Iron Reductions in Russia

EXPORTS (2018): $1.06B, World Rnk 1 / 68
Flag Rnk 39 / 1196

TOP DESTINATION (2018): $439M, Italy

FASTEST GROWING MARKET (2017 - 2018): $274M, Italy

IMPORTS (2018): $29.2k, World Rnk 90 / 121
Flag Rnk 1190 / 1200

TOP ORIGIN (2018): $8.13k, United States

FASTEST GROWING ORIGIN (2017 - 2018): $7.18k, Belgium-Luxembourg

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

PRODUCT COMPLEXITY  IN Iron Reductions (2018): -1.29, Rnk 897 / 1018

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

Exports: In 2018, Russia exported $1.06B in Iron Reductions, making it the 1st largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 39th most exported product in Russia. The main destination of Iron Reductions exports from Russia are: Italy ($439M), Spain ($127M), Germany ($80.6M), Belarus ($76.2M), and Algeria ($65.7M).

The fastest growing export markets for Iron Reductions of Russia between 2017 and 2018 were Italy ($274M), Spain ($66.8M), and Uzbekistan ($49.2M).

Imports: In 2018, Russia imported $29.2k in Iron Reductions, becoming the 90th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 1190th most imported product in Russia. Russia imports Iron Reductions primarily from: United States ($8.13k), Belgium-Luxembourg ($7.18k), Belarus ($4.8k), Lithuania ($3.06k), and Finland ($2.8k).

The fastest growing import markets in Iron Reductions for Russia between 2017 and 2018 were Belgium-Luxembourg ($7.18k), Belarus ($4.8k), and United States ($4.3k).

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

Value

EXPORTS (2018): $1.06B

IMPORTS (2018): $29.2k

NET TRADE (2018): $1.06B

In 2018, Russia exported $1.06B in Iron Reductions. The main destinations of Russia exports on Iron Reductions were Italy ($439M), Spain ($127M), Germany ($80.6M), Belarus ($76.2M), and Algeria ($65.7M).

In 2018, Russia imported $29.2k in Iron Reductions, mainly from United States ($8.13k), Belgium-Luxembourg ($7.18k), Belarus ($4.8k), Lithuania ($3.06k), and Finland ($2.8k).

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

  • Italy, $439M ($439M - $0)
  • Spain, $127M ($127M - $0)
  • Germany, $80.6M ($80.6M - $1.29k)

IN 2018, Russia HAD A NEGATIVE NET TRADE IN Iron Reductions WITH:

  • Lithuania, -$3.06k ($0 - $3.06k)
  • Chinese Taipei, -$1.99k ($0 - $1.99k)
Flow

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

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions 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 Iron Reductions were:

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

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Iron Reductions 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 Iron Reductions was 4.77%.

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

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