2022
Exports
$147MWorld Rnk 17 / 156
Flag Rnk 157 / 1200
2022
PRODUCT COMPLEXITY IN Iron Wire
-0.35Rnk 661 / 1025
2022
Imports
$29.8MWorld Rnk 64 / 216
Flag Rnk 578 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $147M in Iron Wire, making it the 17th largest exporter of Iron Wire in the world. At the same year, Iron Wire was the 157th most exported product in Russia. The main destination of Iron Wire exports from Russia are: Kazakhstan ($75.1M), Lithuania ($15.7M), Estonia ($14.2M), Uzbekistan ($12M), and United Arab Emirates ($5.83M).

The fastest growing export markets for Iron Wire of Russia between 2021 and 2022 were Estonia ($9.42M), Uzbekistan ($2.67M), and Mongolia ($590k).

Imports In 2022, Russia imported $29.8M in Iron Wire, becoming the 64th largest importer of Iron Wire in the world. At the same year, Iron Wire was the 578th most imported product in Russia. Russia imports Iron Wire primarily from: China ($19.5M), Slovakia ($1.66M), Austria ($1.57M), Kazakhstan ($1.52M), and Czechia ($884k).

The fastest growing import markets in Iron Wire for Russia between 2021 and 2022 were Kazakhstan ($666k), Estonia ($290k), and Poland ($262k).

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 Iron Wire. 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)$147M
IMPORTS (2022)$29.8M
NET TRADE (2022)$117M

In 2022, Russia exported $147M in Iron Wire. The main destinations of Russia exports on Iron Wire were Kazakhstan ($75.1M), Lithuania ($15.7M), Estonia ($14.2M), Uzbekistan ($12M), and United Arab Emirates ($5.83M).

In 2022, Russia imported $29.8M in Iron Wire, mainly from China ($19.5M), Slovakia ($1.66M), Austria ($1.57M), Kazakhstan ($1.52M), and Czechia ($884k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Wire EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Estonia$9.42M (195%)
Uzbekistan$2.67M (28.6%)
Mongolia$590k (37.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Wire BY Russia WERE (2021 - 2022):
Belarus-$33.9M (-100%)
United Arab Emirates-$28.6M (-83.1%)
Lithuania-$16.1M (-50.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Iron Wire were:
In 2022, Russia's main importing competitors in Iron Wire were:

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Trade Value of Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $3.64M
TOP IMPORT POTENTIALChina+ $14.3M

Iron Wire’s highest export potential is Poland. With an export gap of $3.64M.   Iron Wire’s highest import potential is China with an import gap of $14.3M.

See methodology.

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