2022
Exports | Imports
$1.26B | $315kWorld Rnk 1 / 89
Flag Rnk 30 / 1200
World Rnk 64 / 144
Flag Rnk 1113 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.42Rnk 45 / 124
2022
PRODUCT COMPLEXITY IN Iron Reductions
-1.37Rnk 925 / 1025

About

Exports In 2022, Russia exported $1.26B in Iron Reductions, making it the 1st largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 30th most exported product in Russia. The main destination of Iron Reductions exports from Russia are: Italy ($350M), China ($251M), Uzbekistan ($162M), Belgium ($102M), and Indonesia ($91.7M).

The fastest growing export markets for Iron Reductions of Russia between 2021 and 2022 were Uzbekistan ($80.1M), Belgium ($59.1M), and Italy ($55.9M).

Imports In 2022, Russia imported $315k in Iron Reductions, becoming the 64th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 1113th most imported product in Russia. Russia imports Iron Reductions primarily from: Kazakhstan ($174k), China ($139k), and Italy ($1.32k).

The fastest growing import markets in Iron Reductions for Russia between 2021 and 2022 were China ($103k), Kazakhstan ($29.8k), and Italy ($1.32k).

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

Latest Trends

Jan 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 Iron Reductions. 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)$1.26B
IMPORTS (2022)$315k
NET TRADE (2022)$1.26B

In 2022, Russia exported $1.26B in Iron Reductions. The main destinations of Russia exports on Iron Reductions were Italy ($350M), China ($251M), Uzbekistan ($162M), Belgium ($102M), and Indonesia ($91.7M).

In 2022, Russia imported $315k in Iron Reductions, mainly from Kazakhstan ($174k), China ($139k), and Italy ($1.32k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Uzbekistan$80.1M (97.7%)
Belgium$59.1M (139%)
Italy$55.9M (19%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Russia WERE (2021 - 2022):
China-$249M (-49.7%)
Belarus-$113M (-100%)
Vietnam-$83.7M (-77.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Iron Reductions were:
In 2022, Russia's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

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