Semi-Finished Iron in Russia

EXPORTS (2018): $8.8B, World Rnk 1 / 102
Flag Rnk 6 / 1196

TOP DESTINATION (2018): $1.54B, Chinese Taipei

FASTEST GROWING MARKET (2017 - 2018): $389M, Mexico

IMPORTS (2018): $82.2M, World Rnk 46 / 163
Flag Rnk 447 / 1200

TOP ORIGIN (2018): $78.2M, Ukraine

FASTEST GROWING ORIGIN (2017 - 2018): $76.3M, Ukraine

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

PRODUCT COMPLEXITY  IN Semi-Finished Iron (2018): -0.88, Rnk 789 / 1018

Overview: This page contains the latest trade data of Semi-Finished Iron in Russia.

Exports: In 2018, Russia exported $8.8B in Semi-Finished Iron, making it the 1st largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 6th most exported product in Russia. The main destination of Semi-Finished Iron exports from Russia are: Chinese Taipei ($1.54B), Mexico ($1.29B), Egypt ($1.1B), Turkey ($1B), and Belgium-Luxembourg ($945M).

The fastest growing export markets for Semi-Finished Iron of Russia between 2017 and 2018 were Mexico ($389M), Egypt ($365M), and Chinese Taipei ($239M).

Imports: In 2018, Russia imported $82.2M in Semi-Finished Iron, becoming the 46th largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 447th most imported product in Russia. Russia imports Semi-Finished Iron primarily from: Ukraine ($78.2M), United States ($1.66M), Germany ($444k), Netherlands ($296k), and India ($275k).

The fastest growing import markets in Semi-Finished Iron for Russia between 2017 and 2018 were Ukraine ($76.3M), United States ($1.58M), and Netherlands ($296k).

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

Overview: In June 2020 Russia's Semi-Finished Iron exports accounted up to $439M and imports accounted up to $614k, resulting in a positive trade balance of $439M. Between June 2019 and June 2020 the exports of Russia's   Semi-Finished Iron have decreased by $-15.6M (-3.44%) from $455M to $439M, while imports decreased by $-16.2M (-96.3%) from $16.8M to $614k.

Destinations: In June 2020 Semi-Finished Iron exported mostly to Taiwan ($94.4M), Mexico ($80.4M), Turkey ($67.5M), China ($44.8M), and Belgium ($23M), and imported mostly from Ukraine ($558k), Germany ($27.8k), Belarus ($13.4k), Slovakia ($12.8k), and Belgium ($2.17k).

Growth: In June 2020, the decrease in Semi-Finished Iron's year-by-year exports was explained primarily by a decrease in exports to Taiwan ($-52M or -35.5%), Belgium ($-24.7M or -51.8%), and Denmark ($-12.8M or -53.8%). In June 2020, the decrease in Semi-Finished Iron's year-by-year imports was explained primarily by a decrease in imports from Ukraine ($-15.6M or -96.5%), Germany ($-77.6k or -73.6%), and Belarus ($-2.86k or -17.7%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (June 2019 - June 2020): $-15.6M, (-3.44%)

IMPORT GROWTH (June 2019 - June 2020): $-16.2M, (-96.3%)

MAIN EXPORTER (June 2020): Lipetsk Region, $142M

MAIN DESTINATION (June 2020): Taiwan, $94.4M

This section shows Semi-Finished 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 Semi-Finished Iron over time.

Value

EXPORTS (2018): $8.8B

IMPORTS (2018): $82.2M

NET TRADE (2018): $8.72B

In 2018, Russia exported $8.8B in Semi-Finished Iron. The main destinations of Russia exports on Semi-Finished Iron were Chinese Taipei ($1.54B), Mexico ($1.29B), Egypt ($1.1B), Turkey ($1B), and Belgium-Luxembourg ($945M).

In 2018, Russia imported $82.2M in Semi-Finished Iron, mainly from Ukraine ($78.2M), United States ($1.66M), Germany ($444k), Netherlands ($296k), and India ($275k).

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IN 2018, Russia HAD A POSITIVE NET TRADE IN Semi-Finished Iron WITH:

  • Chinese Taipei, $1.54B ($1.54B - $0)
  • Mexico, $1.29B ($1.29B - $0)
  • Egypt, $1.1B ($1.1B - $0)

IN 2018, Russia HAD A NEGATIVE NET TRADE IN Semi-Finished Iron WITH:

  • Ukraine, -$44.4M ($33.8M - $78.2M)
  • Netherlands, -$296k ($0 - $296k)
  • Japan, -$197k ($0 - $197k)
Flow

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

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semi-Finished 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 Semi-Finished Iron were:

In 2018, Russia's main importing competitors in Semi-Finished Iron were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Semi-Finished 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 Semi-Finished Iron was 4.77%.

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

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