2023
Exports
$103MWorld Rnk 43 / 126
Flag Rnk 22 / 1049
2023
PRODUCT COMPLEXITY IN Ferroalloys
-1.33Rnk 905 / 1025
2023
Imports
$26.3MWorld Rnk 61 / 171
Flag Rnk 190 / 1101
2023
ECONOMIC COMPLEXITY of Iran
0.084Rnk 58 / 132

About

Exports In 2023, Iran exported $103M in Ferroalloys, making it the 43rd largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 22nd most exported product in Iran. The main destination of Ferroalloys exports from Iran are: Turkey ($52.2M), Bulgaria ($10.8M), Armenia ($7.6M), Belgium ($7.22M), and Netherlands ($3.92M).

The fastest growing export markets for Ferroalloys of Iran between 2022 and 2023 were France ($2.17M), Belgium ($2.05M), and Azerbaijan ($167k).

Imports In 2023, Iran imported $26.3M in Ferroalloys, becoming the 61st largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 190th most imported product in Iran. Iran imports Ferroalloys primarily from: Malaysia ($16M), China ($5.69M), United Arab Emirates ($3.38M), Thailand ($620k), and Georgia ($375k).

The fastest growing import markets in Ferroalloys for Iran between 2022 and 2023 were Malaysia ($16M) and South Africa ($78.3k).

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 Ferroalloys. 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)$103M
IMPORTS (2023)$26.3M
NET TRADE (2023)$77.2M

In 2023, Iran exported $103M in Ferroalloys. The main destinations of Iran exports on Ferroalloys were Turkey ($52.2M), Bulgaria ($10.8M), Armenia ($7.6M), Belgium ($7.22M), and Netherlands ($3.92M).

In 2023, Iran imported $26.3M in Ferroalloys, mainly from Malaysia ($16M), China ($5.69M), United Arab Emirates ($3.38M), Thailand ($620k), and Georgia ($375k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Iran WERE (2022 - 2023):
France$2.17M (494%)
Belgium$2.05M (39.7%)
Azerbaijan$167k (10.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Iran WERE (2022 - 2023):
India-$18.4M (-100%)
Netherlands-$14M (-78.1%)
Russia-$9.31M (-100%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2023, Iran's main exporting competitors in Ferroalloys were:
In 2023, Iran's main importing competitors in Ferroalloys were:

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $12.7M
TOP IMPORT POTENTIALChina+ $2.92M

Ferroalloys’s highest export potential is Turkey. With an export gap of $12.7M.   Ferroalloys’s highest import potential is China with an import gap of $2.92M.

See methodology.

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