2022
Exports
$144MWorld Rnk 43 / 221
Flag Rnk 160 / 1200
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$1.14BWorld Rnk 17 / 224
Flag Rnk 26 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $144M in Excavation Machinery, making it the 43rd largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 160th most exported product in Russia. The main destination of Excavation Machinery exports from Russia are: Kazakhstan ($47.1M), France ($19.7M), Germany ($16.1M), Austria ($12.1M), and Uzbekistan ($11.6M).

The fastest growing export markets for Excavation Machinery of Russia between 2021 and 2022 were Kyrgyzstan ($8.4M), India ($1.18M), and Kuwait ($833k).

Imports In 2022, Russia imported $1.14B in Excavation Machinery, becoming the 17th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 26th most imported product in Russia. Russia imports Excavation Machinery primarily from: China ($523M), South Korea ($86.1M), Italy ($65.1M), Japan ($63.6M), and Germany ($59.7M).

The fastest growing import markets in Excavation Machinery for Russia between 2021 and 2022 were China ($204M), Indonesia ($37.7M), and Turkey ($23.6M).

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 Excavation Machinery. 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)$144M
IMPORTS (2022)$1.14B
NET TRADE (2022)-$991M

In 2022, Russia exported $144M in Excavation Machinery. The main destinations of Russia exports on Excavation Machinery were Kazakhstan ($47.1M), France ($19.7M), Germany ($16.1M), Austria ($12.1M), and Uzbekistan ($11.6M).

In 2022, Russia imported $1.14B in Excavation Machinery, mainly from China ($523M), South Korea ($86.1M), Italy ($65.1M), Japan ($63.6M), and Germany ($59.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Kyrgyzstan$8.4M (433%)
India$1.18M (38.9%)
Kuwait$833k (1.48k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Russia WERE (2021 - 2022):
Belarus-$22.5M (-100%)
France-$16.5M (-45.6%)
Estonia-$13.2M (-93.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $12.4M
TOP IMPORT POTENTIALChina+ $228M

Excavation Machinery’s highest export potential is Germany. With an export gap of $12.4M.   Excavation Machinery’s highest import potential is China with an import gap of $228M.

See methodology.

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