2022
Exports
$10.6BWorld Rnk 9 / 226
Flag Rnk 11 / 96
2022
PRODUCT COMPLEXITY IN Iron or steel articles
1.68Rnk 27 / 1025
2022
Imports
$6.22BWorld Rnk 18 / 225
Flag Rnk 16 / 96
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $10.6B in Iron or steel articles, making it the 9th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 11th most exported product in India. The main destination of Iron or steel articles exports from India are: United States ($3.33B), Germany ($515M), United Arab Emirates ($443M), United Kingdom ($392M), and Canada ($366M).

The fastest growing export markets for Iron or steel articles of India between 2021 and 2022 were United States ($1.13B), Bangladesh ($132M), and Canada ($128M).

Imports In 2022, India imported $6.22B in Iron or steel articles, becoming the 18th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 16th most imported product in India. India imports Iron or steel articles primarily from: China ($2.98B), United Arab Emirates ($557M), South Korea ($291M), Germany ($289M), and United States ($238M).

The fastest growing import markets in Iron or steel articles for India between 2021 and 2022 were China ($971M), United Arab Emirates ($275M), and Kuwait ($58.2M).

COMPANIES In 2023, leading companies such as SIGMA Corp (548), ABB Motors and Mechanical (345), and Cummins Jaw Warehouse (321) were at the forefront of shipping Iron or steel articles from India to the United States.

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 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 (2022)$10.6B
IMPORTS (2022)$6.22B
NET TRADE (2022)$4.34B

In 2022, India exported $10.6B in Iron or steel articles. The main destinations of India exports on Iron or steel articles were United States ($3.33B), Germany ($515M), United Arab Emirates ($443M), United Kingdom ($392M), and Canada ($366M).

In 2022, India imported $6.22B in Iron or steel articles, mainly from China ($2.98B), United Arab Emirates ($557M), South Korea ($291M), Germany ($289M), and United States ($238M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$1.13B (51.6%)
Bangladesh$132M (122%)
Canada$128M (53.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY India WERE (2021 - 2022):
Oman-$97.4M (-55.8%)
United Kingdom-$75.4M (-16.1%)
Qatar-$34.5M (-23.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, India'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+ $903M
TOP IMPORT POTENTIALChina+ $1.57B

Iron or steel articles’s highest export potential is United States. With an export gap of $903M.   Iron or steel articles’s highest import potential is China with an import gap of $1.57B.

See methodology.

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