2022
Exports
$90.2MWorld Rnk 12 / 91
Flag Rnk 212 / 1200
2022
PRODUCT COMPLEXITY IN Steel Bars
0.58Rnk 331 / 1025
2022
Imports
$885kWorld Rnk 90 / 169
Flag Rnk 1051 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $90.2M in Steel Bars, making it the 12th largest exporter of Steel Bars in the world. At the same year, Steel Bars was the 212th most exported product in Russia. The main destination of Steel Bars exports from Russia are: Thailand ($29M), Turkey ($28.1M), Kazakhstan ($10.3M), Nicaragua ($3.94M), and Kyrgyzstan ($3.86M).

The fastest growing export markets for Steel Bars of Russia between 2021 and 2022 were Thailand ($29M), Turkey ($25.9M), and Palestine ($3.01M).

Imports In 2022, Russia imported $885k in Steel Bars, becoming the 90th largest importer of Steel Bars in the world. At the same year, Steel Bars was the 1051st most imported product in Russia. Russia imports Steel Bars primarily from: Italy ($246k), Germany ($209k), Turkey ($198k), Netherlands ($139k), and South Korea ($92.3k).

The fastest growing import markets in Steel Bars for Russia between 2021 and 2022 were Germany ($188k).

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 Steel Bars. 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)$90.2M
IMPORTS (2022)$885k
NET TRADE (2022)$89.3M

In 2022, Russia exported $90.2M in Steel Bars. The main destinations of Russia exports on Steel Bars were Thailand ($29M), Turkey ($28.1M), Kazakhstan ($10.3M), Nicaragua ($3.94M), and Kyrgyzstan ($3.86M).

In 2022, Russia imported $885k in Steel Bars, mainly from Italy ($246k), Germany ($209k), Turkey ($198k), Netherlands ($139k), and South Korea ($92.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Bars EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Thailand$29M (1%)
Turkey$25.9M (1.12k%)
Palestine$3.01M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Bars BY Russia WERE (2021 - 2022):
United Arab Emirates-$14.9M (-100%)
Belarus-$13.6M (-100%)
Guatemala-$12.4M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Steel Bars were:
In 2022, Russia's main importing competitors in Steel Bars were:

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Trade Value of Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $914k
TOP IMPORT POTENTIALGermany+ $239k

Steel Bars’s highest export potential is Poland. With an export gap of $914k.   Steel Bars’s highest import potential is Germany with an import gap of $239k.

See methodology.

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