2022
Exports
$4.08MWorld Rnk 29 / 184
Flag Rnk 682 / 1200
2022
PRODUCT COMPLEXITY IN Tool Sets
0.9Rnk 208 / 1025
2022
Imports
$78.7MWorld Rnk 5 / 218
Flag Rnk 407 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $4.08M in Tool Sets, making it the 29th largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 682nd most exported product in Russia. The main destination of Tool Sets exports from Russia are: Kazakhstan ($3.37M), Mongolia ($278k), Vietnam ($248k), Armenia ($72.5k), and Uzbekistan ($24.3k).

The fastest growing export markets for Tool Sets of Russia between 2021 and 2022 were Vietnam ($246k), Mongolia ($237k), and Armenia ($17.4k).

Imports In 2022, Russia imported $78.7M in Tool Sets, becoming the 5th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 407th most imported product in Russia. Russia imports Tool Sets primarily from: China ($56M), Chinese Taipei ($15M), Kyrgyzstan ($4.14M), Germany ($963k), and South Korea ($619k).

The fastest growing import markets in Tool Sets for Russia between 2021 and 2022 were China ($15.9M), Kyrgyzstan ($3.43M), and Chinese Taipei ($3.19M).

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 Tool Sets. 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)$4.08M
IMPORTS (2022)$78.7M
NET TRADE (2022)-$74.6M

In 2022, Russia exported $4.08M in Tool Sets. The main destinations of Russia exports on Tool Sets were Kazakhstan ($3.37M), Mongolia ($278k), Vietnam ($248k), Armenia ($72.5k), and Uzbekistan ($24.3k).

In 2022, Russia imported $78.7M in Tool Sets, mainly from China ($56M), Chinese Taipei ($15M), Kyrgyzstan ($4.14M), Germany ($963k), and South Korea ($619k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Vietnam$246k (12.2k%)
Mongolia$237k (580%)
Armenia$17.4k (31.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Russia WERE (2021 - 2022):
Kazakhstan-$1.69M (-33.4%)
Belarus-$1.05M (-100%)
Algeria-$485k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Tool Sets were:
In 2022, Russia's main importing competitors in Tool Sets were:

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $38.7k
TOP IMPORT POTENTIALChina+ $4.89M

Tool Sets’s highest export potential is Vietnam. With an export gap of $38.7k.   Tool Sets’s highest import potential is China with an import gap of $4.89M.

See methodology.

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