2022
Exports
$49.6MWorld Rnk 38 / 215
Flag Rnk 293 / 1200
2022
PRODUCT COMPLEXITY IN Iron Pipe Fittings
1.14Rnk 121 / 1025
2022
Imports
$343MWorld Rnk 20 / 224
Flag Rnk 147 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $49.6M in Iron Pipe Fittings, making it the 38th largest exporter of Iron Pipe Fittings in the world. At the same year, Iron Pipe Fittings was the 293rd most exported product in Russia. The main destination of Iron Pipe Fittings exports from Russia are: Kazakhstan ($34.1M), Turkey ($3.02M), Uzbekistan ($2.82M), Azerbaijan ($2.44M), and Armenia ($1.7M).

The fastest growing export markets for Iron Pipe Fittings of Russia between 2021 and 2022 were Kazakhstan ($8.06M), Azerbaijan ($2M), and Turkey ($1.81M).

Imports In 2022, Russia imported $343M in Iron Pipe Fittings, becoming the 20th largest importer of Iron Pipe Fittings in the world. At the same year, Iron Pipe Fittings was the 147th most imported product in Russia. Russia imports Iron Pipe Fittings primarily from: China ($209M), Italy ($29.3M), Germany ($17.8M), Latvia ($16M), and Turkey ($13.6M).

The fastest growing import markets in Iron Pipe Fittings for Russia between 2021 and 2022 were China ($64.5M), Latvia ($14.5M), and Turkey ($2.93M).

Latest Trends

Oct 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 Pipe Fittings. 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)$49.6M
IMPORTS (2022)$343M
NET TRADE (2022)-$294M

In 2022, Russia exported $49.6M in Iron Pipe Fittings. The main destinations of Russia exports on Iron Pipe Fittings were Kazakhstan ($34.1M), Turkey ($3.02M), Uzbekistan ($2.82M), Azerbaijan ($2.44M), and Armenia ($1.7M).

In 2022, Russia imported $343M in Iron Pipe Fittings, mainly from China ($209M), Italy ($29.3M), Germany ($17.8M), Latvia ($16M), and Turkey ($13.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Pipe Fittings EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Kazakhstan$8.06M (30.9%)
Azerbaijan$2M (462%)
Turkey$1.81M (149%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Pipe Fittings BY Russia WERE (2021 - 2022):
Belarus-$19.6M (-100%)
Ukraine-$3.8M (-97%)
Italy-$1.46M (-94.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Iron Pipe Fittings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.4M
TOP IMPORT POTENTIALChina+ $76.5M

Iron Pipe Fittings’s highest export potential is United States. With an export gap of $2.4M.   Iron Pipe Fittings’s highest import potential is China with an import gap of $76.5M.

See methodology.

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