2023
Exports
$910MWorld Rnk 1 / 99
Flag Rnk 34 / 1200
2023
PRODUCT COMPLEXITY IN Iron Reductions
-1.12Rnk 860 / 1025
2023
Imports
$60.3kWorld Rnk 80 / 142
Flag Rnk 1136 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $910M in Iron Reductions, making it the 1st largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 34th most exported product in Russia. The main destination of Iron Reductions exports from Russia are: Italy ($273M), India ($178M), Uzbekistan ($98.8M), Turkey ($88.9M), and Belgium ($79.6M).

The fastest growing export markets for Iron Reductions of Russia between 2022 and 2023 were India ($178M), Turkey ($22M), and Georgia ($3.99M).

Imports In 2023, Russia imported $60.3k in Iron Reductions, becoming the 80th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 1136th most imported product in Russia. Russia imports Iron Reductions primarily from: Kazakhstan ($45.1k), China ($15k), and Turkey ($262).

The fastest growing import markets in Iron Reductions for Russia between 2022 and 2023 were Turkey ($262).

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 Iron Reductions. 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)$910M
IMPORTS (2023)$60.3k
NET TRADE (2023)$910M

In 2023, Russia exported $910M in Iron Reductions. The main destinations of Russia exports on Iron Reductions were Italy ($273M), India ($178M), Uzbekistan ($98.8M), Turkey ($88.9M), and Belgium ($79.6M).

In 2023, Russia imported $60.3k in Iron Reductions, mainly from Kazakhstan ($45.1k), China ($15k), and Turkey ($262).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Russia WERE (2022 - 2023):
India$178M (1%)
Turkey$22M (33%)
Georgia$3.99M (86.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Russia WERE (2022 - 2023):
China-$234M (-81.6%)
Italy-$126M (-31.5%)
Indonesia-$87M (-82.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Iron Reductions were:
In 2023, Russia's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $44.8M
TOP IMPORT POTENTIALChina+ $111k

Iron Reductions’s highest export potential is China. With an export gap of $44.8M.   Iron Reductions’s highest import potential is China with an import gap of $111k.

See methodology.

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