2023
Exports
$82MWorld Rnk 78 / 226
Flag Rnk 43 / 96
2023
PRODUCT COMPLEXITY IN Iron or steel articles
1.67Rnk 25 / 1025
2023
Imports
$441MWorld Rnk 86 / 226
Flag Rnk 24 / 96
2023
ECONOMIC COMPLEXITY of Pakistan
-0.55Rnk 89 / 132

About

Exports In 2023, Pakistan exported $82M in Iron or steel articles, making it the 78th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 43rd most exported product in Pakistan. The main destination of Iron or steel articles exports from Pakistan are: Australia ($12.6M), Canada ($8.05M), Japan ($7.98M), United States ($6.6M), and Germany ($6.43M).

The fastest growing export markets for Iron or steel articles of Pakistan between 2022 and 2023 were Sri Lanka ($2.54M), Senegal ($2.15M), and Thailand ($1.93M).

Imports In 2023, Pakistan imported $441M in Iron or steel articles, becoming the 86th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 24th most imported product in Pakistan. Pakistan imports Iron or steel articles primarily from: China ($308M), Japan ($35.5M), United Arab Emirates ($10.9M), Thailand ($9.08M), and India ($7.88M).

The fastest growing import markets in Iron or steel articles for Pakistan between 2022 and 2023 were Singapore ($3.71M), Japan ($2.78M), and India ($2.7M).

COMPANIES In 2024, leading companies such as Sobel Westex (40), Guess Clothing (13), and Reebok (2) were at the forefront of shipping Iron or steel articles from Pakistan 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)$82M
IMPORTS (2023)$441M
NET TRADE (2023)-$359M

In 2023, Pakistan exported $82M in Iron or steel articles. The main destinations of Pakistan exports on Iron or steel articles were Australia ($12.6M), Canada ($8.05M), Japan ($7.98M), United States ($6.6M), and Germany ($6.43M).

In 2023, Pakistan imported $441M in Iron or steel articles, mainly from China ($308M), Japan ($35.5M), United Arab Emirates ($10.9M), Thailand ($9.08M), and India ($7.88M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Pakistan WERE (2022 - 2023):
Sri Lanka$2.54M (117%)
Senegal$2.15M (16.8k%)
Thailand$1.93M (168%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Pakistan WERE (2022 - 2023):
Canada-$20M (-71.3%)
Australia-$17.8M (-58.6%)
Germany-$4.47M (-41%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Pakistan's main exporting competitors in Iron or steel articles were:
In 2023, Pakistan'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+ $16.3M
TOP IMPORT POTENTIALChina+ $360M

Iron or steel articles’s highest export potential is United States. With an export gap of $16.3M.   Iron or steel articles’s highest import potential is China with an import gap of $360M.

See methodology.

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