2023
Exports
$825MWorld Rnk 12 / 126
Flag Rnk 37 / 1200
2023
PRODUCT COMPLEXITY IN Ferroalloys
-1.33Rnk 905 / 1025
2023
Imports
$321MWorld Rnk 23 / 171
Flag Rnk 155 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $825M in Ferroalloys, making it the 12th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 37th most exported product in Russia. The main destination of Ferroalloys exports from Russia are: United States ($207M), Japan ($185M), Turkey ($87.1M), Netherlands ($57.4M), and Chinese Taipei ($49.7M).

The fastest growing export markets for Ferroalloys of Russia between 2022 and 2023 were India ($28.9M), China ($19.8M), and Slovenia ($6.97M).

Imports In 2023, Russia imported $321M in Ferroalloys, becoming the 23rd largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 155th most imported product in Russia. Russia imports Ferroalloys primarily from: Kazakhstan ($120M), Armenia ($73M), Georgia ($46.8M), China ($36.5M), and Turkey ($21M).

The fastest growing import markets in Ferroalloys for Russia between 2022 and 2023 were Armenia ($21.1M), Turkey ($16.2M), and India ($12.1M).

Latest Trends

Dec 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 (2023)$825M
IMPORTS (2023)$321M
NET TRADE (2023)$504M

In 2023, Russia exported $825M in Ferroalloys. The main destinations of Russia exports on Ferroalloys were United States ($207M), Japan ($185M), Turkey ($87.1M), Netherlands ($57.4M), and Chinese Taipei ($49.7M).

In 2023, Russia imported $321M in Ferroalloys, mainly from Kazakhstan ($120M), Armenia ($73M), Georgia ($46.8M), China ($36.5M), and Turkey ($21M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Russia WERE (2022 - 2023):
India$28.9M (196%)
China$19.8M (276%)
Slovenia$6.97M (69.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Russia WERE (2022 - 2023):
United States-$419M (-66.9%)
Japan-$221M (-54.5%)
South Korea-$190M (-100%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Ferroalloys were:
In 2023, Russia's main importing competitors in Ferroalloys were:

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $55.6M
TOP IMPORT POTENTIALChina+ $39.4M

Ferroalloys’s highest export potential is Germany. With an export gap of $55.6M.   Ferroalloys’s highest import potential is China with an import gap of $39.4M.

See methodology.

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