2022
Exports
$73.9MWorld Rnk 28 / 156
Flag Rnk 502 / 1212
2022
PRODUCT COMPLEXITY IN Iron Wire
-0.35Rnk 661 / 1025
2022
Imports
$151MWorld Rnk 22 / 216
Flag Rnk 374 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $73.9M in Iron Wire, making it the 28th largest exporter of Iron Wire in the world. At the same year, Iron Wire was the 502nd most exported product in India. The main destination of Iron Wire exports from India are: Nepal ($9.31M), United Arab Emirates ($8.96M), Sri Lanka ($6.23M), United States ($5.55M), and Bangladesh ($4.28M).

The fastest growing export markets for Iron Wire of India between 2021 and 2022 were Germany ($1.97M), Canada ($1.67M), and Belgium ($983k).

Imports In 2022, India imported $151M in Iron Wire, becoming the 22nd largest importer of Iron Wire in the world. At the same year, Iron Wire was the 374th most imported product in India. India imports Iron Wire primarily from: China ($81M), Malaysia ($20.8M), Vietnam ($11.2M), United Arab Emirates ($6.92M), and South Korea ($6.57M).

The fastest growing import markets in Iron Wire for India between 2021 and 2022 were United Arab Emirates ($5.43M), China ($1.46M), and Nepal ($980k).

Latest Trends

Jul 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 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 (2022)$73.9M
IMPORTS (2022)$151M
NET TRADE (2022)-$77.3M

In 2022, India exported $73.9M in Iron Wire. The main destinations of India exports on Iron Wire were Nepal ($9.31M), United Arab Emirates ($8.96M), Sri Lanka ($6.23M), United States ($5.55M), and Bangladesh ($4.28M).

In 2022, India imported $151M in Iron Wire, mainly from China ($81M), Malaysia ($20.8M), Vietnam ($11.2M), United Arab Emirates ($6.92M), and South Korea ($6.57M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Wire EXPORT MARKETS FOR India WERE (2021 - 2022):
Germany$1.97M (586%)
Canada$1.67M (142%)
Belgium$983k (802%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Wire BY India WERE (2021 - 2022):
Sri Lanka-$9.04M (-59.2%)
Burma-$4.92M (-75.9%)
United Arab Emirates-$2.85M (-24.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Iron Wire were:
In 2022, 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
N/AN/AN/A
TOP IMPORT POTENTIALChina+ $55.6M

Iron Wire’s highest export potential is N/A. With an export gap of N/A.   Iron Wire’s highest import potential is China with an import gap of $55.6M.

See methodology.

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