2022
Exports
$60MWorld Rnk 85 / 226
Flag Rnk 31 / 94
2022
PRODUCT COMPLEXITY IN Iron or steel articles
1.68Rnk 27 / 1025
2022
Imports
$1.37BWorld Rnk 54 / 225
Flag Rnk 5 / 96
2022
ECONOMIC COMPLEXITY of Burma
-0.84Rnk 102 / 133

About

Exports In 2022, Burma exported $60M in Iron or steel articles, making it the 85th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 31st most exported product in Burma. The main destination of Iron or steel articles exports from Burma are: Bangladesh ($20.9M), Thailand ($14.4M), India ($9.78M), United States ($6.79M), and Japan ($2.91M).

The fastest growing export markets for Iron or steel articles of Burma between 2021 and 2022 were Bangladesh ($15.2M), United States ($1.71M), and Indonesia ($1.45M).

Imports In 2022, Burma imported $1.37B in Iron or steel articles, becoming the 54th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 5th most imported product in Burma. Burma imports Iron or steel articles primarily from: China ($1.15B), Thailand ($88.2M), Indonesia ($37.4M), South Korea ($22M), and Vietnam ($20.5M).

The fastest growing import markets in Iron or steel articles for Burma between 2021 and 2022 were China ($649M), Indonesia ($31.3M), and South Korea ($17.5M).

COMPANIES In 2023, leading companies such as David's Bridal (42) and 99 Cents Only Stores (7) were at the forefront of shipping Iron or steel articles from Burma to the United States.

Latest Trends

Oct 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 (2022)$60M
IMPORTS (2022)$1.37B
NET TRADE (2022)-$1.31B

In 2022, Burma exported $60M in Iron or steel articles. The main destinations of Burma exports on Iron or steel articles were Bangladesh ($20.9M), Thailand ($14.4M), India ($9.78M), United States ($6.79M), and Japan ($2.91M).

In 2022, Burma imported $1.37B in Iron or steel articles, mainly from China ($1.15B), Thailand ($88.2M), Indonesia ($37.4M), South Korea ($22M), and Vietnam ($20.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Burma WERE (2021 - 2022):
Bangladesh$15.2M (268%)
United States$1.71M (33.7%)
Indonesia$1.45M (4.61k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Burma WERE (2021 - 2022):
Thailand-$10.2M (-41.5%)
India-$1.81M (-15.6%)
Singapore-$954k (-63.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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