2022
Exports
$30.9MWorld Rnk 50 / 214
Flag Rnk 376 / 1200
2022
PRODUCT COMPLEXITY IN Thermostats
1.04Rnk 157 / 1025
2022
Imports
$353MWorld Rnk 27 / 223
Flag Rnk 138 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $30.9M in Thermostats, making it the 50th largest exporter of Thermostats in the world. At the same year, Thermostats was the 376th most exported product in Russia. The main destination of Thermostats exports from Russia are: China ($9.15M), Kazakhstan ($9M), Uzbekistan ($2.43M), United States ($884k), and United Arab Emirates ($772k).

The fastest growing export markets for Thermostats of Russia between 2021 and 2022 were China ($980k), Argentina ($516k), and Georgia ($456k).

Imports In 2022, Russia imported $353M in Thermostats, becoming the 27th largest importer of Thermostats in the world. At the same year, Thermostats was the 138th most imported product in Russia. Russia imports Thermostats primarily from: China ($229M), Germany ($24.1M), Finland ($12.8M), Italy ($12.7M), and Japan ($11.4M).

The fastest growing import markets in Thermostats for Russia between 2021 and 2022 were China ($81M), Turkey ($5.2M), and Kazakhstan ($1.96M).

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 Thermostats. 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)$30.9M
IMPORTS (2022)$353M
NET TRADE (2022)-$322M

In 2022, Russia exported $30.9M in Thermostats. The main destinations of Russia exports on Thermostats were China ($9.15M), Kazakhstan ($9M), Uzbekistan ($2.43M), United States ($884k), and United Arab Emirates ($772k).

In 2022, Russia imported $353M in Thermostats, mainly from China ($229M), Germany ($24.1M), Finland ($12.8M), Italy ($12.7M), and Japan ($11.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR Russia WERE (2021 - 2022):
China$980k (12%)
Argentina$516k (372%)
Georgia$456k (728%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY Russia WERE (2021 - 2022):
Germany-$21.7M (-97.3%)
India-$15M (-98.7%)
Algeria-$12.6M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Thermostats were:
Japan $5.66B
China $5.61B
Germany $4.45B
In 2022, Russia's main importing competitors in Thermostats were:

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $9.22M
TOP IMPORT POTENTIALChina+ $65.9M

Thermostats’s highest export potential is China. With an export gap of $9.22M.   Thermostats’s highest import potential is China with an import gap of $65.9M.

See methodology.

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