Pig Iron in Russia

EXPORTS (2018): $2.31B, World Rnk 1 / 75
Flag Rnk 17 / 1196

TOP DESTINATION (2018): $1.21B, United States

FASTEST GROWING MARKET (2017 - 2018): $198M, United States

IMPORTS (2018): $139M, World Rnk 7 / 126
Flag Rnk 319 / 1200

TOP ORIGIN (2018): $139M, Ukraine

FASTEST GROWING ORIGIN (2017 - 2018): $120M, Ukraine

ECONOMIC COMPLEXITY of Russia (2018): 0.6, Rnk 41 / 137

PRODUCT COMPLEXITY  IN Pig Iron (2018): -0.84, Rnk 781 / 1018

Overview: This page contains the latest trade data of Pig Iron in Russia.

Exports: In 2018, Russia exported $2.31B in Pig Iron, making it the 1st largest exporter of Pig Iron in the world. At the same year, Pig Iron was the 17th most exported product in Russia. The main destination of Pig Iron exports from Russia are: United States ($1.21B), Italy ($310M), Hong Kong ($162M), Turkey ($154M), and Germany ($68.3M).

The fastest growing export markets for Pig Iron of Russia between 2017 and 2018 were United States ($198M), Hong Kong ($162M), and Italy ($162M).

Imports: In 2018, Russia imported $139M in Pig Iron, becoming the 7th largest importer of Pig Iron in the world. At the same year, Pig Iron was the 319th most imported product in Russia. Russia imports Pig Iron primarily from: Ukraine ($139M), Germany ($285k), Kazakhstan ($150k), Belarus ($84.9k), and Poland ($6.32k).

The fastest growing import markets in Pig Iron for Russia between 2017 and 2018 were Ukraine ($120M), Belarus ($50.3k), and Germany ($49.8k).

Tariffs: In 2018, the average tariff for Russia in Pig Iron was 4.77%. The countries with the highest import tariffs for Pig Iron were Angola (5%), Burundi (5%), Benin (5%), Burkina Faso (5%), and Botswana (5%).

Overview: In June 2020 Russia's Pig Iron exports accounted up to $199M and imports accounted up to $28.4k, resulting in a positive trade balance of $199M. Between June 2019 and June 2020 the exports of Russia's   Pig Iron have increased by $17.6M (9.71%) from $181M to $199M, while imports decreased by $-452k (-94.1%) from $481k to $28.4k.

Destinations: In June 2020 Pig Iron exported mostly to Turkey ($92.1M), China ($40M), United States ($29.9M), Italy ($25.9M), and Poland ($4.6M), and imported mostly from Germany ($28.4k).

Growth: In June 2020, the increase in Pig Iron's year-by-year exports was explained primarily by an increase in exports to Turkey ($68.7M or 293%), China ($31.8M or 388%), and Italy ($8.36M or 47.7%). In June 2020, the decrease in Pig Iron's year-by-year imports was explained primarily by a decrease in imports from Germany ($-443 or -1.53%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (June 2019 - June 2020): $17.6M, (9.71%)

IMPORT GROWTH (June 2019 - June 2020): $-452k, (-94.1%)

MAIN EXPORTER (June 2020): Lipetsk Region, $86.5M

MAIN DESTINATION (June 2020): Turkey, $92.1M

This section shows Pig Iron's exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Pig Iron over time.

Value

EXPORTS (2018): $2.31B

IMPORTS (2018): $139M

NET TRADE (2018): $2.17B

In 2018, Russia exported $2.31B in Pig Iron. The main destinations of Russia exports on Pig Iron were United States ($1.21B), Italy ($310M), Hong Kong ($162M), Turkey ($154M), and Germany ($68.3M).

In 2018, Russia imported $139M in Pig Iron, mainly from Ukraine ($139M), Germany ($285k), Kazakhstan ($150k), Belarus ($84.9k), and Poland ($6.32k).

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IN 2018, Russia HAD A POSITIVE NET TRADE IN Pig Iron WITH:

  • United States, $1.21B ($1.21B - $0)
  • Italy, $310M ($310M - $1.57k)
  • Hong Kong, $162M ($162M - $0)

IN 2018, Russia HAD A NEGATIVE NET TRADE IN Pig Iron WITH:: Ukraine, -$138M ($590k - $139M)

Flow

THE FASTEST GROWING Pig Iron EXPORT MARKETS FOR Russia WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pig Iron BY Russia WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Russia's main exporting competitors in Pig Iron were:

In 2018, Russia's main importing competitors in Pig Iron were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Pig Iron in Russia. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for Russia in Pig Iron was 4.77%.

The countries with the highest tariffs for Pig Iron in Russia were Angola (5%), Burundi (5%), Benin (5%), Burkina Faso (5%), and Botswana (5%).

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