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2013
Exports $13kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Iron Reductions-1.12Rnk 860 / 1025
2013
Imports $309MWorld Rnk 5 / 142
Flag Rnk 3 / 1139

About

Imports In 2023, Nepal imported $309M in Iron Reductions, becoming the 5th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 3rd most imported product in Nepal. Nepal imports Iron Reductions primarily from: India ($309M).

The fastest growing import markets in Iron Reductions for Nepal between 2022 and 2023 were India ($50.2M).

Historical Data

Trade Balance

Color
EXPORTS (2013)$13k
IMPORTS (2023)$309M
NET TRADE (2023)-$309M

In 2023, Nepal imported $309M in Iron Reductions, mainly from India ($309M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nepal's main exporting competitors in Iron Reductions were:
Russia $910M
India $701M
Trinidad and Tobago $617M
In 2023, Nepal's main importing competitors in Iron Reductions were:
Saudi Arabia $1.02B
United States $601M
Oman $481M

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $665
TOP IMPORT POTENTIALRussia+ $3.73k

Iron Reductions’s highest export potential is China. With an export gap of $665.   Iron Reductions’s highest import potential is Russia with an import gap of $3.73k.

See methodology.

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