HS Icon Iron Reductions in  Flag Russia

2019
Exports | Imports
: $1.07B | $103k, World Rnk 1 / 88
Flag Rnk 38 / 1208 | World Rnk 73 / 132
Flag Rnk 1173 / 1210

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $238M | $49.8k, China |  Kazakhstan

2019
ECONOMIC COMPLEXITY of Russia
: 0.54, Rnk 48 / 147

2019
PRODUCT COMPLEXITY  IN Iron Reductions
: -1.17, Rnk 876 / 1029

Exports In 2019, Russia exported $1.07B in Iron Reductions, making it the 1st largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 38th most exported product in Russia. The main destination of Iron Reductions exports from Russia are: Italy ($338M), China ($238M), Turkey ($110M), Belarus ($84.9M), and Germany ($72.5M).

The fastest growing export markets for Iron Reductions of Russia between 2018 and 2019 were China ($238M), Turkey ($72.9M), and Uzbekistan ($12.5M).

Imports In 2019, Russia imported $103k in Iron Reductions, becoming the 73rd largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 1173rd most imported product in Russia. Russia imports Iron Reductions primarily from: Kazakhstan ($49.8k), Finland ($28.1k), Iran ($22.5k), Lithuania ($1.25k), and Sweden ($634).

The fastest growing import markets in Iron Reductions for Russia between 2018 and 2019 were Kazakhstan ($49.8k), Finland ($25.3k), and Iran ($22.5k).

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%).

Historical Data

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EXPORTS (2019): $1.07B

IMPORTS (2019): $103k

NET TRADE (2019): $1.07B

In 2019, Russia exported $1.07B in Iron Reductions. The main destinations of Russia exports on Iron Reductions were Italy ($338M), China ($238M), Turkey ($110M), Belarus ($84.9M), and Germany ($72.5M).

In 2019, Russia imported $103k in Iron Reductions, mainly from Kazakhstan ($49.8k), Finland ($28.1k), Iran ($22.5k), Lithuania ($1.25k), and Sweden ($634).

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IN 2019, Russia HAD A POSITIVE NET TRADE IN Iron Reductions WITH:

Flow

THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Russia WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Russia WERE (2018 - 2019):

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Market Concentration

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In 2019, Russia's main exporting competitors in Iron Reductions were:

In 2019, Russia's main importing competitors in Iron Reductions were:

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Tariffs by Country

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In 2018, the average tariff for Russia in Iron Reductions was 4.77%.

The countries with the highest tariffs for Iron Reductions in Russia 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%).