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2022
Exports $698MWorld Rnk 16 / 120
Flag Rnk 47 / 1200
2022
Destination $83.8M Turkey
2021 - 2022
FASTEST GROWING MARKET $83.8MItaly
2022
PRODUCT COMPLEXITY IN Flat Flat-Rolled Steel1.38Rnk 72 / 1025
2022
Imports $106MWorld Rnk 45 / 201
Flag Rnk 352 / 1201
2022
Origin $25.7M Ukraine
2021 - 2022
FASTEST GROWING ORIGIN $25.7MChina
2022
ECONOMIC COMPLEXITY of Russia0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $698M in Flat Flat-Rolled Steel, making it the 16th largest exporter of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 47th most exported product in Russia. The main destination of Flat Flat-Rolled Steel exports from Russia are: Turkey ($174M), India ($124M), Italy ($110M), Uzbekistan ($52.6M), and United Arab Emirates ($45.9M).

The fastest growing export markets for Flat Flat-Rolled Steel of Russia between 2021 and 2022 were Italy ($83.8M), India ($54.9M), and United Arab Emirates ($33.2M).

Imports In 2022, Russia imported $106M in Flat Flat-Rolled Steel, becoming the 45th largest importer of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 352nd most imported product in Russia. Russia imports Flat Flat-Rolled Steel primarily from: Ukraine ($33.6M), China ($28.6M), Sweden ($7.76M), South Korea ($7.25M), and Germany ($5.14M).

The fastest growing import markets in Flat Flat-Rolled Steel for Russia between 2021 and 2022 were China ($25.7M), Japan ($2.83M), and Slovenia ($1.94M).

Latest Trends

Jul 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 Flat Flat-Rolled Steel. 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)$698M
IMPORTS (2022)$106M
NET TRADE (2022)$592M

In 2022, Russia exported $698M in Flat Flat-Rolled Steel. The main destinations of Russia exports on Flat Flat-Rolled Steel were Turkey ($174M), India ($124M), Italy ($110M), Uzbekistan ($52.6M), and United Arab Emirates ($45.9M).

In 2022, Russia imported $106M in Flat Flat-Rolled Steel, mainly from Ukraine ($33.6M), China ($28.6M), Sweden ($7.76M), South Korea ($7.25M), and Germany ($5.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flat Flat-Rolled Steel EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Italy$83.8M (319%)
India$54.9M (78.9%)
United Arab Emirates$33.2M (261%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat Flat-Rolled Steel BY Russia WERE (2021 - 2022):
Belarus-$123M (-100%)
Belgium-$49.9M (-99.6%)
Mexico-$23.3M (-56.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Flat Flat-Rolled Steel were:
Japan $6.3B
China $5.89B
Germany $3.91B
In 2022, Russia's main importing competitors in Flat Flat-Rolled Steel were:
Mexico $2.75B
Germany $2.58B
Italy $2.38B

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Trade Value of Flat Flat-Rolled Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $27.9M
TOP IMPORT POTENTIALChina+ $26.3M

Flat Flat-Rolled Steel’s highest export potential is China. With an export gap of $27.9M.   Flat Flat-Rolled Steel’s highest import potential is China with an import gap of $26.3M.

See methodology.

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