2022
Exports
$1.04MWorld Rnk 44 / 166
Flag Rnk 884 / 1200
2022
PRODUCT COMPLEXITY IN Soldering and Welding Machinery
1.33Rnk 87 / 1025
2022
Imports
$29.2MWorld Rnk 7 / 214
Flag Rnk 584 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $1.04M in Soldering and Welding Machinery, making it the 44th largest exporter of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 884th most exported product in Russia. The main destination of Soldering and Welding Machinery exports from Russia are: Kazakhstan ($627k), China ($226k), Turkey ($96.5k), Latvia ($39.6k), and Malaysia ($12k).

The fastest growing export markets for Soldering and Welding Machinery of Russia between 2021 and 2022 were Turkey ($96.5k), Latvia ($20.5k), and Malaysia ($12k).

Imports In 2022, Russia imported $29.2M in Soldering and Welding Machinery, becoming the 7th largest importer of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 584th most imported product in Russia. Russia imports Soldering and Welding Machinery primarily from: China ($20.6M), Poland ($3.21M), Austria ($1.15M), Germany ($985k), and Italy ($713k).

The fastest growing import markets in Soldering and Welding Machinery for Russia between 2021 and 2022 were China ($7.95M), Poland ($2.65M), and Austria ($499k).

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 Soldering and Welding 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)$1.04M
IMPORTS (2022)$29.2M
NET TRADE (2022)-$28.2M

In 2022, Russia exported $1.04M in Soldering and Welding Machinery. The main destinations of Russia exports on Soldering and Welding Machinery were Kazakhstan ($627k), China ($226k), Turkey ($96.5k), Latvia ($39.6k), and Malaysia ($12k).

In 2022, Russia imported $29.2M in Soldering and Welding Machinery, mainly from China ($20.6M), Poland ($3.21M), Austria ($1.15M), Germany ($985k), and Italy ($713k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soldering and Welding Machinery EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Turkey$96.5k (1%)
Latvia$20.5k (107%)
Malaysia$12k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soldering and Welding Machinery BY Russia WERE (2021 - 2022):
China-$1.11M (-83.1%)
Belarus-$525k (-100%)
Kazakhstan-$202k (-24.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Soldering and Welding Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $184k
TOP IMPORT POTENTIALChina+ $3.34M

Soldering and Welding Machinery’s highest export potential is China. With an export gap of $184k.   Soldering and Welding Machinery’s highest import potential is China with an import gap of $3.34M.

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