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2022
Exports $15.2MWorld Rnk 137 / 223
Flag Rnk 5 / 80
2022
Destination $337k India
2021 - 2022
FASTEST GROWING MARKET $337kIndia
2022
PRODUCT COMPLEXITY IN Iron & steel1.68Rnk 28 / 1025
2022
Imports $118MWorld Rnk 137 / 225
Flag Rnk 8 / 96
2022
Origin $63.3M India
2021 - 2022
FASTEST GROWING ORIGIN $63.3MIndia

About

Exports In 2022, Maldives exported $15.2M in Iron & steel, making it the 137th largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 5th most exported product in Maldives. The main destination of Iron & steel exports from Maldives are: India ($14.9M), Pakistan ($105k), United Arab Emirates ($105k), Sri Lanka ($25.6k), and Bangladesh ($22.5k).

The fastest growing export markets for Iron & steel of Maldives between 2021 and 2022 were India ($337k), United Arab Emirates ($105k), and Bangladesh ($22.5k).

Imports In 2022, Maldives imported $118M in Iron & steel, becoming the 137th largest importer of Iron & steel in the world. At the same year, Iron & steel was the 8th most imported product in Maldives. Maldives imports Iron & steel primarily from: India ($74.7M), United Arab Emirates ($21.8M), China ($8.8M), Sri Lanka ($6.83M), and Malaysia ($1.81M).

The fastest growing import markets in Iron & steel for Maldives between 2021 and 2022 were India ($63.3M), United Arab Emirates ($10.2M), and China ($2.93M).

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)$15.2M
IMPORTS (2022)$118M
NET TRADE (2022)-$103M

In 2022, Maldives exported $15.2M in Iron & steel. The main destinations of Maldives exports on Iron & steel were India ($14.9M), Pakistan ($105k), United Arab Emirates ($105k), Sri Lanka ($25.6k), and Bangladesh ($22.5k).

In 2022, Maldives imported $118M in Iron & steel, mainly from India ($74.7M), United Arab Emirates ($21.8M), China ($8.8M), Sri Lanka ($6.83M), and Malaysia ($1.81M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR Maldives WERE (2021 - 2022):
India$337k (2.32%)
United Arab Emirates$105k (1%)
Bangladesh$22.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY Maldives WERE (2021 - 2022):
Malaysia-$239k (-96.4%)
Pakistan-$93.9k (-47.2%)
Oman-$27.7k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Maldives's main exporting competitors in Iron & steel were:
China $69.8B
Germany $36.9B
Japan $35.7B
In 2022, Maldives's main importing competitors in Iron & steel were:
United States $43.2B
China $41.4B
Germany $36B

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Trade Value of Iron & steel by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Iron & steel’s highest export potential is N/A. With an export gap of N/A.   Iron & steel’s highest import potential is N/A with an import gap of N/A.

See methodology.

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