Iron Ore in Russia | The Observatory of Economic Complexity

About

Exports In 2018, Russia exported $1.22B in Iron Ore, making it the 15th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 28th most exported product in Russia. The main destination of Iron Ore exports from Russia are: China ($1.07B), Germany ($62.8M), Turkey ($40.7M), Slovakia ($34.2M), and United Arab Emirates ($7.05M).

The fastest growing export markets for Iron Ore of Russia between 2022 and 2023 were United Arab Emirates ($7.05M), China ($6.89M), and Kyrgyzstan ($113k).

Imports In 2023, Russia imported $376M in Iron Ore, becoming the 34th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 133rd most imported product in Russia. Russia imports Iron Ore primarily from: Kazakhstan ($375M), Netherlands ($245k), Turkey ($35.4k), Italy ($22k), and China ($19k).

The fastest growing import markets in Iron Ore for Russia between 2022 and 2023 were Kazakhstan ($119M), Netherlands ($245k), and Italy ($22k).

Dec 2024

View

LinePlot

StackedArea

Flow

Exports

Imports

Y-AXIS SCALE

Linear

Log

Value

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 Ore. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$1.22B

IMPORTS (2023)$376M

NET TRADE (2023)$847M

In 2023, Russia exported $1.22B in Iron Ore. The main destinations of Russia exports on Iron Ore were China ($1.07B), Germany ($62.8M), Turkey ($40.7M), Slovakia ($34.2M), and United Arab Emirates ($7.05M).

In 2023, Russia imported $376M in Iron Ore, mainly from Kazakhstan ($375M), Netherlands ($245k), Turkey ($35.4k), Italy ($22k), and China ($19k).