2023
Exports
$8.65MWorld Rnk 124 / 226
Flag Rnk 51 / 96
2023
PRODUCT COMPLEXITY IN Iron or steel articles
1.67Rnk 25 / 1025
2023
Imports
$761MWorld Rnk 67 / 226
Flag Rnk 22 / 96
2023
ECONOMIC COMPLEXITY of Bangladesh
-1.03Rnk 113 / 132

About

Exports In 2023, Bangladesh exported $8.65M in Iron or steel articles, making it the 124th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 51st most exported product in Bangladesh. The main destination of Iron or steel articles exports from Bangladesh are: India ($2.32M), United States ($1.92M), Japan ($1.03M), Germany ($600k), and United Kingdom ($525k).

The fastest growing export markets for Iron or steel articles of Bangladesh between 2022 and 2023 were Germany ($302k), United Kingdom ($257k), and Thailand ($217k).

Imports In 2023, Bangladesh imported $761M in Iron or steel articles, becoming the 67th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 22nd most imported product in Bangladesh. Bangladesh imports Iron or steel articles primarily from: China ($514M), India ($128M), United Arab Emirates ($22.1M), Thailand ($13.9M), and Singapore ($9.17M).

The fastest growing import markets in Iron or steel articles for Bangladesh between 2022 and 2023 were Italy ($3.41M), Thailand ($2.76M), and United States ($735k).

COMPANIES In 2024, leading companies such as Bass Pro Shops (46), BJ's Wholesale Club (1), and Kontoor Brands (1) were at the forefront of shipping Iron or steel articles from Bangladesh to the United States.

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 or steel articles. 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)$8.65M
IMPORTS (2023)$761M
NET TRADE (2023)-$753M

In 2023, Bangladesh exported $8.65M in Iron or steel articles. The main destinations of Bangladesh exports on Iron or steel articles were India ($2.32M), United States ($1.92M), Japan ($1.03M), Germany ($600k), and United Kingdom ($525k).

In 2023, Bangladesh imported $761M in Iron or steel articles, mainly from China ($514M), India ($128M), United Arab Emirates ($22.1M), Thailand ($13.9M), and Singapore ($9.17M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Bangladesh WERE (2022 - 2023):
Germany$302k (102%)
United Kingdom$257k (96.1%)
Thailand$217k (236%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Bangladesh WERE (2022 - 2023):
India-$5.95M (-72%)
Brunei-$644k (-98.4%)
United States-$644k (-25.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bangladesh's main exporting competitors in Iron or steel articles were:
In 2023, Bangladesh's main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $8.28M
TOP IMPORT POTENTIALChina+ $212M

Iron or steel articles’s highest export potential is India. With an export gap of $8.28M.   Iron or steel articles’s highest import potential is China with an import gap of $212M.

See methodology.

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