2023
Exports
$120kWorld Rnk 67 / 107
Flag Rnk 755 / 1129
2023
PRODUCT COMPLEXITY IN Iron Ingots
-1.38Rnk 922 / 1025
2023
Imports
$260kWorld Rnk 71 / 175
Flag Rnk 982 / 1174
2023
ECONOMIC COMPLEXITY of Pakistan
-0.55Rnk 89 / 132

About

Exports In 2023, Pakistan exported $120k in Iron Ingots, making it the 67th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 755th most exported product in Pakistan. The main destination of Iron Ingots exports from Pakistan are: Turkey ($115k), Saudi Arabia ($3.02k), United Arab Emirates ($1.04k), France ($734), and Ecuador ($197).

The fastest growing export markets for Iron Ingots of Pakistan between 2022 and 2023 were Turkey ($115k), Saudi Arabia ($3.02k), and Ecuador ($197).

Imports In 2023, Pakistan imported $260k in Iron Ingots, becoming the 71st largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 982nd most imported product in Pakistan. Pakistan imports Iron Ingots primarily from: Oman ($239k), United Arab Emirates ($14k), United States ($4.5k), China ($2.33k), and United Kingdom ($38).

The fastest growing import markets in Iron Ingots for Pakistan between 2022 and 2023 were Oman ($195k) and United Kingdom ($38).

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)$120k
IMPORTS (2023)$260k
NET TRADE (2023)-$140k

In 2023, Pakistan exported $120k in Iron Ingots. The main destinations of Pakistan exports on Iron Ingots were Turkey ($115k), Saudi Arabia ($3.02k), United Arab Emirates ($1.04k), France ($734), and Ecuador ($197).

In 2023, Pakistan imported $260k in Iron Ingots, mainly from Oman ($239k), United Arab Emirates ($14k), United States ($4.5k), China ($2.33k), and United Kingdom ($38).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Pakistan WERE (2022 - 2023):
Turkey$115k (1%)
Saudi Arabia$3.02k (1%)
Ecuador$197 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Pakistan WERE (2022 - 2023):
Italy-$4.78k (-100%)
United Arab Emirates-$376 (-26.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Pakistan's main exporting competitors in Iron Ingots were:
India $254M
China $65.3M
Italy $48.7M
In 2023, Pakistan'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 POTENTIALItaly+ $7.09k
TOP IMPORT POTENTIALChina+ $42.8k

Iron Ingots’s highest export potential is Italy. With an export gap of $7.09k.   Iron Ingots’s highest import potential is China with an import gap of $42.8k.

See methodology.

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