2022
Exports
$1.31MWorld Rnk 42 / 160
Flag Rnk 847 / 1200
2022
PRODUCT COMPLEXITY IN Metalworking Machines
1.92Rnk 9 / 1025
2022
Imports
$47.3MWorld Rnk 12 / 212
Flag Rnk 508 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $1.31M in Metalworking Machines, making it the 42nd largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 847th most exported product in Russia. The main destination of Metalworking Machines exports from Russia are: Kazakhstan ($450k), Uzbekistan ($205k), South Korea ($197k), Turkey ($101k), and Armenia ($68.4k).

The fastest growing export markets for Metalworking Machines of Russia between 2021 and 2022 were South Korea ($137k), Mongolia ($36.2k), and Bulgaria ($23.7k).

Imports In 2022, Russia imported $47.3M in Metalworking Machines, becoming the 12th largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 508th most imported product in Russia. Russia imports Metalworking Machines primarily from: China ($23.7M), Turkey ($7.9M), Chinese Taipei ($3.39M), Austria ($1.98M), and Italy ($1.81M).

The fastest growing import markets in Metalworking Machines for Russia between 2021 and 2022 were China ($7.02M), Turkey ($3.9M), and Austria ($1.28M).

Latest Trends

Mar 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 Metalworking Machines. 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)$1.31M
IMPORTS (2022)$47.3M
NET TRADE (2022)-$45.9M

In 2022, Russia exported $1.31M in Metalworking Machines. The main destinations of Russia exports on Metalworking Machines were Kazakhstan ($450k), Uzbekistan ($205k), South Korea ($197k), Turkey ($101k), and Armenia ($68.4k).

In 2022, Russia imported $47.3M in Metalworking Machines, mainly from China ($23.7M), Turkey ($7.9M), Chinese Taipei ($3.39M), Austria ($1.98M), and Italy ($1.81M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Russia WERE (2021 - 2022):
South Korea$137k (228%)
Mongolia$36.2k (768%)
Bulgaria$23.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Russia WERE (2021 - 2022):
United Kingdom-$3.7M (-100%)
Iran-$1.73M (-100%)
Bangladesh-$917k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Metalworking Machines were:
In 2022, Russia's main importing competitors in Metalworking Machines were:

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Trade Value of Metalworking Machines by Exporters

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