2022
Exports | Imports
$13.4M | $257MWorld Rnk 37 / 165
Flag Rnk 498 / 1200
World Rnk 10 / 211
Flag Rnk 190 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.42Rnk 45 / 124
2022
PRODUCT COMPLEXITY IN Forging Machines
1.41Rnk 62 / 1025

About

Exports In 2022, Russia exported $13.4M in Forging Machines, making it the 37th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 498th most exported product in Russia. The main destination of Forging Machines exports from Russia are: Kazakhstan ($6.47M), Turkey ($1.95M), Slovenia ($1.02M), India ($712k), and China ($677k).

The fastest growing export markets for Forging Machines of Russia between 2021 and 2022 were Kazakhstan ($1.07M), Slovenia ($999k), and Turkey ($591k).

Imports In 2022, Russia imported $257M in Forging Machines, becoming the 10th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 190th most imported product in Russia. Russia imports Forging Machines primarily from: China ($88.7M), Italy ($57.3M), Turkey ($54.3M), Czechia ($16.2M), and Germany ($9.42M).

The fastest growing import markets in Forging Machines for Russia between 2021 and 2022 were Turkey ($17.4M), China ($15.2M), and Italy ($15.1M).

COMPANIES In 2021, leading companies such as were at the forefront of shipping Forging Machines from Russia to the United States.

Latest Trends

Feb 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 Forging Machines. 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)$13.4M
IMPORTS (2022)$257M
NET TRADE (2022)-$243M

In 2022, Russia exported $13.4M in Forging Machines. The main destinations of Russia exports on Forging Machines were Kazakhstan ($6.47M), Turkey ($1.95M), Slovenia ($1.02M), India ($712k), and China ($677k).

In 2022, Russia imported $257M in Forging Machines, mainly from China ($88.7M), Italy ($57.3M), Turkey ($54.3M), Czechia ($16.2M), and Germany ($9.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Kazakhstan$1.07M (19.7%)
Slovenia$999k (4.67k%)
Turkey$591k (43.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Russia WERE (2021 - 2022):
India-$12M (-94.4%)
Belarus-$6.04M (-100%)
China-$3.2M (-82.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Russia's main importing competitors in Forging Machines were:

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Trade Value of Forging Machines by Exporters

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