Semi-Finished Iron in Russia 2020 Exports | Imports : $4.5B | $6.58M, World Rnk 1 / 115 Rnk 9 / 1210 | World Rnk 77 / 177 Rnk 903 / 1205
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $251M | $4.37M, China | Kazakhstan
2020 ECONOMIC COMPLEXITY of Russia: 0.5, Rnk 43 / 127
2020 PRODUCT COMPLEXITY IN Semi-Finished Iron: -0.74, Rnk 760 / 1029
Exports In 2020, Russia exported $4.5B 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 9th most exported product in Russia. The main destination of Semi-Finished Iron exports from Russia are: Chinese Taipei ($780M), Mexico ($564M), Belgium ($401M), Turkey ($401M), and China ($303M).
The fastest growing export markets for Semi-Finished Iron of Russia between 2019 and 2020 were China ($251M), United Arab Emirates ($119M), and Kenya ($34.3M).
Imports In 2020, Russia imported $6.58M in Semi-Finished Iron, becoming the 77th largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 903rd most imported product in Russia. Russia imports Semi-Finished Iron primarily from: Kazakhstan ($4.37M), United States ($549k), Germany ($372k), Italy ($265k), and Belarus ($237k).
The fastest growing import markets in Semi-Finished Iron for Russia between 2019 and 2020 were Kazakhstan ($4.37M), Poland ($106k), and Italy ($74.5k).
Tariffs In 2018, the average tariff for Russia in Semi-Finished Iron was 4.77%. The countries with the highest import tariffs for Semi-Finished Iron 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%).
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.
EXPORTS (2020): $4.5B
IMPORTS (2020): $6.58M
NET TRADE (2020): $4.49B
In 2020, Russia exported $4.5B in Semi-Finished Iron. The main destinations of Russia exports on Semi-Finished Iron were Chinese Taipei ($780M), Mexico ($564M), Belgium ($401M), Turkey ($401M), and China ($303M).
In 2020, Russia imported $6.58M in Semi-Finished Iron, mainly from Kazakhstan ($4.37M), United States ($549k), Germany ($372k), Italy ($265k), and Belarus ($237k).
THE FASTEST GROWING Semi-Finished Iron EXPORT MARKETS FOR Russia WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semi-Finished Iron BY Russia WERE (2019 - 2020):
In 2020, Russia's main exporting competitors in Semi-Finished Iron were:
In 2020, Russia's main importing competitors in Semi-Finished Iron were:
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