2022
Exports
$3.47MWorld Rnk 36 / 200
Flag Rnk 702 / 1200
2022
PRODUCT COMPLEXITY IN Wrenches
1.67Rnk 30 / 1025
2022
Imports
$93.9MWorld Rnk 10 / 219
Flag Rnk 374 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $3.47M in Wrenches, making it the 36th largest exporter of Wrenches in the world. At the same year, Wrenches was the 702nd most exported product in Russia. The main destination of Wrenches exports from Russia are: Kazakhstan ($2.98M), Uzbekistan ($153k), Azerbaijan ($105k), Armenia ($37k), and Kuwait ($26.3k).

The fastest growing export markets for Wrenches of Russia between 2021 and 2022 were Kuwait ($17.1k), Mongolia ($15.6k), and Azerbaijan ($14.7k).

Imports In 2022, Russia imported $93.9M in Wrenches, becoming the 10th largest importer of Wrenches in the world. At the same year, Wrenches was the 374th most imported product in Russia. Russia imports Wrenches primarily from: China ($47M), Chinese Taipei ($26.7M), India ($12.3M), Germany ($2.13M), and United States ($1.55M).

The fastest growing import markets in Wrenches for Russia between 2021 and 2022 were China ($7.68M), Chinese Taipei ($3.82M), and India ($528k).

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 Wrenches. 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)$3.47M
IMPORTS (2022)$93.9M
NET TRADE (2022)-$90.5M

In 2022, Russia exported $3.47M in Wrenches. The main destinations of Russia exports on Wrenches were Kazakhstan ($2.98M), Uzbekistan ($153k), Azerbaijan ($105k), Armenia ($37k), and Kuwait ($26.3k).

In 2022, Russia imported $93.9M in Wrenches, mainly from China ($47M), Chinese Taipei ($26.7M), India ($12.3M), Germany ($2.13M), and United States ($1.55M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Kuwait$17.1k (186%)
Mongolia$15.6k (1.29k%)
Azerbaijan$14.7k (16.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Russia WERE (2021 - 2022):
Belarus-$1.94M (-100%)
Vietnam-$1.58M (-100%)
Ukraine-$610k (-97.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $31.9k
TOP IMPORT POTENTIALChina+ $12.7M

Wrenches’s highest export potential is India. With an export gap of $31.9k.   Wrenches’s highest import potential is China with an import gap of $12.7M.

See methodology.

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