2023
Exports
$254MWorld Rnk 1 / 107
Flag Rnk 259 / 1212
2023
PRODUCT COMPLEXITY IN Iron Ingots
-1.38Rnk 922 / 1025
2023
Imports
$13.7MWorld Rnk 10 / 175
Flag Rnk 815 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $254M in Iron Ingots, making it the 1st largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 259th most exported product in India. The main destination of Iron Ingots exports from India are: Italy ($229M), Jordan ($24.1M), United States ($262k), Indonesia ($136k), and United Arab Emirates ($118k).

The fastest growing export markets for Iron Ingots of India between 2022 and 2023 were Italy ($48.3M), Jordan ($24.1M), and Indonesia ($136k).

Imports In 2023, India imported $13.7M in Iron Ingots, becoming the 10th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 815th most imported product in India. India imports Iron Ingots primarily from: China ($6.49M), Oman ($3.29M), Tanzania ($1.12M), Turkey ($761k), and Italy ($575k).

The fastest growing import markets in Iron Ingots for India between 2022 and 2023 were Tanzania ($1.12M), Brazil ($496k), and United States ($143k).

Latest Trends

Dec 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 Ingots. 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 (2023)$254M
IMPORTS (2023)$13.7M
NET TRADE (2023)$240M

In 2023, India exported $254M in Iron Ingots. The main destinations of India exports on Iron Ingots were Italy ($229M), Jordan ($24.1M), United States ($262k), Indonesia ($136k), and United Arab Emirates ($118k).

In 2023, India imported $13.7M in Iron Ingots, mainly from China ($6.49M), Oman ($3.29M), Tanzania ($1.12M), Turkey ($761k), and Italy ($575k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR India WERE (2022 - 2023):
Italy$48.3M (26.7%)
Jordan$24.1M (1%)
Indonesia$136k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY India WERE (2022 - 2023):
Romania-$7M (-100%)
Nepal-$2.96M (-98.8%)
Egypt-$722k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Iron Ingots were:
China $65.3M
Italy $48.7M
In 2023, India's main importing competitors in Iron Ingots were:
Italy $238M
Jordan $67.8M
Spain $41.3M

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $736k
TOP IMPORT POTENTIALChina+ $2.44M

Iron Ingots’s highest export potential is United States. With an export gap of $736k.   Iron Ingots’s highest import potential is China with an import gap of $2.44M.

See methodology.

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