2023
Exports
$1.37BWorld Rnk 2 / 91
Flag Rnk 24 / 1200
falsefalse Italy
2023
PRODUCT COMPLEXITY IN Pig Iron
-1.16Rnk 869 / 1025
2023
Imports
$5.32kWorld Rnk 112 / 140
Flag Rnk 1167 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $1.37B in Pig Iron, making it the 2nd largest exporter of Pig Iron in the world. At the same year, Pig Iron was the 24th most exported product in Russia. The main destination of Pig Iron exports from Russia are: Italy ($506M), Turkey ($403M), India ($132M), Chinese Taipei ($127M), and China ($65.7M).

The fastest growing export markets for Pig Iron of Russia between 2022 and 2023 were India ($104M), Chinese Taipei ($54.9M), and United Arab Emirates ($27.3M).

Imports In 2023, Russia imported $5.32k in Pig Iron, becoming the 112th largest importer of Pig Iron in the world. At the same year, Pig Iron was the 1167th most imported product in Russia. Russia imports Pig Iron primarily from: Kazakhstan ($5.32k).

Latest Trends

Dec 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 (2023)$1.37B
IMPORTS (2023)$5.32k
NET TRADE (2023)$1.37B

In 2023, Russia exported $1.37B in Pig Iron. The main destinations of Russia exports on Pig Iron were Italy ($506M), Turkey ($403M), India ($132M), Chinese Taipei ($127M), and China ($65.7M).

In 2023, Russia imported $5.32k in Pig Iron, mainly from Kazakhstan ($5.32k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pig Iron EXPORT MARKETS FOR Russia WERE (2022 - 2023):
India$104M (366%)
Chinese Taipei$54.9M (76.5%)
United Arab Emirates$27.3M (8.48k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pig Iron BY Russia WERE (2022 - 2023):
United States-$362M (-100%)
China-$122M (-65%)
Turkey-$118M (-22.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Pig Iron were:
In 2023, Russia's main importing competitors in Pig Iron were:

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Trade Value of Pig Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $52.5M
TOP IMPORT POTENTIALKazakhstan+ $7.68k

Pig Iron’s highest export potential is China. With an export gap of $52.5M.   Pig Iron’s highest import potential is Kazakhstan with an import gap of $7.68k.

See methodology.

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