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Russia | Imports and Exports | World | Iron and steel | Value (US$) and Value Growth, YoY (%) | 2010 - 2021

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Commodity	Reporter	Partner	Trade flow	Indicator	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
72. Iron and steel	Russia	World	Exports	Value (US$)	18,756,824,277.00	21,980,053,032.00	22,607,919,560.00	20,069,844,411.00	20,555,654,870.00	15,220,408,013.00	14,128,499,041.22	18,787,324,036.75	23,356,313,015.20	18,198,540,367.43	16,006,085,962.07	28,888,981,318.95
			Exports	Value Growth, YoY (%)	27.38	17.18	2.85	-11.22	2.42	-25.95	-7.17	32.97	24.31	-22.08	-12.04	80.48
			Imports	Value (US$)	4,410,036,569.00	6,303,274,970.00	6,402,579,549.00	5,891,704,718.00	5,701,947,479.00	3,301,201,847.00	3,048,289,397.04	4,862,862,269.22	5,287,052,840.01	5,050,884,282.02	3,726,934,324.04	5,925,008,075.89
			Imports	Value Growth, YoY (%)	32.64	42.93	1.57	-7.97	-3.22	-42.10	-7.66	59.52	8.72	-4.46	-26.21	58.97

The value of exports of commodity group 72 "Iron and steel" from Russia totalled $ 28 billion in 2021. Sales of commodity group 72 from Russia went up by 80% compared to 2020: exports of commodity group 72 "Iron and steel" went up by $ 12.8 billion (cumulative exports of commodity group 72 from Russia amounted $16 billion in 2020)

Exports of commodity group 72 "Iron and steel" amounted to 5.86% of total exports from Russia (cumulative merchandise exports from Russia totalled $ 492 billion in 2021). The share of commodity group 72 in total exports from Russia increased by 1.11 p.p. compared to 2020 (it was 4.74% in 2020 and cumulative exports from Russia were equal to $ 337 billion).

Exports | Russia | 72

Export destinations of 72 Iron and steel from Russia

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Where does Russia export Iron and steel?

Top export destinations of "Iron and steel" from Russia in 2021:

Turkey with a share of 14% (4.05 billion US$)
Mexico with a share of 8.46% (2.44 billion US$)
Belgium with a share of 8.03% (2.32 billion US$)
Belarus with a share of 6.7% (1.93 billion US$)
Other Asia, nes with a share of 5.77% (1.66 billion US$)
Kazakhstan with a share of 5.6% (1.61 billion US$)
USA with a share of 4.19% (1.21 billion US$)
Italy with a share of 4% (1.15 billion US$)
China with a share of 3.64% (1.05 billion US$)
Poland with a share of 3.23% (934 million US$)

Exports structure of 72 - Iron and steel - from Russia in 2021 represented by the following main commodity groups:

31% (9.17 billion US$): 7207 - Semi-finished products of iron or non-alloy steel
18.3% (5.3 billion US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
6.89% (1.99 billion US$): 7201 - Pig iron and spiegeleisen in pigs, blocks or other primary forms
6.19% (1.79 billion US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
5.5% (1.59 billion US$): 7203 - Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94 %, in lumps, pellets or similar forms
5.11% (1.47 billion US$): 7202 - Ferro-alloys.
4.1% (1.18 billion US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
3.87% (1.11 billion US$): 7213 - Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel
3.85% (1.11 billion US$): 7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
2.54% (734 million US$): 7225 - Flat-rolled products of other alloy steel, of a width of 600 mm or more

The value of imports of commodity group 72 "Iron and steel" to Russia totalled $ 5.92 billion in 2021. Sales of commodity group 72 to Russia went up by 58% compared to 2020: imports of commodity group 72 "Iron and steel" went up by $ 2.19 billion (the value of imports of commodity group 72 to Russia was equal to $3.72 billion in 2020)

Imports of commodity group 72 "Iron and steel" accounted for 2.01% of total import flow to Russia (in 2021, total imports to Russia amounted to $ 293 billion). The share of commodity group 72 in total imports to Russia increased by 0.409 p.p. compared to 2020 (it was 1.6% in 2020 and cumulative imports to Russia were equal to $ 231 billion).

Imports | Russia | 72

Sources of imports of 72 Iron and steel for Russia