Russia | Imports and Exports | World | Iron and steel | Value (US$) and Value Growth, YoY (%) | 2010 - 2021
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).
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).
Where does Russia import Iron and steel from?
Top trading partners (import of "Iron and steel") of Russia in 2021:
- Kazakhstan with a share of 31% (1.84 billion US$)
- Ukraine with a share of 17.3% (1.03 billion US$)
- China with a share of 17.3% (1.03 billion US$)
- Korea with a share of 5.05% (299 million US$)
- Belarus with a share of 4.85% (287 million US$)
- India with a share of 3.25% (192 million US$)
- Germany with a share of 2.97% (176 million US$)
- Georgia with a share of 2.67% (158 million US$)
- Brazil with a share of 1.33% (79 million US$)
- Belgium with a share of 1.26% (75 million US$)
Imports structure of 72 - Iron and steel - to Russia in 2021 represented by the following main commodity groups:
- 20% (1.21 billion US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 18% (1.07 billion US$): 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
- 14.4% (853 million US$): 7219 - Flat-rolled products of stainless steel, of a width of 600 mm or more
- 8.34% (494 million US$): 7202 - Ferro-alloys.
- 7.65% (453 million US$): 7209 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, cold-rolled (cold-reduced), not clad, plated or coated
- 5.4% (320 million US$): 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
- 5.35% (317 million US$): 7225 - Flat-rolled products of other alloy steel, of a width of 600 mm or more
- 5.21% (309 million US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
- 3.78% (224 million US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
- 1.98% (117 million US$): 7222 - Other bars and rods of stainless steel; angles, shapes and sections of stainless steel
