2023
Exports
$231MWorld Rnk 59 / 223
Flag Rnk 93 / 1200
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$469MWorld Rnk 49 / 225
Flag Rnk 110 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $231M in Insulated Wire, making it the 59th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 93rd most exported product in Russia. The main destination of Insulated Wire exports from Russia are: Kazakhstan ($133M), Uzbekistan ($34.5M), Turkey ($16.6M), Azerbaijan ($11.1M), and Armenia ($5.97M).

The fastest growing export markets for Insulated Wire of Russia between 2022 and 2023 were Uzbekistan ($26.9M), Turkey ($13.6M), and Hong Kong ($920k).

Imports In 2023, Russia imported $469M in Insulated Wire, becoming the 49th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 110th most imported product in Russia. Russia imports Insulated Wire primarily from: China ($351M), Kazakhstan ($24.7M), Turkey ($21.3M), India ($14.3M), and Germany ($7.46M).

The fastest growing import markets in Insulated Wire for Russia between 2022 and 2023 were China ($33.4M), India ($8.76M), and Kazakhstan ($6.66M).

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 Insulated Wire. 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)$231M
IMPORTS (2023)$469M
NET TRADE (2023)-$238M

In 2023, Russia exported $231M in Insulated Wire. The main destinations of Russia exports on Insulated Wire were Kazakhstan ($133M), Uzbekistan ($34.5M), Turkey ($16.6M), Azerbaijan ($11.1M), and Armenia ($5.97M).

In 2023, Russia imported $469M in Insulated Wire, mainly from China ($351M), Kazakhstan ($24.7M), Turkey ($21.3M), India ($14.3M), and Germany ($7.46M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Uzbekistan$26.9M (354%)
Turkey$13.6M (446%)
Hong Kong$920k (1.89k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Russia WERE (2022 - 2023):
United States-$29.5M (-88.6%)
Finland-$24.8M (-99.3%)
Mongolia-$16.9M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Insulated Wire were:
In 2023, Russia's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $40.1M
TOP IMPORT POTENTIALChina+ $208M

Insulated Wire’s highest export potential is United States. With an export gap of $40.1M.   Insulated Wire’s highest import potential is China with an import gap of $208M.

See methodology.

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