2022
Exports
$21.4MWorld Rnk 23 / 144
Flag Rnk 434 / 1200
2022
PRODUCT COMPLEXITY IN Waxes
0.46Rnk 381 / 1025
2022
Imports
$53.8MWorld Rnk 22 / 203
Flag Rnk 482 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $21.4M in Waxes, making it the 23rd largest exporter of Waxes in the world. At the same year, Waxes was the 434th most exported product in Russia. The main destination of Waxes exports from Russia are: Turkey ($7.83M), United States ($4.97M), Germany ($2.83M), Spain ($2.46M), and Poland ($704k).

The fastest growing export markets for Waxes of Russia between 2021 and 2022 were Spain ($1.83M), Germany ($1.69M), and Poland ($574k).

Imports In 2022, Russia imported $53.8M in Waxes, becoming the 22nd largest importer of Waxes in the world. At the same year, Waxes was the 482nd most imported product in Russia. Russia imports Waxes primarily from: China ($15.1M), Germany ($8.49M), Denmark ($7.76M), Finland ($2.91M), and Poland ($2.48M).

The fastest growing import markets in Waxes for Russia between 2021 and 2022 were China ($8.16M), Denmark ($2.88M), and Finland ($2.2M).

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 Waxes. 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)$21.4M
IMPORTS (2022)$53.8M
NET TRADE (2022)-$32.5M

In 2022, Russia exported $21.4M in Waxes. The main destinations of Russia exports on Waxes were Turkey ($7.83M), United States ($4.97M), Germany ($2.83M), Spain ($2.46M), and Poland ($704k).

In 2022, Russia imported $53.8M in Waxes, mainly from China ($15.1M), Germany ($8.49M), Denmark ($7.76M), Finland ($2.91M), and Poland ($2.48M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Waxes EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Spain$1.83M (291%)
Germany$1.69M (148%)
Poland$574k (442%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Waxes BY Russia WERE (2021 - 2022):
United Kingdom-$19.8M (-99.8%)
Switzerland-$7.31M (-99.9%)
United States-$6.58M (-57%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.93M
TOP IMPORT POTENTIALChina+ $7.34M

Waxes’s highest export potential is United States. With an export gap of $1.93M.   Waxes’s highest import potential is China with an import gap of $7.34M.

See methodology.

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