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2022
Exports $160MWorld Rnk 71 / 226
Flag Rnk 18 / 96
2022
Destination $9.41M Italy
2021 - 2022
FASTEST GROWING MARKET $9.41MGeorgia
2022
PRODUCT COMPLEXITY IN Iron or steel articles1.68Rnk 27 / 1025
2022
Imports $531MWorld Rnk 83 / 225
Flag Rnk 14 / 96
2022
Origin $73.4M China
2021 - 2022
FASTEST GROWING ORIGIN $73.4MChina
2022
ECONOMIC COMPLEXITY of Iran0.072Rnk 60 / 133

About

Exports In 2022, Iran exported $160M in Iron or steel articles, making it the 71st largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 18th most exported product in Iran. The main destination of Iron or steel articles exports from Iran are: Italy ($28.5M), Azerbaijan ($27M), Turkey ($23.1M), Armenia ($21.5M), and Georgia ($19.5M).

The fastest growing export markets for Iron or steel articles of Iran between 2021 and 2022 were Georgia ($9.41M), Azerbaijan ($4.9M), and Spain ($4.49M).

Imports In 2022, Iran imported $531M in Iron or steel articles, becoming the 83rd largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 14th most imported product in Iran. Iran imports Iron or steel articles primarily from: China ($402M), Turkey ($45.1M), Italy ($21.3M), Chinese Taipei ($12.1M), and Germany ($11.5M).

The fastest growing import markets in Iron or steel articles for Iran between 2021 and 2022 were China ($73.4M), Turkey ($6.85M), and Italy ($6.65M).

Latest Trends

Jul 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)$160M
IMPORTS (2022)$531M
NET TRADE (2022)-$370M

In 2022, Iran exported $160M in Iron or steel articles. The main destinations of Iran exports on Iron or steel articles were Italy ($28.5M), Azerbaijan ($27M), Turkey ($23.1M), Armenia ($21.5M), and Georgia ($19.5M).

In 2022, Iran imported $531M in Iron or steel articles, mainly from China ($402M), Turkey ($45.1M), Italy ($21.3M), Chinese Taipei ($12.1M), and Germany ($11.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Iran WERE (2021 - 2022):
Georgia$9.41M (93.4%)
Azerbaijan$4.9M (22.1%)
Spain$4.49M (94.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Iran WERE (2021 - 2022):
Iraq-$282M (-100%)
Turkmenistan-$36.8M (-100%)
Afghanistan-$16.3M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iran's main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, Iran's main importing competitors in Iron or steel articles were:
United States $59.3B
Germany $32.6B
France $16.2B

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $6.7M
TOP IMPORT POTENTIALChina+ $110M

Iron or steel articles’s highest export potential is Turkey. With an export gap of $6.7M.   Iron or steel articles’s highest import potential is China with an import gap of $110M.

See methodology.

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