2022
Exports
$25.3MWorld Rnk 7 / 114
Flag Rnk 404 / 1200
2022
PRODUCT COMPLEXITY IN Iron Ingots
-1.39Rnk 930 / 1025
2022
Imports
$10.4kWorld Rnk 130 / 172
Flag Rnk 1181 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $25.3M in Iron Ingots, making it the 7th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 404th most exported product in Russia. The main destination of Iron Ingots exports from Russia are: El Salvador ($21M), Denmark ($3.93M), Kazakhstan ($213k), Czechia ($102k), and France ($8).

The fastest growing export markets for Iron Ingots of Russia between 2021 and 2022 were Kazakhstan ($92.7k), Czechia ($75.9k), and France ($8).

Imports In 2022, Russia imported $10.4k in Iron Ingots, becoming the 130th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 1181st most imported product in Russia. Russia imports Iron Ingots primarily from: Lithuania ($7.6k), Kazakhstan ($1.88k), Turkey ($711), Czechia ($227), and Latvia ($8).

The fastest growing import markets in Iron Ingots for Russia between 2021 and 2022 were Lithuania ($5.39k), Czechia ($227), and Latvia ($8).

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 Iron Ingots. 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)$25.3M
IMPORTS (2022)$10.4k
NET TRADE (2022)$25.2M

In 2022, Russia exported $25.3M in Iron Ingots. The main destinations of Russia exports on Iron Ingots were El Salvador ($21M), Denmark ($3.93M), Kazakhstan ($213k), Czechia ($102k), and France ($8).

In 2022, Russia imported $10.4k in Iron Ingots, mainly from Lithuania ($7.6k), Kazakhstan ($1.88k), Turkey ($711), Czechia ($227), and Latvia ($8).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Kazakhstan$92.7k (76.8%)
Czechia$75.9k (286%)
France$8 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Russia WERE (2021 - 2022):
Denmark-$39.7M (-91%)
Guatemala-$29.6M (-100%)
El Salvador-$15.7M (-42.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Iron Ingots were:
India $189M
China $107M
Iran $76.9M
In 2022, Russia's main importing competitors in Iron Ingots were:

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCzechia+ $111k
TOP IMPORT POTENTIALChina+ $1.07k

Iron Ingots’s highest export potential is Czechia. With an export gap of $111k.   Iron Ingots’s highest import potential is China with an import gap of $1.07k.

See methodology.

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