2022
Exports
$395MWorld Rnk 17 / 126
Flag Rnk 191 / 1212
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.34Rnk 659 / 1025
2022
Imports
$92.4MWorld Rnk 49 / 210
Flag Rnk 476 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $395M in Hot-Rolled Iron Bars, making it the 17th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 191st most exported product in India. The main destination of Hot-Rolled Iron Bars exports from India are: United States ($96.2M), Nepal ($49.6M), Spain ($31.4M), Belgium ($23.1M), and Bangladesh ($22.7M).

The fastest growing export markets for Hot-Rolled Iron Bars of India between 2021 and 2022 were United States ($58M), Spain ($23.2M), and Belgium ($21.9M).

Imports In 2022, India imported $92.4M in Hot-Rolled Iron Bars, becoming the 49th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 476th most imported product in India. India imports Hot-Rolled Iron Bars primarily from: N/A.

The fastest growing import markets in Hot-Rolled Iron Bars for India between 2021 and 2022 were Malaysia ($48.1M), Indonesia ($14.3M), and United Arab Emirates ($2.53M).

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 Hot-Rolled Iron Bars. 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)$395M
IMPORTS (2022)$92.4M
NET TRADE (2022)$303M

In 2022, India exported $395M in Hot-Rolled Iron Bars. The main destinations of India exports on Hot-Rolled Iron Bars were United States ($96.2M), Nepal ($49.6M), Spain ($31.4M), Belgium ($23.1M), and Bangladesh ($22.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$58M (152%)
Spain$23.2M (283%)
Belgium$21.9M (1.92k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY India WERE (2021 - 2022):
Chinese Taipei-$125M (-90.1%)
Nepal-$96.8M (-66.1%)
South Korea-$48.7M (-87.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
In 2022, India's main importing competitors in Hot-Rolled Iron Bars were:

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $30.9M
TOP IMPORT POTENTIALChina+ $7.26M

Hot-Rolled Iron Bars’s highest export potential is United States. With an export gap of $30.9M.   Hot-Rolled Iron Bars’s highest import potential is China with an import gap of $7.26M.

See methodology.

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