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Exports In 2022, British Indian Ocean Territory exported $18k in Iron or steel articles, making it the 222nd largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 18th most exported product in British Indian Ocean Territory. The main destination of Iron or steel articles exports from British Indian Ocean Territory are: New Zealand ($7.89k), Ireland ($4.51k), Denmark ($1.94k), France ($992), and Nigeria ($517).

The fastest growing export markets for Iron or steel articles of British Indian Ocean Territory between 2021 and 2022 were New Zealand ($7.71k), Ireland ($2.28k), and Denmark ($1.5k).

Imports In 2022, British Indian Ocean Territory imported $515k in Iron or steel articles, becoming the 222nd largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 7th most imported product in British Indian Ocean Territory. British Indian Ocean Territory imports Iron or steel articles primarily from: United States ($356k), Panama ($89.7k), Singapore ($64.4k), Netherlands ($3.29k), and Namibia ($1.63k).

The fastest growing import markets in Iron or steel articles for British Indian Ocean Territory between 2021 and 2022 were United States ($295k), Panama ($89.7k), and Netherlands ($1.74k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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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

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EXPORTS (2022)$18k
IMPORTS (2022)$515k
NET TRADE (2022)-$497k

In 2022, British Indian Ocean Territory exported $18k in Iron or steel articles. The main destinations of British Indian Ocean Territory exports on Iron or steel articles were New Zealand ($7.89k), Ireland ($4.51k), Denmark ($1.94k), France ($992), and Nigeria ($517).

In 2022, British Indian Ocean Territory imported $515k in Iron or steel articles, mainly from United States ($356k), Panama ($89.7k), Singapore ($64.4k), Netherlands ($3.29k), and Namibia ($1.63k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR British Indian Ocean Territory WERE (2021 - 2022):
New Zealand$7.71k (4.26k%)
Ireland$2.28k (102%)
Denmark$1.5k (346%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY British Indian Ocean Territory WERE (2021 - 2022):
United Kingdom-$6.76k (-100%)
Sweden-$2.34k (-96%)
Cote d'Ivoire-$1.19k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, British Indian Ocean Territory's main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, British Indian Ocean Territory'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

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Iron or steel articles’s highest export potential is N/A. With an export gap of N/A.   Iron or steel articles’s highest import potential is N/A with an import gap of N/A.

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