2022
Exports
$1.78BWorld Rnk 2 / 92
Flag Rnk 23 / 1200
2022
PRODUCT COMPLEXITY IN Pig Iron
-1.18Rnk 876 / 1025
2022
Imports
$82kWorld Rnk 87 / 141
Flag Rnk 1154 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $1.78B in Pig Iron, making it the 2nd largest exporter of Pig Iron in the world. At the same year, Pig Iron was the 23rd most exported product in Russia. The main destination of Pig Iron exports from Russia are: Italy ($469M), Turkey ($457M), United States ($362M), China ($164M), and Chinese Taipei ($71.7M).

The fastest growing export markets for Pig Iron of Russia between 2021 and 2022 were Italy ($284M), Turkey ($94.2M), and Chinese Taipei ($46M).

Imports In 2022, Russia imported $82k in Pig Iron, becoming the 87th largest importer of Pig Iron in the world. At the same year, Pig Iron was the 1154th most imported product in Russia. Russia imports Pig Iron primarily from: Kazakhstan ($81.9k) and South Korea ($105).

The fastest growing import markets in Pig Iron for Russia between 2021 and 2022 were Kazakhstan ($81.9k) and South Korea ($105).

Latest Trends

Apr 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 Pig 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)$1.78B
IMPORTS (2022)$82k
NET TRADE (2022)$1.78B

In 2022, Russia exported $1.78B in Pig Iron. The main destinations of Russia exports on Pig Iron were Italy ($469M), Turkey ($457M), United States ($362M), China ($164M), and Chinese Taipei ($71.7M).

In 2022, Russia imported $82k in Pig Iron, mainly from Kazakhstan ($81.9k) and South Korea ($105).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pig Iron EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Italy$284M (154%)
Turkey$94.2M (26%)
Chinese Taipei$46M (179%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pig Iron BY Russia WERE (2021 - 2022):
United States-$629M (-63.5%)
Belarus-$61.7M (-100%)
Germany-$16.5M (-47.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Pig Iron by Exporters

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