2023
Exports
$757MWorld Rnk 46 / 226
Flag Rnk 35 / 96
2023
PRODUCT COMPLEXITY IN Iron or steel articles
1.67Rnk 25 / 1025
2023
Imports
$6.05BWorld Rnk 15 / 226
Flag Rnk 9 / 96
2023
ECONOMIC COMPLEXITY of Australia
-0.28Rnk 75 / 132

About

Exports In 2023, Australia exported $757M in Iron or steel articles, making it the 46th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 35th most exported product in Australia. The main destination of Iron or steel articles exports from Australia are: New Zealand ($120M), Indonesia ($92.8M), United States ($91.2M), Papua New Guinea ($69.5M), and Malaysia ($50.7M).

The fastest growing export markets for Iron or steel articles of Australia between 2022 and 2023 were Malaysia ($39.2M), Papua New Guinea ($16.6M), and Indonesia ($13.9M).

Imports In 2023, Australia imported $6.05B in Iron or steel articles, becoming the 15th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 9th most imported product in Australia. Australia imports Iron or steel articles primarily from: China ($3.19B), United States ($340M), India ($291M), Germany ($214M), and Chinese Taipei ($184M).

The fastest growing import markets in Iron or steel articles for Australia between 2022 and 2023 were Vietnam ($55M), India ($37.7M), and Japan ($35.7M).

COMPANIES In 2023, leading companies such as Tesla (7), Electrolux (4), and Yokohama Industries (1) were at the forefront of shipping Iron or steel articles from Australia to the United States.

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 or steel articles. 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)$757M
IMPORTS (2023)$6.05B
NET TRADE (2023)-$5.3B

In 2023, Australia exported $757M in Iron or steel articles. The main destinations of Australia exports on Iron or steel articles were New Zealand ($120M), Indonesia ($92.8M), United States ($91.2M), Papua New Guinea ($69.5M), and Malaysia ($50.7M).

In 2023, Australia imported $6.05B in Iron or steel articles, mainly from China ($3.19B), United States ($340M), India ($291M), Germany ($214M), and Chinese Taipei ($184M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Australia WERE (2022 - 2023):
Malaysia$39.2M (340%)
Papua New Guinea$16.6M (31.3%)
Indonesia$13.9M (17.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Australia WERE (2022 - 2023):
Panama-$22.5M (-85.8%)
New Zealand-$20.6M (-14.7%)
United States-$16.8M (-15.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Australia's main exporting competitors in Iron or steel articles were:
In 2023, Australia's main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $52.3M
TOP IMPORT POTENTIALIndia+ $103M

Iron or steel articles’s highest export potential is United States. With an export gap of $52.3M.   Iron or steel articles’s highest import potential is India with an import gap of $103M.

See methodology.

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