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Exports In 2023, Nepal exported $104M in Iron & steel, making it the 102nd largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 3rd most exported product in Nepal. The main destination of Iron & steel exports from Nepal are: India ($103M), Romania ($633k), Czechia ($6.79k), China ($717), and Belgium ($546).

The fastest growing export markets for Iron & steel of Nepal between 2022 and 2023 were India ($49.8M), Romania ($56.9k), and China ($717).

Imports In 2023, Nepal imported $926M in Iron & steel, becoming the 68th largest importer of Iron & steel in the world. At the same year, Iron & steel was the 2nd most imported product in Nepal. Nepal imports Iron & steel primarily from: India ($852M), China ($26.1M), Chinese Taipei ($20.8M), Belgium ($11.7M), and Sweden ($5.79M).

The fastest growing import markets in Iron & steel for Nepal between 2022 and 2023 were Chinese Taipei ($19.6M), Belgium ($11.4M), and Sweden ($4.75M).

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 & 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 (2023)$104M
IMPORTS (2023)$926M
NET TRADE (2023)-$822M

In 2023, Nepal exported $104M in Iron & steel. The main destinations of Nepal exports on Iron & steel were India ($103M), Romania ($633k), Czechia ($6.79k), China ($717), and Belgium ($546).

In 2023, Nepal imported $926M in Iron & steel, mainly from India ($852M), China ($26.1M), Chinese Taipei ($20.8M), Belgium ($11.7M), and Sweden ($5.79M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR Nepal WERE (2022 - 2023):
India$49.8M (92.7%)
Romania$56.9k (9.88%)
China$717 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY Nepal WERE (2022 - 2023):
Germany-$144k (-100%)
Czechia-$129k (-95%)
Sri Lanka-$68.3k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nepal's main exporting competitors in Iron & steel were:
China $66.2B
Germany $32.6B
Japan $31.6B
In 2023, Nepal's main importing competitors in Iron & steel were:

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Trade Value of Iron & steel by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $24.1M
TOP IMPORT POTENTIALChina+ $22.5M

Iron & steel’s highest export potential is India. With an export gap of $24.1M.   Iron & steel’s highest import potential is China with an import gap of $22.5M.

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