2022
Exports
$1.12BWorld Rnk 50 / 223
Flag Rnk 5 / 96
2022
PRODUCT COMPLEXITY IN Iron & steel
1.68Rnk 28 / 1025
2022
Imports
$334MWorld Rnk 103 / 225
Flag Rnk 20 / 96
2022
ECONOMIC COMPLEXITY of Iran
0.072Rnk 60 / 133

About

Exports In 2022, Iran exported $1.12B in Iron & steel, making it the 50th largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 5th most exported product in Iran. The main destination of Iron & steel exports from Iran are: China ($250M), Turkey ($199M), Armenia ($105M), Jordan ($76.9M), and Georgia ($59.3M).

The fastest growing export markets for Iron & steel of Iran between 2021 and 2022 were Jordan ($50.7M), Lebanon ($46.3M), and Armenia ($42.6M).

Imports In 2022, Iran imported $334M in Iron & steel, becoming the 103rd largest importer of Iron & steel in the world. At the same year, Iron & steel was the 20th most imported product in Iran. Iran imports Iron & steel primarily from: China ($243M), Turkey ($59.1M), South Korea ($9.06M), Italy ($4.57M), and Germany ($4.11M).

The fastest growing import markets in Iron & steel for Iran between 2021 and 2022 were Italy ($307k), Thailand ($203k), and Malaysia ($131k).

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 & steel. 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)$1.12B
IMPORTS (2022)$334M
NET TRADE (2022)$788M

In 2022, Iran exported $1.12B in Iron & steel. The main destinations of Iran exports on Iron & steel were China ($250M), Turkey ($199M), Armenia ($105M), Jordan ($76.9M), and Georgia ($59.3M).

In 2022, Iran imported $334M in Iron & steel, mainly from China ($243M), Turkey ($59.1M), South Korea ($9.06M), Italy ($4.57M), and Germany ($4.11M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR Iran WERE (2021 - 2022):
Jordan$50.7M (193%)
Lebanon$46.3M (375%)
Armenia$42.6M (68.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY Iran WERE (2021 - 2022):
China-$1.88B (-88.2%)
Iraq-$1.15B (-100%)
Indonesia-$1.07B (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iran's main exporting competitors in Iron & steel were:
China $69.8B
Germany $36.9B
Japan $35.7B
In 2022, Iran's main importing competitors in Iron & steel were:

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Trade Value of Iron & steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $57.2M
TOP IMPORT POTENTIALChina+ $67.8M

Iron & steel’s highest export potential is Turkey. With an export gap of $57.2M.   Iron & steel’s highest import potential is China with an import gap of $67.8M.

See methodology.

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