Flat-Rolled Iron in Russia

EXPORTS (2018): $132M, World Rnk 7 / 92
Flag Rnk 196 / 1196

TOP DESTINATION (2018): $45M, Turkey

FASTEST GROWING MARKET (2017 - 2018): $26.7M, Turkey

IMPORTS (2018): $14.7M, World Rnk 38 / 176
Flag Rnk 780 / 1200

TOP ORIGIN (2018): $5.93M, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $1.98M, France

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

PRODUCT COMPLEXITY  IN Flat-Rolled Iron (2018): 1.16, Rnk 118 / 1018

Overview: This page contains the latest trade data of Flat-Rolled Iron in Russia.

Exports: In 2018, Russia exported $132M in Flat-Rolled Iron, making it the 7th largest exporter of Flat-Rolled Iron in the world. At the same year, Flat-Rolled Iron was the 196th most exported product in Russia. The main destination of Flat-Rolled Iron exports from Russia are: Turkey ($45M), Germany ($13.1M), Belarus ($12M), Canada ($10M), and Italy ($8.93M).

The fastest growing export markets for Flat-Rolled Iron of Russia between 2017 and 2018 were Turkey ($26.7M), Germany ($4.31M), and Mexico ($3.83M).

Imports: In 2018, Russia imported $14.7M in Flat-Rolled Iron, becoming the 38th largest importer of Flat-Rolled Iron in the world. At the same year, Flat-Rolled Iron was the 780th most imported product in Russia. Russia imports Flat-Rolled Iron primarily from: Germany ($5.93M), France ($3.07M), China ($1.6M), Sweden ($604k), and Netherlands ($535k).

The fastest growing import markets in Flat-Rolled Iron for Russia between 2017 and 2018 were France ($1.98M), Germany ($1.28M), and China ($1.13M).

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

Overview: In June 2020 Russia's Flat-Rolled Iron exports accounted up to $4.93M and imports accounted up to $1.07M, resulting in a positive trade balance of $3.86M. Between June 2019 and June 2020 the exports of Russia's   Flat-Rolled Iron have decreased by $-968k (-16.4%) from $5.89M to $4.93M, while imports decreased by $-253k (-19.1%) from $1.32M to $1.07M.

Destinations: In June 2020 Flat-Rolled Iron exported mostly to Mexico ($2.08M), Canada ($690k), Poland ($578k), Belarus ($534k), and Ukraine ($490k), and imported mostly from France ($379k), Germany ($251k), China ($233k), South Korea ($50.6k), and Japan ($49.7k).

Growth: In June 2020, the decrease in Flat-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Turkey ($-2.58M or -98%), Belarus ($-163k or -23.4%), and Ukraine ($-82.9k or -14.5%). In June 2020, the decrease in Flat-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from Germany ($-211k or -45.7%), China ($-145k or -38.3%), and Turkey ($-120k or -94.2%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (June 2019 - June 2020): $-968k, (-16.4%)

IMPORT GROWTH (June 2019 - June 2020): $-253k, (-19.1%)

MAIN EXPORTER (June 2020): Lipetsk Region, $3.29M

MAIN DESTINATION (June 2020): Mexico, $2.08M

This section shows Flat-Rolled 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 Flat-Rolled Iron over time.

Value

EXPORTS (2018): $132M

IMPORTS (2018): $14.7M

NET TRADE (2018): $118M

In 2018, Russia exported $132M in Flat-Rolled Iron. The main destinations of Russia exports on Flat-Rolled Iron were Turkey ($45M), Germany ($13.1M), Belarus ($12M), Canada ($10M), and Italy ($8.93M).

In 2018, Russia imported $14.7M in Flat-Rolled Iron, mainly from Germany ($5.93M), France ($3.07M), China ($1.6M), Sweden ($604k), and Netherlands ($535k).

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IN 2018, Russia HAD A POSITIVE NET TRADE IN Flat-Rolled Iron WITH:

  • Turkey, $44.4M ($45M - $532k)
  • Belarus, $11.9M ($12M - $114k)
  • Canada, $10M ($10M - $0)

IN 2018, Russia HAD A NEGATIVE NET TRADE IN Flat-Rolled Iron WITH:

  • Netherlands, -$535k ($0 - $535k)
  • China, -$507k ($1.09M - $1.6M)
  • Czechia, -$431k ($11.4k - $442k)
Flow

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

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat-Rolled 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 Flat-Rolled Iron were:

In 2018, Russia's main importing competitors in Flat-Rolled Iron were:

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Trade Forecasts

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Time

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

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

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