2023
Exports
$133MWorld Rnk 9 / 95
Flag Rnk 139 / 1200
2023
PRODUCT COMPLEXITY IN Steel Ingots
0.44Rnk 392 / 1025
2023
Imports
$55.7kWorld Rnk 99 / 166
Flag Rnk 1139 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $133M in Steel Ingots, making it the 9th largest exporter of Steel Ingots in the world. At the same year, Steel Ingots was the 139th most exported product in Russia. The main destination of Steel Ingots exports from Russia are: Belgium ($76.6M), Turkey ($25.6M), Chinese Taipei ($11.5M), China ($6.12M), and Denmark ($4.8M).

The fastest growing export markets for Steel Ingots of Russia between 2022 and 2023 were Belgium ($62.6M), Denmark ($4.8M), and Italy ($4.15M).

Imports In 2018, Russia imported $55.7k in Steel Ingots, becoming the 99th largest importer of Steel Ingots in the world. At the same year, Steel Ingots was the 1139th most imported product in Russia. Russia imports Steel Ingots primarily from: Turkey ($38.4k), Germany ($15.6k), Kazakhstan ($1.69k), and China ($39).

The fastest growing import markets in Steel Ingots for Russia between 2022 and 2023 were Kazakhstan ($1.69k) and China ($39).

Latest Trends

Jan 2025

Subnational Monthly Trade

View
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 Ingots. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$133M
IMPORTS (2023)$55.7k
NET TRADE (2023)$133M

In 2023, Russia exported $133M in Steel Ingots. The main destinations of Russia exports on Steel Ingots were Belgium ($76.6M), Turkey ($25.6M), Chinese Taipei ($11.5M), China ($6.12M), and Denmark ($4.8M).

In 2023, Russia imported $55.7k in Steel Ingots, mainly from Turkey ($38.4k), Germany ($15.6k), Kazakhstan ($1.69k), and China ($39).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Steel Ingots EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Belgium$62.6M (444%)
Denmark$4.8M (1%)
Italy$4.15M (6.64k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Ingots BY Russia WERE (2022 - 2023):
Chinese Taipei-$32.1M (-73.6%)
Thailand-$19.6M (-100%)
Turkey-$19.5M (-43.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Russia's main exporting competitors in Steel Ingots were:
In 2023, Russia's main importing competitors in Steel Ingots were:

Explore Visualizations

Trade Value of Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.82M
TOP IMPORT POTENTIALTurkey+ $102k

Steel Ingots’s highest export potential is United States. With an export gap of $8.82M.   Steel Ingots’s highest import potential is Turkey with an import gap of $102k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with