2023
Exports
$1.45BWorld Rnk 13 / 153
Flag Rnk 22 / 1200
2023
PRODUCT COMPLEXITY IN Hot-Rolled Iron
0.54Rnk 355 / 1025
2023
Imports
$458MWorld Rnk 34 / 211
Flag Rnk 112 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $1.45B in Hot-Rolled Iron, making it the 13th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 22nd most exported product in Russia. The main destination of Hot-Rolled Iron exports from Russia are: Uzbekistan ($477M), Turkey ($391M), Kazakhstan ($181M), Egypt ($134M), and Azerbaijan ($118M).

The fastest growing export markets for Hot-Rolled Iron of Russia between 2022 and 2023 were Egypt ($54.7M), Kazakhstan ($30.4M), and Uzbekistan ($29.2M).

Imports In 2023, Russia imported $458M in Hot-Rolled Iron, becoming the 34th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 112th most imported product in Russia. Russia imports Hot-Rolled Iron primarily from: Kazakhstan ($442M), China ($14.2M), Turkey ($824k), Switzerland ($129k), and Latvia ($118k).

The fastest growing import markets in Hot-Rolled Iron for Russia between 2022 and 2023 were China ($11M), Switzerland ($93.5k), and Norway ($8.93k).

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 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 (2023)$1.45B
IMPORTS (2023)$458M
NET TRADE (2023)$992M

In 2023, Russia exported $1.45B in Hot-Rolled Iron. The main destinations of Russia exports on Hot-Rolled Iron were Uzbekistan ($477M), Turkey ($391M), Kazakhstan ($181M), Egypt ($134M), and Azerbaijan ($118M).

In 2023, Russia imported $458M in Hot-Rolled Iron, mainly from Kazakhstan ($442M), China ($14.2M), Turkey ($824k), Switzerland ($129k), and Latvia ($118k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Egypt$54.7M (68.8%)
Kazakhstan$30.4M (20.2%)
Uzbekistan$29.2M (6.52%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Russia WERE (2022 - 2023):
Turkey-$547M (-58.3%)
Vietnam-$226M (-100%)
Poland-$99.5M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Hot-Rolled Iron were:
China $16.4B
Japan $10.4B
In 2023, 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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