2022
Exports
$110MWorld Rnk 11 / 123
Flag Rnk 185 / 1200
2022
PRODUCT COMPLEXITY IN Steel Wire
0.96Rnk 189 / 1025
2022
Imports
$64.6MWorld Rnk 17 / 193
Flag Rnk 443 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $110M in Steel Wire, making it the 11th largest exporter of Steel Wire in the world. At the same year, Steel Wire was the 185th most exported product in Russia. The main destination of Steel Wire exports from Russia are: Poland ($46.3M), Thailand ($17.6M), Germany ($13M), Lithuania ($11.9M), and Colombia ($3.44M).

The fastest growing export markets for Steel Wire of Russia between 2021 and 2022 were Thailand ($17.6M), Lithuania ($5.38M), and Colombia ($2.31M).

Imports In 2022, Russia imported $64.6M in Steel Wire, becoming the 17th largest importer of Steel Wire in the world. At the same year, Steel Wire was the 443rd most imported product in Russia. Russia imports Steel Wire primarily from: China ($46.2M), Turkey ($5.96M), Vietnam ($2.32M), South Korea ($2.21M), and Czechia ($1.51M).

The fastest growing import markets in Steel Wire for Russia between 2021 and 2022 were China ($6.67M), Turkey ($3M), and Lithuania ($1.11M).

Latest Trends

Sep 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 (2022)$110M
IMPORTS (2022)$64.6M
NET TRADE (2022)$45.2M

In 2022, Russia exported $110M in Steel Wire. The main destinations of Russia exports on Steel Wire were Poland ($46.3M), Thailand ($17.6M), Germany ($13M), Lithuania ($11.9M), and Colombia ($3.44M).

In 2022, Russia imported $64.6M in Steel Wire, mainly from China ($46.2M), Turkey ($5.96M), Vietnam ($2.32M), South Korea ($2.21M), and Czechia ($1.51M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Wire EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Thailand$17.6M (1%)
Lithuania$5.38M (82.3%)
Colombia$2.31M (204%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Wire BY Russia WERE (2021 - 2022):
Germany-$13.3M (-50.5%)
Poland-$13.2M (-22.3%)
Luxembourg-$6.31M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Steel Wire were:
In 2022, 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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