2022
Exports | Imports
$1.75B | $604kWorld Rnk 1 / 87
Flag Rnk 28 / 4359
World Rnk 78 / 147
Flag Rnk 3548 / 4440
2022
ECONOMIC COMPLEXITY of Russia
0.42Rnk 45 / 124

About

Exports In 2022, Russia exported $1.75B in Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes, making it the 1st largest exporter of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes in the world. At the same year, Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes was the 28th most exported product in Russia. The main destination of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes exports from Russia are: Turkey ($807M), Kazakhstan ($206M), Chinese Taipei ($165M), Philippines ($142M), and Italy ($111M).

The fastest growing export markets for Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes of Russia between 2021 and 2022 were Turkey ($192M), Philippines ($69.4M), and Thailand ($18.6M).

Imports In 2022, Russia imported $604k in Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes, becoming the 78th largest importer of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes in the world. At the same year, Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes was the 3548th most imported product in Russia. Russia imports Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes primarily from: Austria ($427k), Hungary ($126k), United Kingdom ($30.7k), Poland ($18.6k), and India ($1.3k).

The fastest growing import markets in Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes for Russia between 2021 and 2022 were Austria ($221k).

COMPANIES In 2021, leading companies such as IKEA SUPPLY AG (2.66k), ROBERT BOSCH TOOL CORPORATION (1.68k), and PIRELLI TIRE LLC (912) were at the forefront of shipping Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes from Russia to the United States.

Latest Trends

Feb 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 Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Unit Prices

Flow
Value

The following visualization shows the unit prices for Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes throughout time. Products without a clear unit are excluded.

Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.75B
IMPORTS (2022)$604k
NET TRADE (2022)$1.75B

In 2022, Russia exported $1.75B in Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes. The main destinations of Russia exports on Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes were Turkey ($807M), Kazakhstan ($206M), Chinese Taipei ($165M), Philippines ($142M), and Italy ($111M).

In 2022, Russia imported $604k in Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes, mainly from Austria ($427k), Hungary ($126k), United Kingdom ($30.7k), Poland ($18.6k), and India ($1.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rectangular iron or non-alloy steel bars, EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Turkey$192M (31.2%)
Philippines$69.4M (95.1%)
Thailand$18.6M (146%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rectangular iron or non-alloy steel bars, BY Russia WERE (2021 - 2022):
Chinese Taipei-$329M (-66.7%)
China-$108M (-50%)
United Arab Emirates-$83.6M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Rectangular iron or non-alloy steel bars,
Oman $1.3B
In 2022, Russia's main importing competitors in Rectangular iron or non-alloy steel bars,

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Trade Value of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes by Exporters

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