2022
Exports
$189MWorld Rnk 1 / 114
Flag Rnk 319 / 1212
2022
PRODUCT COMPLEXITY IN Iron Ingots
-1.39Rnk 930 / 1025
2022
Imports
$14.6MWorld Rnk 8 / 172
Flag Rnk 813 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $189M in Iron Ingots, making it the 1st largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 319th most exported product in India. The main destination of Iron Ingots exports from India are: Italy ($177M), Romania ($7M), Nepal ($3.01M), Egypt ($691k), and United States ($473k).

The fastest growing export markets for Iron Ingots of India between 2021 and 2022 were Italy ($130M), Romania ($7M), and Nepal ($2.41M).

Imports In 2022, India imported $14.6M in Iron Ingots, becoming the 8th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 813th most imported product in India. India imports Iron Ingots primarily from: China ($6.51M), Oman ($4.69M), United States ($1.1M), Nigeria ($768k), and Turkey ($654k).

The fastest growing import markets in Iron Ingots for India between 2021 and 2022 were China ($6.05M), Oman ($1.76M), and Nigeria ($768k).

Latest Trends

Oct 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 (2022)$189M
IMPORTS (2022)$14.6M
NET TRADE (2022)$175M

In 2022, India exported $189M in Iron Ingots. The main destinations of India exports on Iron Ingots were Italy ($177M), Romania ($7M), Nepal ($3.01M), Egypt ($691k), and United States ($473k).

In 2022, India imported $14.6M in Iron Ingots, mainly from China ($6.51M), Oman ($4.69M), United States ($1.1M), Nigeria ($768k), and Turkey ($654k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR India WERE (2021 - 2022):
Italy$130M (277%)
Romania$7M (1%)
Nepal$2.41M (404%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY India WERE (2021 - 2022):
Nigeria-$90.8k (-97.1%)
Tunisia-$37.3k (-100%)
Thailand-$17k (-85.9%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Iron Ingots were:
China $107M
Iran $76.9M
In 2022, India's main importing competitors in Iron Ingots were:

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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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