2022
Exports | Imports
$510M | $1.1MWorld Rnk 13 / 126
Flag Rnk 62 / 1200
World Rnk 151 / 210
Flag Rnk 1040 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.42Rnk 45 / 124
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.32Rnk 651 / 1025

About

Exports In 2022, Russia exported $510M in Hot-Rolled Iron Bars, making it the 13th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 62nd most exported product in Russia. The main destination of Hot-Rolled Iron Bars exports from Russia are: Turkey ($83.9M), Kazakhstan ($59.5M), Netherlands ($35.6M), Lithuania ($32.5M), and Spain ($27.6M).

The fastest growing export markets for Hot-Rolled Iron Bars of Russia between 2021 and 2022 were Cote d'Ivoire ($18.5M), Singapore ($17.7M), and Spain ($17.7M).

Imports In 2022, Russia imported $1.1M in Hot-Rolled Iron Bars, becoming the 151st largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 1040th most imported product in Russia. Russia imports Hot-Rolled Iron Bars primarily from: Slovakia ($486k), United Kingdom ($325k), Turkey ($155k), China ($93.3k), and Kazakhstan ($32.8k).

The fastest growing import markets in Hot-Rolled Iron Bars for Russia between 2021 and 2022 were China ($91.4k), Kazakhstan ($32.8k), and Turkey ($29.7k).

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

Latest Trends

Feb 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 Hot-Rolled Iron Bars. 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)$510M
IMPORTS (2022)$1.1M
NET TRADE (2022)$508M

In 2022, Russia exported $510M in Hot-Rolled Iron Bars. The main destinations of Russia exports on Hot-Rolled Iron Bars were Turkey ($83.9M), Kazakhstan ($59.5M), Netherlands ($35.6M), Lithuania ($32.5M), and Spain ($27.6M).

In 2022, Russia imported $1.1M in Hot-Rolled Iron Bars, mainly from Slovakia ($486k), United Kingdom ($325k), Turkey ($155k), China ($93.3k), and Kazakhstan ($32.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Cote d'Ivoire$18.5M (331%)
Singapore$17.7M (1%)
Spain$17.7M (178%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Russia WERE (2021 - 2022):
Israel-$265M (-96.5%)
Guatemala-$35.3M (-87.8%)
Colombia-$32.2M (-55.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
In 2022, Russia's main importing competitors in Hot-Rolled Iron Bars were:

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Trade Value of Hot-Rolled Iron Bars by Exporters

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