2022
Exports
$43.5MWorld Rnk 23 / 109
Flag Rnk 313 / 1200
2022
PRODUCT COMPLEXITY IN Flat-Rolled Iron
1.12Rnk 129 / 1025
2022
Imports
$14.7MWorld Rnk 44 / 182
Flag Rnk 721 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $43.5M in Flat-Rolled Iron, making it the 23rd largest exporter of Flat-Rolled Iron in the world. At the same year, Flat-Rolled Iron was the 313th most exported product in Russia. The main destination of Flat-Rolled Iron exports from Russia are: Italy ($18.5M), Turkey ($10.9M), Poland ($6.08M), Spain ($989k), and South Africa ($744k).

The fastest growing export markets for Flat-Rolled Iron of Russia between 2021 and 2022 were Italy ($14.3M), South Africa ($744k), and South Korea ($682k).

Imports In 2022, Russia imported $14.7M in Flat-Rolled Iron, becoming the 44th largest importer of Flat-Rolled Iron in the world. At the same year, Flat-Rolled Iron was the 721st most imported product in Russia. Russia imports Flat-Rolled Iron primarily from: China ($11.5M), Poland ($927k), Germany ($778k), Turkey ($432k), and France ($339k).

The fastest growing import markets in Flat-Rolled Iron for Russia between 2021 and 2022 were China ($9.34M), Estonia ($227k), and Poland ($107k).

Latest Trends

Oct 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-Rolled Iron. 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)$43.5M
IMPORTS (2022)$14.7M
NET TRADE (2022)$28.8M

In 2022, Russia exported $43.5M in Flat-Rolled Iron. The main destinations of Russia exports on Flat-Rolled Iron were Italy ($18.5M), Turkey ($10.9M), Poland ($6.08M), Spain ($989k), and South Africa ($744k).

In 2022, Russia imported $14.7M in Flat-Rolled Iron, mainly from China ($11.5M), Poland ($927k), Germany ($778k), Turkey ($432k), and France ($339k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flat-Rolled Iron EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Italy$14.3M (340%)
South Africa$744k (1.13M%)
South Korea$682k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat-Rolled Iron BY Russia WERE (2021 - 2022):
Belarus-$12.5M (-100%)
Tunisia-$10.3M (-98.7%)
Turkey-$9.48M (-46.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Flat-Rolled Iron were:
In 2022, Russia's main importing competitors in Flat-Rolled Iron were:

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Trade Value of Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $1.95M
TOP IMPORT POTENTIALChina+ $3.48M

Flat-Rolled Iron’s highest export potential is Poland. With an export gap of $1.95M.   Flat-Rolled Iron’s highest import potential is China with an import gap of $3.48M.

See methodology.

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