2023
Exports
$6.73MWorld Rnk 129 / 226
Flag Rnk 28 / 92
2023
PRODUCT COMPLEXITY IN Iron or steel articles
1.67Rnk 25 / 1025
2023
Imports
$152MWorld Rnk 134 / 226
Flag Rnk 16 / 96

About

Exports In 2023, Nepal exported $6.73M in Iron or steel articles, making it the 129th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 28th most exported product in Nepal. The main destination of Iron or steel articles exports from Nepal are: India ($6.13M), Canada ($70.2k), China ($61.8k), Spain ($60k), and Australia ($57.3k).

The fastest growing export markets for Iron or steel articles of Nepal between 2022 and 2023 were India ($2.13M), Spain ($59k), and China ($54.1k).

Imports In 2023, Nepal imported $152M in Iron or steel articles, becoming the 134th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 16th most imported product in Nepal. Nepal imports Iron or steel articles primarily from: India ($113M), China ($35.5M), Germany ($836k), Italy ($529k), and Japan ($442k).

The fastest growing import markets in Iron or steel articles for Nepal between 2022 and 2023 were Germany ($283k), Malaysia ($175k), and Italy ($156k).

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)$6.73M
IMPORTS (2023)$152M
NET TRADE (2023)-$146M

In 2023, Nepal exported $6.73M in Iron or steel articles. The main destinations of Nepal exports on Iron or steel articles were India ($6.13M), Canada ($70.2k), China ($61.8k), Spain ($60k), and Australia ($57.3k).

In 2023, Nepal imported $152M in Iron or steel articles, mainly from India ($113M), China ($35.5M), Germany ($836k), Italy ($529k), and Japan ($442k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Nepal WERE (2022 - 2023):
India$2.13M (53.3%)
Spain$59k (5.86k%)
China$54.1k (700%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Nepal WERE (2022 - 2023):
United States-$255k (-83%)
Bhutan-$130k (-100%)
Thailand-$99.7k (-79.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nepal's main exporting competitors in Iron or steel articles were:
In 2023, Nepal'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+ $2.53M
TOP IMPORT POTENTIALChina+ $49.9M

Iron or steel articles’s highest export potential is India. With an export gap of $2.53M.   Iron or steel articles’s highest import potential is China with an import gap of $49.9M.

See methodology.

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