2023
Exports
$385MWorld Rnk 69 / 219
Flag Rnk 19 / 96
2023
PRODUCT COMPLEXITY IN Iron & steel
1.66Rnk 26 / 1025
2023
Imports
$2.73BWorld Rnk 40 / 224
Flag Rnk 5 / 96
2023
ECONOMIC COMPLEXITY of Pakistan
-0.55Rnk 89 / 132

About

Exports In 2023, Pakistan exported $385M in Iron & steel, making it the 69th largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 19th most exported product in Pakistan. The main destination of Iron & steel exports from Pakistan are: Oman ($252M), Turkey ($28.9M), United Arab Emirates ($25.5M), United States ($20.8M), and China ($15M).

The fastest growing export markets for Iron & steel of Pakistan between 2022 and 2023 were China ($14.7M), Turkey ($5.96M), and Thailand ($3.07M).

Imports In 2023, Pakistan imported $2.73B in Iron & steel, becoming the 40th largest importer of Iron & steel in the world. At the same year, Iron & steel was the 5th most imported product in Pakistan. Pakistan imports Iron & steel primarily from: China ($927M), United Kingdom ($344M), United Arab Emirates ($243M), Japan ($203M), and United States ($141M).

The fastest growing import markets in Iron & steel for Pakistan between 2022 and 2023 were United Arab Emirates ($25.2M), Qatar ($10.5M), and Poland ($5.28M).

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 & 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 (2023)$385M
IMPORTS (2023)$2.73B
NET TRADE (2023)-$2.35B

In 2023, Pakistan exported $385M in Iron & steel. The main destinations of Pakistan exports on Iron & steel were Oman ($252M), Turkey ($28.9M), United Arab Emirates ($25.5M), United States ($20.8M), and China ($15M).

In 2023, Pakistan imported $2.73B in Iron & steel, mainly from China ($927M), United Kingdom ($344M), United Arab Emirates ($243M), Japan ($203M), and United States ($141M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR Pakistan WERE (2022 - 2023):
China$14.7M (4.29k%)
Turkey$5.96M (26%)
Thailand$3.07M (734%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY Pakistan WERE (2022 - 2023):
Oman-$61.5M (-19.6%)
United Arab Emirates-$45.6M (-64.2%)
Canada-$8.33M (-46%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Pakistan's main exporting competitors in Iron & steel were:
China $66.2B
Germany $32.6B
Japan $31.6B
In 2023, Pakistan'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 POTENTIALUnited States+ $26.6M
TOP IMPORT POTENTIALChina+ $447M

Iron & steel’s highest export potential is United States. With an export gap of $26.6M.   Iron & steel’s highest import potential is China with an import gap of $447M.

See methodology.

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