2022
Exports
$8.38BWorld Rnk 1 / 119
Flag Rnk 6 / 1200
2022
PRODUCT COMPLEXITY IN Semi-Finished Iron
-0.88Rnk 800 / 1025
2022
Imports
$1.69MWorld Rnk 95 / 188
Flag Rnk 1003 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $8.38B in Semi-Finished Iron, making it the 1st largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 6th most exported product in Russia. The main destination of Semi-Finished Iron exports from Russia are: Turkey ($1.92B), China ($1.19B), Chinese Taipei ($989M), Belgium ($881M), and Italy ($518M).

The fastest growing export markets for Semi-Finished Iron of Russia between 2021 and 2022 were China ($911M), Turkey ($904M), and Indonesia ($287M).

Imports In 2022, Russia imported $1.69M in Semi-Finished Iron, becoming the 95th largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 1003rd most imported product in Russia. Russia imports Semi-Finished Iron primarily from: Germany ($707k), Austria ($427k), Italy ($209k), Hungary ($126k), and United Kingdom ($91.4k).

The fastest growing import markets in Semi-Finished Iron for Russia between 2021 and 2022 were Germany ($444k), Austria ($221k), and Italy ($175k).

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 Semi-Finished 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)$8.38B
IMPORTS (2022)$1.69M
NET TRADE (2022)$8.38B

In 2022, Russia exported $8.38B in Semi-Finished Iron. The main destinations of Russia exports on Semi-Finished Iron were Turkey ($1.92B), China ($1.19B), Chinese Taipei ($989M), Belgium ($881M), and Italy ($518M).

In 2022, Russia imported $1.69M in Semi-Finished Iron, mainly from Germany ($707k), Austria ($427k), Italy ($209k), Hungary ($126k), and United Kingdom ($91.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Semi-Finished Iron EXPORT MARKETS FOR Russia WERE (2021 - 2022):
China$911M (331%)
Turkey$904M (88.8%)
Indonesia$287M (250%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semi-Finished Iron BY Russia WERE (2021 - 2022):
Mexico-$2.14B (-100%)
Belgium-$622M (-41.4%)
Chinese Taipei-$562M (-36.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Semi-Finished Iron were:
Oman $3.44B
Brazil $3.42B
In 2022, Russia's main importing competitors in Semi-Finished Iron were:

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Trade Value of Semi-Finished Iron by Exporters

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