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2023
Exports $610MWorld Rnk 14 / 118
Flag Rnk 51 / 1200
2023
Destination $85.4M Turkey
2022 - 2023
FASTEST GROWING MARKET $85.4MChina
2023
PRODUCT COMPLEXITY IN Flat Flat-Rolled Steel1.38Rnk 65 / 1025
2023
Imports $72MWorld Rnk 48 / 199
Flag Rnk 408 / 1186
2023
Origin $36.3M China
2022 - 2023
FASTEST GROWING ORIGIN $36.3MChina
2023
ECONOMIC COMPLEXITY of Russia0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $610M in Flat Flat-Rolled Steel, making it the 14th largest exporter of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 51st most exported product in Russia. The main destination of Flat Flat-Rolled Steel exports from Russia are: Turkey ($131M), India ($124M), China ($107M), United Arab Emirates ($87.3M), and Uzbekistan ($48M).

The fastest growing export markets for Flat Flat-Rolled Steel of Russia between 2022 and 2023 were China ($85.4M), United Arab Emirates ($37.3M), and Azerbaijan ($21.5M).

Imports In 2023, Russia imported $72M in Flat Flat-Rolled Steel, becoming the 48th largest importer of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 408th most imported product in Russia. Russia imports Flat Flat-Rolled Steel primarily from: China ($64.9M), Kazakhstan ($4.1M), Slovenia ($1.58M), Turkey ($624k), and Czechia ($198k).

The fastest growing import markets in Flat Flat-Rolled Steel for Russia between 2022 and 2023 were China ($36.3M), Kazakhstan ($2.75M), and Latvia ($140k).

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 Flat Flat-Rolled Steel. 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)$610M
IMPORTS (2023)$72M
NET TRADE (2023)$538M

In 2023, Russia exported $610M in Flat Flat-Rolled Steel. The main destinations of Russia exports on Flat Flat-Rolled Steel were Turkey ($131M), India ($124M), China ($107M), United Arab Emirates ($87.3M), and Uzbekistan ($48M).

In 2023, Russia imported $72M in Flat Flat-Rolled Steel, mainly from China ($64.9M), Kazakhstan ($4.1M), Slovenia ($1.58M), Turkey ($624k), and Czechia ($198k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Flat Flat-Rolled Steel EXPORT MARKETS FOR Russia WERE (2022 - 2023):
China$85.4M (391%)
United Arab Emirates$37.3M (74.6%)
Azerbaijan$21.5M (1.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat Flat-Rolled Steel BY Russia WERE (2022 - 2023):
Italy-$103M (-86.5%)
Turkey-$57.1M (-30.4%)
Colombia-$23.5M (-99.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Flat Flat-Rolled Steel were:
China $5.49B
Japan $5.16B
Germany $3.69B
In 2023, Russia's main importing competitors in Flat Flat-Rolled Steel were:
Mexico $2.59B
Germany $2.32B
Turkey $2.18B

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Trade Value of Flat Flat-Rolled Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $27.9M
TOP IMPORT POTENTIALChina+ $26.3M

Flat Flat-Rolled Steel’s highest export potential is China. With an export gap of $27.9M.   Flat Flat-Rolled Steel’s highest import potential is China with an import gap of $26.3M.

See methodology.

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