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Russia Iron Ore Industry Outlook 2022 - 2026

See how Russia Iron Ore performed compared to key markets such as Australia, Brazil and Canada.

Key Market Indicators

Russia's export of iron ore is projected to reach $1.6 billion by 2026, up 0.5% annually. Since 2001, exports have increased by 14.3%. In 2021, the country ranked number 7, just behind Sweden at $1.6 billion. Brazil, Canada and South Africa followed in second, third and fourth place respectively. Meanwhile, Russia's import of iron ore is estimated to drop to $457 million by 2026, at a rate of 0.4% annually. Since 2001, imports have grown 4.2% year on year. In 2021, Russia placed 25th, with the Czech Republic ahead with $469 million. Japan, South Korea and Germany came in second, third and fourth place respectively.

Russia Iron Ore Market Data and Forecasts

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