2023
Exports
$89.8MWorld Rnk 22 / 152
Flag Rnk 451 / 1212
2023
PRODUCT COMPLEXITY IN Iron Wire
-0.29Rnk 643 / 1025
2023
Imports
$141MWorld Rnk 17 / 215
Flag Rnk 375 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $89.8M in Iron Wire, making it the 22nd largest exporter of Iron Wire in the world. At the same year, Iron Wire was the 451st most exported product in India. The main destination of Iron Wire exports from India are: United Arab Emirates ($34.4M), United Kingdom ($10.6M), Sri Lanka ($8.66M), Nepal ($4.14M), and Bangladesh ($4.01M).

The fastest growing export markets for Iron Wire of India between 2022 and 2023 were United Arab Emirates ($28.3M), United Kingdom ($5.38M), and Sri Lanka ($990k).

Imports In 2023, India imported $141M in Iron Wire, becoming the 17th largest importer of Iron Wire in the world. At the same year, Iron Wire was the 375th most imported product in India. India imports Iron Wire primarily from: China ($67.9M), Malaysia ($17.6M), Vietnam ($11.8M), United Arab Emirates ($10M), and South Korea ($8.53M).

The fastest growing import markets in Iron Wire for India between 2022 and 2023 were Thailand ($3.7M), United Arab Emirates ($1.95M), and Indonesia ($1.93M).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Wire. 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)$89.8M
IMPORTS (2023)$141M
NET TRADE (2023)-$51.5M

In 2023, India exported $89.8M in Iron Wire. The main destinations of India exports on Iron Wire were United Arab Emirates ($34.4M), United Kingdom ($10.6M), Sri Lanka ($8.66M), Nepal ($4.14M), and Bangladesh ($4.01M).

In 2023, India imported $141M in Iron Wire, mainly from China ($67.9M), Malaysia ($17.6M), Vietnam ($11.8M), United Arab Emirates ($10M), and South Korea ($8.53M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Wire EXPORT MARKETS FOR India WERE (2022 - 2023):
United Kingdom$5.38M (103%)
Sri Lanka$990k (12.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Wire BY India WERE (2022 - 2023):
Nepal-$5.18M (-55.6%)
United States-$4.84M (-69.9%)
Germany-$2.23M (-81.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, India's main exporting competitors in Iron Wire were:
China $1.86B
Italy $581M
In 2023, India's main importing competitors in Iron Wire were:

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Trade Value of Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.46M
TOP IMPORT POTENTIALChina+ $55.6M

Iron Wire’s highest export potential is United States. With an export gap of $6.46M.   Iron Wire’s highest import potential is China with an import gap of $55.6M.

See methodology.

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