORT POTENTIALChina+ $33.6M

Electromagnets’s highest export potential is China. With an export gap of $1.05M.   Electromagnets’s highest import potential is China with an import gap of $33.6M.

See methodology.

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