2023
Exports
$155kWorld Rnk 63 / 107
Flag Rnk 1041 / 1200
2023
PRODUCT COMPLEXITY IN Iron Ingots
-1.38Rnk 922 / 1025
2023
Imports
$1.94kWorld Rnk 155 / 175
Flag Rnk 1172 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $155k in Iron Ingots, making it the 63rd largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 1041st most exported product in Russia. The main destination of Iron Ingots exports from Russia are: Czechia ($74.5k), Kazakhstan ($51.3k), and United Arab Emirates ($29.4k).

The fastest growing export markets for Iron Ingots of Russia between 2022 and 2023 were United Arab Emirates ($29.4k).

Imports In 2023, Russia imported $1.94k in Iron Ingots, becoming the 155th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 1172nd most imported product in Russia. Russia imports Iron Ingots primarily from: Norway ($981) and Turkey ($957).

The fastest growing import markets in Iron Ingots for Russia between 2022 and 2023 were Norway ($981) and Turkey ($246).

Historical Data

Trade Balance

Color
EXPORTS (2023)$155k
IMPORTS (2023)$1.94k
NET TRADE (2023)$153k

In 2023, Russia exported $155k in Iron Ingots. The main destinations of Russia exports on Iron Ingots were Czechia ($74.5k), Kazakhstan ($51.3k), and United Arab Emirates ($29.4k).

In 2023, Russia imported $1.94k in Iron Ingots, mainly from Norway ($981) and Turkey ($957).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Russia WERE (2022 - 2023):United Arab Emirates$29.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Russia WERE (2022 - 2023):
El Salvador-$23.6M (-100%)
Denmark-$4.32M (-100%)
Kazakhstan-$177k (-77.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Russia's main exporting competitors in Iron Ingots were:
India $254M
China $65.3M
Italy $48.7M
In 2023, Russia's main importing competitors in Iron Ingots were:
Italy $238M
Jordan $67.8M
Spain $41.3M

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCzechia+ $111k
TOP IMPORT POTENTIALChina+ $1.07k

Iron Ingots’s highest export potential is Czechia. With an export gap of $111k.   Iron Ingots’s highest import potential is China with an import gap of $1.07k.

See methodology.

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