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2022
Exports $1.27MWorld Rnk 43 / 120
Flag Rnk 857 / 1200
2022
Destination $250k Kazakhstan
2021 - 2022
FASTEST GROWING MARKET $250kTurkey
2022
PRODUCT COMPLEXITY IN Flat-Rolled Stainless Steel1.55Rnk 41 / 1025
2022
Imports $49.1MWorld Rnk 35 / 198
Flag Rnk 499 / 1201
2022
Origin $743k China
2021 - 2022
FASTEST GROWING ORIGIN $743kFinland
2022
ECONOMIC COMPLEXITY of Russia0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $1.27M in Flat-Rolled Stainless Steel, making it the 43rd largest exporter of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 857th most exported product in Russia. The main destination of Flat-Rolled Stainless Steel exports from Russia are: Kazakhstan ($401k), China ($277k), Turkey ($264k), Latvia ($144k), and Kyrgyzstan ($60.2k).

The fastest growing export markets for Flat-Rolled Stainless Steel of Russia between 2021 and 2022 were Turkey ($250k), China ($174k), and Latvia ($76.9k).

Imports In 2022, Russia imported $49.1M in Flat-Rolled Stainless Steel, becoming the 35th largest importer of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 499th most imported product in Russia. Russia imports Flat-Rolled Stainless Steel primarily from: China ($27M), Turkey ($6.06M), South Korea ($4.97M), India ($2.66M), and Italy ($2.35M).

The fastest growing import markets in Flat-Rolled Stainless Steel for Russia between 2021 and 2022 were Finland ($743k), Turkey ($263k), and Norway ($26.4k).

Latest Trends

Jul 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 Flat-Rolled Stainless Steel. 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)$1.27M
IMPORTS (2022)$49.1M
NET TRADE (2022)-$47.9M

In 2022, Russia exported $1.27M in Flat-Rolled Stainless Steel. The main destinations of Russia exports on Flat-Rolled Stainless Steel were Kazakhstan ($401k), China ($277k), Turkey ($264k), Latvia ($144k), and Kyrgyzstan ($60.2k).

In 2022, Russia imported $49.1M in Flat-Rolled Stainless Steel, mainly from China ($27M), Turkey ($6.06M), South Korea ($4.97M), India ($2.66M), and Italy ($2.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flat-Rolled Stainless Steel EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Turkey$250k (1.7k%)
China$174k (169%)
Latvia$76.9k (114%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat-Rolled Stainless Steel BY Russia WERE (2021 - 2022):
India-$4.54M (-100%)
Belarus-$1.5M (-100%)
Ukraine-$220k (-95.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Flat-Rolled Stainless Steel were:
Germany $953M
China $901M
Italy $575M
In 2022, Russia's main importing competitors in Flat-Rolled Stainless Steel were:
Germany $909M
United States $376M
Italy $346M

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Trade Value of Flat-Rolled Stainless Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $362k
TOP IMPORT POTENTIALChina+ $9.58M

Flat-Rolled Stainless Steel’s highest export potential is China. With an export gap of $362k.   Flat-Rolled Stainless Steel’s highest import potential is China with an import gap of $9.58M.

See methodology.

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