2023
Exports
$10.1MWorld Rnk 47 / 221
Flag Rnk 501 / 1200
2023
PRODUCT COMPLEXITY IN Other Hand Tools
1.82Rnk 14 / 1025
2023
Imports
$238MWorld Rnk 9 / 225
Flag Rnk 195 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $10.1M in Other Hand Tools, making it the 47th largest exporter of Other Hand Tools in the world. At the same year, Other Hand Tools was the 501st most exported product in Russia. The main destination of Other Hand Tools exports from Russia are: Kazakhstan ($8.03M), Armenia ($520k), Azerbaijan ($191k), Uzbekistan ($178k), and Argentina ($115k).

The fastest growing export markets for Other Hand Tools of Russia between 2022 and 2023 were Armenia ($287k), Argentina ($115k), and Azerbaijan ($85k).

Imports In 2023, Russia imported $238M in Other Hand Tools, becoming the 9th largest importer of Other Hand Tools in the world. At the same year, Other Hand Tools was the 195th most imported product in Russia. Russia imports Other Hand Tools primarily from: China ($173M), Chinese Taipei ($32.2M), Israel ($7.88M), Germany ($4.18M), and Turkey ($3.25M).

The fastest growing import markets in Other Hand Tools for Russia between 2022 and 2023 were China ($42.6M), Israel ($7.79M), and Chinese Taipei ($5.25M).

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 Other Hand Tools. 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)$10.1M
IMPORTS (2023)$238M
NET TRADE (2023)-$228M

In 2023, Russia exported $10.1M in Other Hand Tools. The main destinations of Russia exports on Other Hand Tools were Kazakhstan ($8.03M), Armenia ($520k), Azerbaijan ($191k), Uzbekistan ($178k), and Argentina ($115k).

In 2023, Russia imported $238M in Other Hand Tools, mainly from China ($173M), Chinese Taipei ($32.2M), Israel ($7.88M), Germany ($4.18M), and Turkey ($3.25M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Hand Tools EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Armenia$287k (124%)
Argentina$115k (442k%)
Azerbaijan$85k (80.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Hand Tools BY Russia WERE (2022 - 2023):
India-$5.57M (-99.8%)
Kazakhstan-$601k (-6.97%)
United States-$228k (-77.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Other Hand Tools were:
In 2023, Russia's main importing competitors in Other Hand Tools were:

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Trade Value of Other Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $743k
TOP IMPORT POTENTIALChina+ $34.4M

Other Hand Tools’s highest export potential is United States. With an export gap of $743k.   Other Hand Tools’s highest import potential is China with an import gap of $34.4M.

See methodology.

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