2022
Exports
$1.71BWorld Rnk 9 / 129
Flag Rnk 24 / 1200
2022
PRODUCT COMPLEXITY IN Ferroalloys
-1.24Rnk 892 / 1025
2022
Imports
$475MWorld Rnk 20 / 172
Flag Rnk 107 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $1.71B in Ferroalloys, making it the 9th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 24th most exported product in Russia. The main destination of Ferroalloys exports from Russia are: United States ($626M), Japan ($372M), South Korea ($177M), Turkey ($99.2M), and Netherlands ($82.3M).

The fastest growing export markets for Ferroalloys of Russia between 2021 and 2022 were United States ($500M), Japan ($67M), and Germany ($44.8M).

Imports In 2022, Russia imported $475M in Ferroalloys, becoming the 20th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 107th most imported product in Russia. Russia imports Ferroalloys primarily from: Kazakhstan ($217M), Georgia ($109M), China ($66.7M), Armenia ($51.9M), and Turkey ($4.84M).

The fastest growing import markets in Ferroalloys for Russia between 2021 and 2022 were Kazakhstan ($54.4M), China ($52.3M), and Armenia ($41M).

Latest Trends

Apr 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 Ferroalloys. 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)$1.71B
IMPORTS (2022)$475M
NET TRADE (2022)$1.24B

In 2022, Russia exported $1.71B in Ferroalloys. The main destinations of Russia exports on Ferroalloys were United States ($626M), Japan ($372M), South Korea ($177M), Turkey ($99.2M), and Netherlands ($82.3M).

In 2022, Russia imported $475M in Ferroalloys, mainly from Kazakhstan ($217M), Georgia ($109M), China ($66.7M), Armenia ($51.9M), and Turkey ($4.84M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Russia WERE (2021 - 2022):
United States$500M (397%)
Japan$67M (21.9%)
Germany$44.8M (121%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Russia WERE (2021 - 2022):
Netherlands-$208M (-71.6%)
China-$97.4M (-93.6%)
Indonesia-$68.8M (-97.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Ferroalloys by Exporters

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