2022
Exports
$473MWorld Rnk 5 / 89
Flag Rnk 170 / 1212
2022
PRODUCT COMPLEXITY IN Iron Reductions
-1.54Rnk 951 / 1025
2022
Imports
$40.6MWorld Rnk 22 / 144
Flag Rnk 639 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $473M in Iron Reductions, making it the 5th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 170th most exported product in India. The main destination of Iron Reductions exports from India are: Nepal ($251M), Bangladesh ($172M), Bhutan ($31.6M), Singapore ($7.43M), and Thailand ($2.71M).

The fastest growing export markets for Iron Reductions of India between 2021 and 2022 were Nepal ($143M), Bangladesh ($23.5M), and Bhutan ($19.7M).

Imports In 2022, India imported $40.6M in Iron Reductions, becoming the 22nd largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 639th most imported product in India. India imports Iron Reductions primarily from: Qatar ($22.4M), Kuwait ($11.7M), Oman ($2.3M), South Africa ($2.13M), and United Arab Emirates ($886k).

The fastest growing import markets in Iron Reductions for India between 2021 and 2022 were Qatar ($22.4M), Oman ($2.3M), and China ($506k).

COMPANIES In 2023, leading companies such as Givaudan Fragrances (1) were at the forefront of shipping Iron Reductions from India 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 Reductions. 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)$473M
IMPORTS (2022)$40.6M
NET TRADE (2022)$432M

In 2022, India exported $473M in Iron Reductions. The main destinations of India exports on Iron Reductions were Nepal ($251M), Bangladesh ($172M), Bhutan ($31.6M), Singapore ($7.43M), and Thailand ($2.71M).

In 2022, India imported $40.6M in Iron Reductions, mainly from Qatar ($22.4M), Kuwait ($11.7M), Oman ($2.3M), South Africa ($2.13M), and United Arab Emirates ($886k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR India WERE (2021 - 2022):
Nepal$143M (133%)
Bangladesh$23.5M (15.8%)
Bhutan$19.7M (165%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY India WERE (2021 - 2022):
Kenya-$1.07M (-100%)
Malaysia-$800k (-62.7%)
Sri Lanka-$500k (-67.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Iron Reductions were:
In 2022, India's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.34M
TOP IMPORT POTENTIALChina+ $1M

Iron Reductions’s highest export potential is China. With an export gap of $5.34M.   Iron Reductions’s highest import potential is China with an import gap of $1M.

See methodology.

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