2022
Exports
$431MWorld Rnk 25 / 212
Flag Rnk 72 / 1200
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$257MWorld Rnk 32 / 187
Flag Rnk 187 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $431M in Scrap Iron, making it the 25th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 72nd most exported product in Russia. The main destination of Scrap Iron exports from Russia are: Turkey ($195M), South Korea ($148M), Germany ($19.3M), Netherlands ($12.3M), and Lithuania ($11.5M).

The fastest growing export markets for Scrap Iron of Russia between 2021 and 2022 were Pakistan ($716k), Uzbekistan ($534k), and Czechia ($472k).

Imports In 2022, Russia imported $257M in Scrap Iron, becoming the 32nd largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 187th most imported product in Russia. Russia imports Scrap Iron primarily from: Kazakhstan ($247M), Kyrgyzstan ($9.99M), United States ($180k), Turkey ($202), and Uzbekistan ($40).

The fastest growing import markets in Scrap Iron for Russia between 2021 and 2022 were Turkey ($202), Uzbekistan ($40), and Poland ($40).

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 Scrap 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)$431M
IMPORTS (2022)$257M
NET TRADE (2022)$173M

In 2022, Russia exported $431M in Scrap Iron. The main destinations of Russia exports on Scrap Iron were Turkey ($195M), South Korea ($148M), Germany ($19.3M), Netherlands ($12.3M), and Lithuania ($11.5M).

In 2022, Russia imported $257M in Scrap Iron, mainly from Kazakhstan ($247M), Kyrgyzstan ($9.99M), United States ($180k), Turkey ($202), and Uzbekistan ($40).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Pakistan$716k (19.7%)
Uzbekistan$534k (859%)
Czechia$472k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Russia WERE (2021 - 2022):
Turkey-$533M (-73.3%)
Belarus-$399M (-100%)
South Korea-$134M (-47.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Scrap Iron were:
In 2022, Russia's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $24M
TOP IMPORT POTENTIALUnited States+ $1.16M

Scrap Iron’s highest export potential is Turkey. With an export gap of $24M.   Scrap Iron’s highest import potential is United States with an import gap of $1.16M.

See methodology.

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