2022
Exports
$54.7MWorld Rnk 41 / 126
Flag Rnk 45 / 1061
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.34Rnk 659 / 1025
2022
Imports
$4.39MWorld Rnk 131 / 210
Flag Rnk 496 / 1116
2022
ECONOMIC COMPLEXITY of Iran
0.072Rnk 60 / 133

About

Exports In 2022, Iran exported $54.7M in Hot-Rolled Iron Bars, making it the 41st largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 45th most exported product in Iran. The main destination of Hot-Rolled Iron Bars exports from Iran are: Armenia ($13.8M), Georgia ($10.4M), Uzbekistan ($8.58M), Azerbaijan ($7.8M), and Jordan ($5.33M).

The fastest growing export markets for Hot-Rolled Iron Bars of Iran between 2021 and 2022 were Lebanon ($2.88M), Armenia ($2.57M), and Azerbaijan ($2.01M).

Imports In 2022, Iran imported $4.39M in Hot-Rolled Iron Bars, becoming the 131st largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 496th most imported product in Iran. Iran imports Hot-Rolled Iron Bars primarily from: Turkey ($4.39M) and China ($480).

The fastest growing import markets in Hot-Rolled Iron Bars for Iran between 2021 and 2022 were Turkey ($2.5M).

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)$54.7M
IMPORTS (2022)$4.39M
NET TRADE (2022)$50.3M

In 2022, Iran exported $54.7M in Hot-Rolled Iron Bars. The main destinations of Iran exports on Hot-Rolled Iron Bars were Armenia ($13.8M), Georgia ($10.4M), Uzbekistan ($8.58M), Azerbaijan ($7.8M), and Jordan ($5.33M).

In 2022, Iran imported $4.39M in Hot-Rolled Iron Bars, mainly from Turkey ($4.39M) and China ($480).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Iran WERE (2021 - 2022):
Lebanon$2.88M (120%)
Armenia$2.57M (23%)
Azerbaijan$2.01M (34.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Iran WERE (2021 - 2022):
Iraq-$78.4M (-100%)
United Arab Emirates-$35.5M (-100%)
Ghana-$19M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iran's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
In 2022, Iran'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 POTENTIALTurkey+ $1.61M
TOP IMPORT POTENTIALTurkey+ $1.55M

Hot-Rolled Iron Bars’s highest export potential is Turkey. With an export gap of $1.61M.   Hot-Rolled Iron Bars’s highest import potential is Turkey with an import gap of $1.55M.

See methodology.

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