2022
Exports
$14.1MWorld Rnk 36 / 171
Flag Rnk 493 / 1200
2022
PRODUCT COMPLEXITY IN Iron Nails
-0.5Rnk 699 / 1025
2022
Imports
$17.6MWorld Rnk 47 / 220
Flag Rnk 680 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $14.1M in Iron Nails, making it the 36th largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 493rd most exported product in Russia. The main destination of Iron Nails exports from Russia are: Kazakhstan ($5.46M), Germany ($2.63M), Kyrgyzstan ($2.31M), Poland ($1.93M), and France ($360k).

The fastest growing export markets for Iron Nails of Russia between 2021 and 2022 were Armenia ($201k), Georgia ($108k), and Finland ($86.8k).

Imports In 2022, Russia imported $17.6M in Iron Nails, becoming the 47th largest importer of Iron Nails in the world. At the same year, Iron Nails was the 680th most imported product in Russia. Russia imports Iron Nails primarily from: China ($11M), Finland ($3.17M), Kyrgyzstan ($637k), Germany ($524k), and Switzerland ($514k).

The fastest growing import markets in Iron Nails for Russia between 2021 and 2022 were China ($1.88M), Kyrgyzstan ($633k), and Kazakhstan ($138k).

Latest Trends

Sep 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 Nails. 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)$14.1M
IMPORTS (2022)$17.6M
NET TRADE (2022)-$3.52M

In 2022, Russia exported $14.1M in Iron Nails. The main destinations of Russia exports on Iron Nails were Kazakhstan ($5.46M), Germany ($2.63M), Kyrgyzstan ($2.31M), Poland ($1.93M), and France ($360k).

In 2022, Russia imported $17.6M in Iron Nails, mainly from China ($11M), Finland ($3.17M), Kyrgyzstan ($637k), Germany ($524k), and Switzerland ($514k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Nails EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Armenia$201k (132%)
Georgia$108k (893%)
Finland$86.8k (12.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Nails BY Russia WERE (2021 - 2022):
Kazakhstan-$6.47M (-54.2%)
Belarus-$1.28M (-100%)
France-$1.1M (-75.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Iron Nails were:
In 2022, Russia's main importing competitors in Iron Nails were:

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Trade Value of Iron Nails by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $786k
TOP IMPORT POTENTIALChina+ $7.44M

Iron Nails’s highest export potential is Germany. With an export gap of $786k.   Iron Nails’s highest import potential is China with an import gap of $7.44M.

See methodology.

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