2023
Exports
$12.1MWorld Rnk 27 / 122
Flag Rnk 478 / 1200
2023
PRODUCT COMPLEXITY IN Steel Wire
1.13Rnk 131 / 1025
2023
Imports
$54.4MWorld Rnk 20 / 200
Flag Rnk 459 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $12.1M in Steel Wire, making it the 27th largest exporter of Steel Wire in the world. At the same year, Steel Wire was the 478th most exported product in Russia. The main destination of Steel Wire exports from Russia are: Turkey ($3.6M), Colombia ($2.07M), Israel ($1.92M), Kazakhstan ($1.25M), and Georgia ($1.07M).

The fastest growing export markets for Steel Wire of Russia between 2022 and 2023 were Turkey ($2.99M), Israel ($1.92M), and Georgia ($771k).

Imports In 2023, Russia imported $54.4M in Steel Wire, becoming the 20th largest importer of Steel Wire in the world. At the same year, Steel Wire was the 459th most imported product in Russia. Russia imports Steel Wire primarily from: China ($48.1M), Turkey ($2.79M), India ($1.02M), Finland ($697k), and Kyrgyzstan ($562k).

The fastest growing import markets in Steel Wire for Russia between 2022 and 2023 were China ($1.82M), India ($440k), and Kyrgyzstan ($389k).

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 Steel Wire. 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)$12.1M
IMPORTS (2023)$54.4M
NET TRADE (2023)-$42.3M

In 2023, Russia exported $12.1M in Steel Wire. The main destinations of Russia exports on Steel Wire were Turkey ($3.6M), Colombia ($2.07M), Israel ($1.92M), Kazakhstan ($1.25M), and Georgia ($1.07M).

In 2023, Russia imported $54.4M in Steel Wire, mainly from China ($48.1M), Turkey ($2.79M), India ($1.02M), Finland ($697k), and Kyrgyzstan ($562k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Steel Wire EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Turkey$2.99M (494%)
Israel$1.92M (1%)
Georgia$771k (258%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Wire BY Russia WERE (2022 - 2023):
Poland-$49M (-99.9%)
Germany-$14M (-99.9%)
Lithuania-$12.5M (-99.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Steel Wire were:
In 2023, Russia's main importing competitors in Steel Wire were:

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Trade Value of Steel Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.57M
TOP IMPORT POTENTIALChina+ $5.59M

Steel Wire’s highest export potential is Germany. With an export gap of $2.57M.   Steel Wire’s highest import potential is China with an import gap of $5.59M.

See methodology.

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