2022
Exports
$2.51BWorld Rnk 10 / 151
Flag Rnk 19 / 1200
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron
0.41Rnk 402 / 1025
2022
Imports
$547MWorld Rnk 36 / 214
Flag Rnk 88 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $2.51B in Hot-Rolled Iron, making it the 10th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 19th most exported product in Russia. The main destination of Hot-Rolled Iron exports from Russia are: Turkey ($835M), Uzbekistan ($399M), Vietnam ($198M), Kazakhstan ($137M), and India ($123M).

The fastest growing export markets for Hot-Rolled Iron of Russia between 2021 and 2022 were India ($123M), Uzbekistan ($109M), and Azerbaijan ($67.4M).

Imports In 2022, Russia imported $547M in Hot-Rolled Iron, becoming the 36th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 88th most imported product in Russia. Russia imports Hot-Rolled Iron primarily from: Kazakhstan ($473M), Ukraine ($62.5M), China ($3.2M), Germany ($2.51M), and Poland ($1.57M).

The fastest growing import markets in Hot-Rolled Iron for Russia between 2021 and 2022 were China ($2.27M), Italy ($724k), and Netherlands ($323k).

Latest Trends

Oct 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 Hot-Rolled 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)$2.51B
IMPORTS (2022)$547M
NET TRADE (2022)$1.96B

In 2022, Russia exported $2.51B in Hot-Rolled Iron. The main destinations of Russia exports on Hot-Rolled Iron were Turkey ($835M), Uzbekistan ($399M), Vietnam ($198M), Kazakhstan ($137M), and India ($123M).

In 2022, Russia imported $547M in Hot-Rolled Iron, mainly from Kazakhstan ($473M), Ukraine ($62.5M), China ($3.2M), Germany ($2.51M), and Poland ($1.57M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Russia WERE (2021 - 2022):
India$123M (1%)
Uzbekistan$109M (37.7%)
Azerbaijan$67.4M (200%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Russia WERE (2021 - 2022):
Poland-$432M (-82.8%)
Turkey-$386M (-31.6%)
Belarus-$282M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Hot-Rolled Iron were:
Japan $11.2B
China $11.2B
In 2022, Russia's main importing competitors in Hot-Rolled Iron were:

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Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $75.2M
TOP IMPORT POTENTIALChina+ $13.8M

Hot-Rolled Iron’s highest export potential is Poland. With an export gap of $75.2M.   Hot-Rolled Iron’s highest import potential is China with an import gap of $13.8M.

See methodology.

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