2022
Exports
$105MWorld Rnk 42 / 216
Flag Rnk 194 / 1200
2022
PRODUCT COMPLEXITY IN Electric Motors
0.76Rnk 259 / 1025
2022
Imports
$633MWorld Rnk 30 / 226
Flag Rnk 76 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $105M in Electric Motors, making it the 42nd largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 194th most exported product in Russia. The main destination of Electric Motors exports from Russia are: Kazakhstan ($31.8M), Romania ($16.8M), Uzbekistan ($11.6M), Kuwait ($8.71M), and Colombia ($7.2M).

The fastest growing export markets for Electric Motors of Russia between 2021 and 2022 were Romania ($14.5M), Kuwait ($7.75M), and Colombia ($3.54M).

Imports In 2022, Russia imported $633M in Electric Motors, becoming the 30th largest importer of Electric Motors in the world. At the same year, Electric Motors was the 76th most imported product in Russia. Russia imports Electric Motors primarily from: China ($346M), Germany ($66.9M), Spain ($30.5M), Italy ($29.3M), and Turkey ($23.5M).

The fastest growing import markets in Electric Motors for Russia between 2021 and 2022 were China ($36.8M), Spain ($25.2M), and Turkey ($14.2M).

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 Electric Motors. 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)$105M
IMPORTS (2022)$633M
NET TRADE (2022)-$528M

In 2022, Russia exported $105M in Electric Motors. The main destinations of Russia exports on Electric Motors were Kazakhstan ($31.8M), Romania ($16.8M), Uzbekistan ($11.6M), Kuwait ($8.71M), and Colombia ($7.2M).

In 2022, Russia imported $633M in Electric Motors, mainly from China ($346M), Germany ($66.9M), Spain ($30.5M), Italy ($29.3M), and Turkey ($23.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Romania$14.5M (642%)
Kuwait$7.75M (804%)
Colombia$3.54M (96.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY Russia WERE (2021 - 2022):
Belarus-$108M (-100%)
Bangladesh-$19M (-100%)
Germany-$15.4M (-91.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Electric Motors were:
China $18.4B
Germany $8.51B
Mexico $4.62B
In 2022, Russia's main importing competitors in Electric Motors were:

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Trade Value of Electric Motors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.63M
TOP IMPORT POTENTIALChina+ $182M

Electric Motors’s highest export potential is United States. With an export gap of $9.63M.   Electric Motors’s highest import potential is China with an import gap of $182M.

See methodology.

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