2022
Exports
$216MWorld Rnk 36 / 192
Flag Rnk 118 / 1200
2022
PRODUCT COMPLEXITY IN Gas Turbines
0.71Rnk 270 / 1025
2022
Imports
$419MWorld Rnk 42 / 207
Flag Rnk 119 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $216M in Gas Turbines, making it the 36th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 118th most exported product in Russia. The main destination of Gas Turbines exports from Russia are: United States ($45.3M), Hong Kong ($41.1M), Germany ($29.1M), Brazil ($22.5M), and United Kingdom ($18.1M).

The fastest growing export markets for Gas Turbines of Russia between 2021 and 2022 were Brazil ($8.88M), Azerbaijan ($2.39M), and Kazakhstan ($1.03M).

Imports In 2022, Russia imported $419M in Gas Turbines, becoming the 42nd largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 119th most imported product in Russia. Russia imports Gas Turbines primarily from: Italy ($122M), Hong Kong ($70.7M), United States ($70.6M), Switzerland ($35.9M), and Japan ($22.6M).

The fastest growing import markets in Gas Turbines for Russia between 2021 and 2022 were Italy ($40.3M), Switzerland ($8.52M), and India ($3.45M).

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 Gas Turbines. 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)$216M
IMPORTS (2022)$419M
NET TRADE (2022)-$204M

In 2022, Russia exported $216M in Gas Turbines. The main destinations of Russia exports on Gas Turbines were United States ($45.3M), Hong Kong ($41.1M), Germany ($29.1M), Brazil ($22.5M), and United Kingdom ($18.1M).

In 2022, Russia imported $419M in Gas Turbines, mainly from Italy ($122M), Hong Kong ($70.7M), United States ($70.6M), Switzerland ($35.9M), and Japan ($22.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Brazil$8.88M (65.4%)
Azerbaijan$2.39M (52.1%)
Kazakhstan$1.03M (364%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Russia WERE (2021 - 2022):
China-$1.74B (-99.3%)
Netherlands-$101M (-99.9%)
India-$77.9M (-99.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Gas Turbines were:
In 2022, Russia's main importing competitors in Gas Turbines were:

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $41M
TOP IMPORT POTENTIALUnited States+ $47.9M

Gas Turbines’s highest export potential is United States. With an export gap of $41M.   Gas Turbines’s highest import potential is United States with an import gap of $47.9M.

See methodology.

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