2023
Exports
$7.48MWorld Rnk 42 / 189
Flag Rnk 548 / 1200
2023
PRODUCT COMPLEXITY IN Iron Chains
1.48Rnk 48 / 1025
2023
Imports
$125MWorld Rnk 14 / 221
Flag Rnk 308 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $7.48M in Iron Chains, making it the 42nd largest exporter of Iron Chains in the world. At the same year, Iron Chains was the 548th most exported product in Russia. The main destination of Iron Chains exports from Russia are: Kazakhstan ($6.09M), Uzbekistan ($531k), Georgia ($256k), Armenia ($248k), and Egypt ($145k).

The fastest growing export markets for Iron Chains of Russia between 2022 and 2023 were Kazakhstan ($1.06M), Georgia ($203k), and Egypt ($130k).

Imports In 2023, Russia imported $125M in Iron Chains, becoming the 14th largest importer of Iron Chains in the world. At the same year, Iron Chains was the 308th most imported product in Russia. Russia imports Iron Chains primarily from: China ($83.6M), Germany ($12M), Italy ($8.38M), Turkey ($5.14M), and Lithuania ($2.66M).

The fastest growing import markets in Iron Chains for Russia between 2022 and 2023 were Turkey ($2.3M), China ($881k), and Italy ($703k).

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 Iron Chains. 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)$7.48M
IMPORTS (2023)$125M
NET TRADE (2023)-$118M

In 2023, Russia exported $7.48M in Iron Chains. The main destinations of Russia exports on Iron Chains were Kazakhstan ($6.09M), Uzbekistan ($531k), Georgia ($256k), Armenia ($248k), and Egypt ($145k).

In 2023, Russia imported $125M in Iron Chains, mainly from China ($83.6M), Germany ($12M), Italy ($8.38M), Turkey ($5.14M), and Lithuania ($2.66M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Chains EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Kazakhstan$1.06M (21%)
Georgia$203k (382%)
Egypt$130k (906%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Chains BY Russia WERE (2022 - 2023):
Uzbekistan-$498k (-48.4%)
Kyrgyzstan-$329k (-86.4%)
Turkey-$208k (-96.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Iron Chains were:
China $2.04B
Japan $495M
In 2023, Russia's main importing competitors in Iron Chains were:

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Trade Value of Iron Chains by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $201k
TOP IMPORT POTENTIALChina+ $26.8M

Iron Chains’s highest export potential is Germany. With an export gap of $201k.   Iron Chains’s highest import potential is China with an import gap of $26.8M.

See methodology.

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