2023
Exports
$6.75BWorld Rnk 1 / 125
Flag Rnk 9 / 1200
2023
PRODUCT COMPLEXITY IN Semi-Finished Iron
-0.94Rnk 812 / 1025
2023
Imports
$576kWorld Rnk 109 / 189
Flag Rnk 1048 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $6.75B in Semi-Finished Iron, making it the 1st largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 9th most exported product in Russia. The main destination of Semi-Finished Iron exports from Russia are: Turkey ($1.66B), Chinese Taipei ($951M), Belgium ($657M), Italy ($469M), and China ($431M).

The fastest growing export markets for Semi-Finished Iron of Russia between 2022 and 2023 were Brazil ($97.8M), Egypt ($81.9M), and Thailand ($63.8M).

Imports In 2023, Russia imported $576k in Semi-Finished Iron, becoming the 109th largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 1048th most imported product in Russia. Russia imports Semi-Finished Iron primarily from: Germany ($209k), Austria ($179k), Azerbaijan ($76.7k), Kazakhstan ($36.1k), and Malaysia ($30.7k).

The fastest growing import markets in Semi-Finished Iron for Russia between 2022 and 2023 were Azerbaijan ($76.7k), Malaysia ($30.7k), and Turkey ($10.1k).

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 Semi-Finished 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)$6.75B
IMPORTS (2023)$576k
NET TRADE (2023)$6.75B

In 2023, Russia exported $6.75B in Semi-Finished Iron. The main destinations of Russia exports on Semi-Finished Iron were Turkey ($1.66B), Chinese Taipei ($951M), Belgium ($657M), Italy ($469M), and China ($431M).

In 2023, Russia imported $576k in Semi-Finished Iron, mainly from Germany ($209k), Austria ($179k), Azerbaijan ($76.7k), Kazakhstan ($36.1k), and Malaysia ($30.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Semi-Finished Iron EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Brazil$97.8M (417%)
Egypt$81.9M (34.2%)
Thailand$63.8M (172%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semi-Finished Iron BY Russia WERE (2022 - 2023):
China-$911M (-67.9%)
Turkey-$505M (-23.3%)
Belgium-$340M (-34.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Semi-Finished Iron were:
Oman $3.27B
Brazil $3.13B
In 2023, Russia's main importing competitors in Semi-Finished Iron were:

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Trade Value of Semi-Finished Iron by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $459M
TOP IMPORT POTENTIALGermany+ $542k

Semi-Finished Iron’s highest export potential is China. With an export gap of $459M.   Semi-Finished Iron’s highest import potential is Germany with an import gap of $542k.

See methodology.

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