2023
Exports
$2.46MWorld Rnk 43 / 196
Flag Rnk 726 / 1200
2023
PRODUCT COMPLEXITY IN Wrenches
1.5Rnk 44 / 1025
2023
Imports
$131MWorld Rnk 6 / 221
Flag Rnk 297 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $2.46M in Wrenches, making it the 43rd largest exporter of Wrenches in the world. At the same year, Wrenches was the 726th most exported product in Russia. The main destination of Wrenches exports from Russia are: Kazakhstan ($1.96M), Armenia ($193k), Uzbekistan ($80.1k), United Arab Emirates ($55.5k), and Azerbaijan ($41.2k).

The fastest growing export markets for Wrenches of Russia between 2022 and 2023 were Armenia ($156k), United Arab Emirates ($43.4k), and Egypt ($14.8k).

Imports In 2023, Russia imported $131M in Wrenches, becoming the 6th largest importer of Wrenches in the world. At the same year, Wrenches was the 297th most imported product in Russia. Russia imports Wrenches primarily from: China ($74.2M), Chinese Taipei ($35.2M), India ($14M), Poland ($1.79M), and Germany ($1.7M).

The fastest growing import markets in Wrenches for Russia between 2022 and 2023 were China ($27.2M), Chinese Taipei ($8.55M), and India ($1.72M).

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 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 (2023)$2.46M
IMPORTS (2023)$131M
NET TRADE (2023)-$129M

In 2023, Russia exported $2.46M in Wrenches. The main destinations of Russia exports on Wrenches were Kazakhstan ($1.96M), Armenia ($193k), Uzbekistan ($80.1k), United Arab Emirates ($55.5k), and Azerbaijan ($41.2k).

In 2023, Russia imported $131M in Wrenches, mainly from China ($74.2M), Chinese Taipei ($35.2M), India ($14M), Poland ($1.79M), and Germany ($1.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Armenia$156k (422%)
Egypt$14.8k (135%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Russia WERE (2022 - 2023):
Kazakhstan-$1.02M (-34.2%)
Uzbekistan-$72.9k (-47.7%)
Azerbaijan-$63.5k (-60.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Wrenches were:
In 2023, 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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