2023
Exports
$77MWorld Rnk 11 / 90
Flag Rnk 196 / 1200
2023
PRODUCT COMPLEXITY IN Steel Bars
0.38Rnk 420 / 1025
2023
Imports
$27.3kWorld Rnk 119 / 166
Flag Rnk 1150 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $77M in Steel Bars, making it the 11th largest exporter of Steel Bars in the world. At the same year, Steel Bars was the 196th most exported product in Russia. The main destination of Steel Bars exports from Russia are: Turkey ($32.6M), Thailand ($25.5M), Kazakhstan ($7.91M), Colombia ($6.4M), and Uzbekistan ($2.07M).

The fastest growing export markets for Steel Bars of Russia between 2022 and 2023 were Colombia ($3.31M), Burkina Faso ($1.5M), and Turkey ($1.42M).

Imports In 2023, Russia imported $27.3k in Steel Bars, becoming the 119th largest importer of Steel Bars in the world. At the same year, Steel Bars was the 1150th most imported product in Russia. Russia imports Steel Bars primarily from: India ($27.1k) and United Arab Emirates ($198).

The fastest growing import markets in Steel Bars for Russia between 2022 and 2023 were India ($27.1k) and United Arab Emirates ($198).

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 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 (2023)$77M
IMPORTS (2023)$27.3k
NET TRADE (2023)$77M

In 2023, Russia exported $77M in Steel Bars. The main destinations of Russia exports on Steel Bars were Turkey ($32.6M), Thailand ($25.5M), Kazakhstan ($7.91M), Colombia ($6.4M), and Uzbekistan ($2.07M).

In 2023, Russia imported $27.3k in Steel Bars, mainly from India ($27.1k) and United Arab Emirates ($198).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Steel Bars EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Colombia$3.31M (107%)
Burkina Faso$1.5M (1%)
Turkey$1.42M (4.56%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Bars BY Russia WERE (2022 - 2023):
Thailand-$23.2M (-47.6%)
Ghana-$13.9M (-100%)
Nicaragua-$4.45M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Steel Bars were:
In 2023, 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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