2022
Exports
$322MWorld Rnk 53 / 222
Flag Rnk 92 / 1200
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$600MWorld Rnk 46 / 225
Flag Rnk 81 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $322M in Insulated Wire, making it the 53rd largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 92nd most exported product in Russia. The main destination of Insulated Wire exports from Russia are: Kazakhstan ($137M), United States ($33.3M), Finland ($25M), Mongolia ($16.9M), and Azerbaijan ($11.8M).

The fastest growing export markets for Insulated Wire of Russia between 2021 and 2022 were Finland ($10.3M), Kuwait ($3.42M), and Sweden ($2.62M).

Imports In 2022, Russia imported $600M in Insulated Wire, becoming the 46th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 81st most imported product in Russia. Russia imports Insulated Wire primarily from: China ($317M), Turkey ($40.5M), Germany ($39M), Greece ($32.6M), and South Korea ($25.2M).

The fastest growing import markets in Insulated Wire for Russia between 2021 and 2022 were Greece ($32.1M), Kazakhstan ($16.5M), and Turkey ($11.3M).

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 Insulated Wire. 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)$322M
IMPORTS (2022)$600M
NET TRADE (2022)-$278M

In 2022, Russia exported $322M in Insulated Wire. The main destinations of Russia exports on Insulated Wire were Kazakhstan ($137M), United States ($33.3M), Finland ($25M), Mongolia ($16.9M), and Azerbaijan ($11.8M).

In 2022, Russia imported $600M in Insulated Wire, mainly from China ($317M), Turkey ($40.5M), Germany ($39M), Greece ($32.6M), and South Korea ($25.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Finland$10.3M (69.7%)
Kuwait$3.42M (57.8%)
Sweden$2.62M (234%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Russia WERE (2021 - 2022):
Belarus-$101M (-100%)
Kazakhstan-$17.8M (-11.5%)
Bangladesh-$17.5M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $40.1M
TOP IMPORT POTENTIALChina+ $208M

Insulated Wire’s highest export potential is United States. With an export gap of $40.1M.   Insulated Wire’s highest import potential is China with an import gap of $208M.

See methodology.

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