Iron Ore in Russia | The Observatory of Economic Complexity

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Exports In 2022, Russia exported $1.42B in Iron Ore, making it the 15th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 28th most exported product in Russia. The main destination of Iron Ore exports from Russia are: China ($869M), Germany ($201M), Turkey ($70.1M), Slovakia ($64.5M), and Serbia ($43.4M).

The fastest growing export markets for Iron Ore of Russia between 2021 and 2022 were South Korea ($13.6M), Tajikistan ($532k), and Latvia ($451k).

Imports In 2022, Russia imported $256M in Iron Ore, becoming the 36th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 191st most imported product in Russia. Russia imports Iron Ore primarily from: Kazakhstan ($256M), Turkey ($83.5k), Germany ($29.5k), South Africa ($18k), and Poland ($15.1k).

The fastest growing import markets in Iron Ore for Russia between 2021 and 2022 were Turkey ($72.3k), Germany ($25.9k), and Poland ($15.1k).

COMPANIES In 2021, leading companies such as were at the forefront of shipping Iron Ore from Russia to the United States.

Latest Trends

Feb 2024

Subnational Monthly Trade

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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 Iron Ore. 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

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Trade Value

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Year

EXPORTS (2022)$1.42B

IMPORTS (2022)$256M

NET TRADE (2022)$1.16B

In 2022, Russia exported $1.42B in Iron Ore. The main destinations of Russia exports on Iron Ore were China ($869M), Germany ($201M), Turkey ($70.1M), Slovakia ($64.5M), and Serbia ($43.4M).

In 2022, Russia imported $256M in Iron Ore, mainly from Kazakhstan ($256M), Turkey ($83.5k), Germany ($29.5k), South Africa ($18k), and Poland ($15.1k).

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