2023
Exports
$49.4MWorld Rnk 44 / 226
Flag Rnk 246 / 1200
2023
PRODUCT COMPLEXITY IN Iron Fasteners
1.67Rnk 25 / 1025
2023
Imports
$616MWorld Rnk 23 / 226
Flag Rnk 79 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $49.4M in Iron Fasteners, making it the 44th largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 246th most exported product in Russia. The main destination of Iron Fasteners exports from Russia are: Kazakhstan ($29.9M), Uzbekistan ($6.6M), Armenia ($2.15M), Azerbaijan ($1.94M), and Egypt ($1.73M).

The fastest growing export markets for Iron Fasteners of Russia between 2022 and 2023 were Uzbekistan ($1.29M), India ($1.01M), and Kyrgyzstan ($476k).

Imports In 2023, Russia imported $616M in Iron Fasteners, becoming the 23rd largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 79th most imported product in Russia. Russia imports Iron Fasteners primarily from: China ($441M), Germany ($29.1M), Turkey ($27.8M), Chinese Taipei ($26.5M), and Kazakhstan ($17M).

The fastest growing import markets in Iron Fasteners for Russia between 2022 and 2023 were Kazakhstan ($12.3M), Turkey ($8.31M), and Switzerland ($2.48M).

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 Fasteners. 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)$49.4M
IMPORTS (2023)$616M
NET TRADE (2023)-$566M

In 2023, Russia exported $49.4M in Iron Fasteners. The main destinations of Russia exports on Iron Fasteners were Kazakhstan ($29.9M), Uzbekistan ($6.6M), Armenia ($2.15M), Azerbaijan ($1.94M), and Egypt ($1.73M).

In 2023, Russia imported $616M in Iron Fasteners, mainly from China ($441M), Germany ($29.1M), Turkey ($27.8M), Chinese Taipei ($26.5M), and Kazakhstan ($17M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Fasteners EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Uzbekistan$1.29M (24.4%)
India$1.01M (728%)
Kyrgyzstan$476k (39.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Fasteners BY Russia WERE (2022 - 2023):
Kazakhstan-$5.16M (-14.7%)
Germany-$4.73M (-96.5%)
Poland-$1.14M (-99.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Iron Fasteners were:
In 2023, Russia's main importing competitors in Iron Fasteners were:

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Trade Value of Iron Fasteners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $4.88M
TOP IMPORT POTENTIALChina+ $148M

Iron Fasteners’s highest export potential is Germany. With an export gap of $4.88M.   Iron Fasteners’s highest import potential is China with an import gap of $148M.

See methodology.

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