2018
Exports
$10.4MWorld Rnk 51 / 209
Flag Rnk 536 / 1200
2022
PRODUCT COMPLEXITY IN Padlocks
0.82Rnk 236 / 1025
2018
Imports
$166MWorld Rnk 22 / 223
Flag Rnk 258 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2018, Russia exported $10.4M in Padlocks, making it the 51st largest exporter of Padlocks in the world. At the same year, Padlocks was the 536th most exported product in Russia. The main destination of Padlocks exports from Russia are: Kazakhstan ($6.2M), Armenia ($809k), Azerbaijan ($537k), Georgia ($385k), and Turkey ($362k).

The fastest growing export markets for Padlocks of Russia between 2021 and 2022 were Kazakhstan ($421k), Kyrgyzstan ($189k), and Armenia ($110k).

Imports In 2022, Russia imported $166M in Padlocks, becoming the 22nd largest importer of Padlocks in the world. At the same year, Padlocks was the 258th most imported product in Russia. Russia imports Padlocks primarily from: China ($109M), Turkey ($15.9M), Germany ($7.7M), Italy ($5.83M), and Poland ($5.14M).

The fastest growing import markets in Padlocks for Russia between 2021 and 2022 were Turkey ($1.37M), Kazakhstan ($870k), and Serbia ($441k).

Latest Trends

Jul 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 Padlocks. 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)$10.4M
IMPORTS (2022)$166M
NET TRADE (2022)-$156M

In 2022, Russia exported $10.4M in Padlocks. The main destinations of Russia exports on Padlocks were Kazakhstan ($6.2M), Armenia ($809k), Azerbaijan ($537k), Georgia ($385k), and Turkey ($362k).

In 2022, Russia imported $166M in Padlocks, mainly from China ($109M), Turkey ($15.9M), Germany ($7.7M), Italy ($5.83M), and Poland ($5.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Padlocks EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Kazakhstan$421k (7.29%)
Kyrgyzstan$189k (394%)
Armenia$110k (15.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Padlocks BY Russia WERE (2021 - 2022):
Belarus-$8.4M (-100%)
Ukraine-$4.04M (-93.2%)
France-$1.08M (-92.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Padlocks were:
China $5.34B
Germany $1.37B
Mexico $1.27B
In 2022, Russia's main importing competitors in Padlocks were:

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Trade Value of Padlocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $357k
TOP IMPORT POTENTIALChina+ $49.3M

Padlocks’s highest export potential is Turkey. With an export gap of $357k.   Padlocks’s highest import potential is China with an import gap of $49.3M.

See methodology.

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