2023
Exports
$235MWorld Rnk 37 / 207
Flag Rnk 92 / 1200
2023
PRODUCT COMPLEXITY IN Scrap Iron
-0.57Rnk 726 / 1025
2023
Imports
$160MWorld Rnk 35 / 177
Flag Rnk 262 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $235M in Scrap Iron, making it the 37th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 92nd most exported product in Russia. The main destination of Scrap Iron exports from Russia are: Turkey ($200M), Chinese Taipei ($10.5M), Lithuania ($10M), Kazakhstan ($5.83M), and Estonia ($4.21M).

The fastest growing export markets for Scrap Iron of Russia between 2022 and 2023 were Chinese Taipei ($10.4M), Kazakhstan ($744k), and China ($584k).

Imports In 2023, Russia imported $160M in Scrap Iron, becoming the 35th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 262nd most imported product in Russia. Russia imports Scrap Iron primarily from: Kazakhstan ($160M), Kyrgyzstan ($69.7k), and Turkey ($38.2k).

The fastest growing import markets in Scrap Iron for Russia between 2022 and 2023 were Turkey ($38k).

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 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 (2023)$235M
IMPORTS (2023)$160M
NET TRADE (2023)$75.1M

In 2023, Russia exported $235M in Scrap Iron. The main destinations of Russia exports on Scrap Iron were Turkey ($200M), Chinese Taipei ($10.5M), Lithuania ($10M), Kazakhstan ($5.83M), and Estonia ($4.21M).

In 2023, Russia imported $160M in Scrap Iron, mainly from Kazakhstan ($160M), Kyrgyzstan ($69.7k), and Turkey ($38.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Chinese Taipei$10.4M (14.8k%)
Kazakhstan$744k (14.6%)
China$584k (194%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Russia WERE (2022 - 2023):
South Korea-$173M (-100%)
Turkey-$23.1M (-10.3%)
Germany-$20.8M (-97%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Scrap Iron were:
In 2023, Russia's main importing competitors in Scrap Iron were:
Turkey $7.59B
India $6.63B
Italy $2.59B

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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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