2022
Exports
$83.5MWorld Rnk 13 / 126
Flag Rnk 219 / 1200
2022
PRODUCT COMPLEXITY IN Iron Railway Products
0.37Rnk 418 / 1025
2022
Imports
$11.8MWorld Rnk 61 / 203
Flag Rnk 767 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $83.5M in Iron Railway Products, making it the 13th largest exporter of Iron Railway Products in the world. At the same year, Iron Railway Products was the 219th most exported product in Russia. The main destination of Iron Railway Products exports from Russia are: Kazakhstan ($22.9M), Azerbaijan ($20.3M), Brazil ($11.6M), Uzbekistan ($8.66M), and Georgia ($8.53M).

The fastest growing export markets for Iron Railway Products of Russia between 2021 and 2022 were Azerbaijan ($19.9M), Kazakhstan ($6.35M), and Georgia ($4.53M).

Imports In 2022, Russia imported $11.8M in Iron Railway Products, becoming the 61st largest importer of Iron Railway Products in the world. At the same year, Iron Railway Products was the 767th most imported product in Russia. Russia imports Iron Railway Products primarily from: Kazakhstan ($8.79M), Germany ($843k), China ($735k), Ukraine ($229k), and Turkey ($212k).

The fastest growing import markets in Iron Railway Products for Russia between 2021 and 2022 were South Africa ($142k), Lithuania ($75.9k), and Italy ($64.8k).

COMPANIES In 2021, leading companies such as BOEING (1) were at the forefront of shipping Iron Railway Products from Russia to the United States.

Latest Trends

Sep 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 Iron Railway Products. 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)$83.5M
IMPORTS (2022)$11.8M
NET TRADE (2022)$71.7M

In 2022, Russia exported $83.5M in Iron Railway Products. The main destinations of Russia exports on Iron Railway Products were Kazakhstan ($22.9M), Azerbaijan ($20.3M), Brazil ($11.6M), Uzbekistan ($8.66M), and Georgia ($8.53M).

In 2022, Russia imported $11.8M in Iron Railway Products, mainly from Kazakhstan ($8.79M), Germany ($843k), China ($735k), Ukraine ($229k), and Turkey ($212k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Railway Products EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Azerbaijan$19.9M (5.48k%)
Kazakhstan$6.35M (38.3%)
Georgia$4.53M (113%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Railway Products BY Russia WERE (2021 - 2022):
Uzbekistan-$17.8M (-67.3%)
Belarus-$16.5M (-100%)
China-$12M (-86.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Iron Railway Products were:
In 2022, Russia's main importing competitors in Iron Railway Products were:

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Trade Value of Iron Railway Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.61M
TOP IMPORT POTENTIALChina+ $1.39M

Iron Railway Products’s highest export potential is China. With an export gap of $1.61M.   Iron Railway Products’s highest import potential is China with an import gap of $1.39M.

See methodology.

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