2022
Exports
$16.8BWorld Rnk 11 / 223
Flag Rnk 8 / 96
2022
PRODUCT COMPLEXITY IN Iron & steel
1.68Rnk 28 / 1025
2022
Imports
$16BWorld Rnk 8 / 225
Flag Rnk 9 / 96
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $16.8B in Iron & steel, making it the 11th largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 8th most exported product in India. The main destination of Iron & steel exports from India are: Italy ($1.91B), United Arab Emirates ($1.36B), United States ($1.08B), Turkey ($1.02B), and Nepal ($1B).

The fastest growing export markets for Iron & steel of India between 2021 and 2022 were United States ($385M), Egypt ($151M), and Canada ($84.6M).

Imports In 2022, India imported $16B in Iron & steel, becoming the 8th largest importer of Iron & steel in the world. At the same year, Iron & steel was the 9th most imported product in India. India imports Iron & steel primarily from: South Korea ($2.74B), China ($1.94B), Indonesia ($1.41B), Japan ($1.24B), and United States ($1.04B).

The fastest growing import markets in Iron & steel for India between 2021 and 2022 were China ($785M), United States ($576M), and United Kingdom ($455M).

COMPANIES In 2023, leading companies such as At Home Procurement (14), Poclain Hydraulics (10), and Cinmar (9) were at the forefront of shipping Iron & steel 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 & steel. 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)$16.8B
IMPORTS (2022)$16B
NET TRADE (2022)$796M

In 2022, India exported $16.8B in Iron & steel. The main destinations of India exports on Iron & steel were Italy ($1.91B), United Arab Emirates ($1.36B), United States ($1.08B), Turkey ($1.02B), and Nepal ($1B).

In 2022, India imported $16B in Iron & steel, mainly from South Korea ($2.74B), China ($1.94B), Indonesia ($1.41B), Japan ($1.24B), and United States ($1.04B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$385M (55.4%)
Egypt$151M (50.3%)
Canada$84.6M (47.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY India WERE (2021 - 2022):
China-$977M (-66.4%)
Indonesia-$732M (-64.9%)
Vietnam-$591M (-42.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Iron & steel were:
China $69.8B
Germany $36.9B
Japan $35.7B
In 2022, India's main importing competitors in Iron & steel were:

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Trade Value of Iron & steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $772M
TOP IMPORT POTENTIALChina+ $1.45B

Iron & steel’s highest export potential is China. With an export gap of $772M.   Iron & steel’s highest import potential is China with an import gap of $1.45B.

See methodology.

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