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Enhanced global steel trade monitoring
Steel Exports Report: Russia
Background
Russia was the world’s third-largest steel exporter in 2017. During 2018, Russia exported 33.3 million metric tons of steel, a 7 percent increase from 31.1 million metric tons in 2017. Russia’s exports represented about 7 percent of all steel exported globally in 2017. The volume of Russia’s 2018 steel exports was less than half of the volume shipped by the world’s largest exporter, China. In value terms, steel represented 4.4 percent of the total amount of goods Russia exported in 2018.
Russia exports steel to more than 130 countries and territories. The ten countries labeled in the map below represent the top markets for Russia’s exports of steel, receiving more than 800 thousand metric tons each and together accounting for 65 percent of Russia’s steel exports in 2018.
Over the past 11 years, Russia has annually exported between three and seven times as much steel as it has imported. Russia’s exports increased 14 percent from 2009 to 2018, while imports have increased 69 percent over the same period. Russia’s steel trade surplus amounted to 27.0 million metric tons in 2018, a ten percent increase from 24.7 million metric tons in 2017.
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