HS Icon Iron Reductions in  Flag Russia

2020
Exports | Imports
: $944M | $44.3k, World Rnk 1 / 85
Flag Rnk 37 / 1210 | World Rnk 84 / 138
Flag Rnk 1182 / 1205

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $44.4M | $15.1k, Kuwait |  Japan

2020
ECONOMIC COMPLEXITY of Russia
: 0.5, Rnk 43 / 127

2020
PRODUCT COMPLEXITY  IN Iron Reductions
: -0.6, Rnk 727 / 1029

Exports In 2020, Russia exported $944M in Iron Reductions, making it the 1st largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 37th most exported product in Russia. The main destination of Iron Reductions exports from Russia are: China ($249M), Italy ($199M), Uzbekistan ($92.9M), Belgium ($88.7M), and Belarus ($59.8M).

The fastest growing export markets for Iron Reductions of Russia between 2019 and 2020 were Kuwait ($44.4M), Belgium ($33.5M), and Bangladesh ($30M).

Imports In 2020, Russia imported $44.3k in Iron Reductions, becoming the 84th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 1182nd most imported product in Russia. Russia imports Iron Reductions primarily from: Japan ($15.1k), Lithuania ($10.9k), Kazakhstan ($10.4k), United Kingdom ($5.08k), and Finland ($2.22k).

The fastest growing import markets in Iron Reductions for Russia between 2019 and 2020 were Japan ($15.1k), Lithuania ($9.61k), and United Kingdom ($4.92k).

Tariffs In 2018, the average tariff for Russia in Iron Reductions was 4.77%. The countries with the highest import tariffs for Iron Reductions were Angola (Most Favoured Nation duty rate treatement, 5%), Burundi (Most Favoured Nation duty rate treatement, 5%), Benin (Most Favoured Nation duty rate treatement, 5%), Burkina Faso (Most Favoured Nation duty rate treatement, 5%), and Botswana (Most Favoured Nation duty rate treatement, 5%).

Subnational Monthly Trade

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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 Reductions. 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

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EXPORTS (2020): $944M

IMPORTS (2020): $44.3k

NET TRADE (2020): $944M

In 2020, Russia exported $944M in Iron Reductions. The main destinations of Russia exports on Iron Reductions were China ($249M), Italy ($199M), Uzbekistan ($92.9M), Belgium ($88.7M), and Belarus ($59.8M).

In 2020, Russia imported $44.3k in Iron Reductions, mainly from Japan ($15.1k), Lithuania ($10.9k), Kazakhstan ($10.4k), United Kingdom ($5.08k), and Finland ($2.22k).

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THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Russia WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Russia WERE (2019 - 2020):

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Market Concentration

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In 2020, Russia's main exporting competitors in Iron Reductions were:

In 2020, Russia's main importing competitors in Iron Reductions were:

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