2022
Exports
$163MWorld Rnk 10 / 91
Flag Rnk 142 / 1200
2022
PRODUCT COMPLEXITY IN Steel Ingots
0.23Rnk 480 / 1025
2022
Imports
$324kWorld Rnk 63 / 163
Flag Rnk 1110 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $163M in Steel Ingots, making it the 10th largest exporter of Steel Ingots in the world. At the same year, Steel Ingots was the 142nd most exported product in Russia. The main destination of Steel Ingots exports from Russia are: Chinese Taipei ($43.6M), Turkey ($41.9M), United States ($18.3M), Thailand ($18.2M), and Belgium ($13M).

The fastest growing export markets for Steel Ingots of Russia between 2021 and 2022 were United States ($14.1M), Thailand ($6.49M), and China ($5.65M).

Imports In 2022, Russia imported $324k in Steel Ingots, becoming the 63rd largest importer of Steel Ingots in the world. At the same year, Steel Ingots was the 1110th most imported product in Russia. Russia imports Steel Ingots primarily from: Turkey ($147k), Netherlands ($57.2k), Germany ($54k), Ukraine ($34.4k), and Lithuania ($17k).

The fastest growing import markets in Steel Ingots for Russia between 2021 and 2022 were Turkey ($147k).

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 Ingots. 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)$163M
IMPORTS (2022)$324k
NET TRADE (2022)$163M

In 2022, Russia exported $163M in Steel Ingots. The main destinations of Russia exports on Steel Ingots were Chinese Taipei ($43.6M), Turkey ($41.9M), United States ($18.3M), Thailand ($18.2M), and Belgium ($13M).

In 2022, Russia imported $324k in Steel Ingots, mainly from Turkey ($147k), Netherlands ($57.2k), Germany ($54k), Ukraine ($34.4k), and Lithuania ($17k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Ingots EXPORT MARKETS FOR Russia WERE (2021 - 2022):
United States$14.1M (330%)
Thailand$6.49M (55.5%)
China$5.65M (2.47k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Ingots BY Russia WERE (2021 - 2022):
Belgium-$257M (-95.2%)
Mexico-$78M (-100%)
Romania-$46.1M (-80.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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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.

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