2022
Exports
$449MWorld Rnk 4 / 92
Flag Rnk 176 / 1212
2022
PRODUCT COMPLEXITY IN Pig Iron
-1.18Rnk 876 / 1025
2022
Imports
$66.6MWorld Rnk 15 / 141
Flag Rnk 554 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $449M in Pig Iron, making it the 4th largest exporter of Pig Iron in the world. At the same year, Pig Iron was the 176th most exported product in India. The main destination of Pig Iron exports from India are: United States ($290M), China ($36.3M), United Arab Emirates ($31.2M), Nepal ($28.2M), and South Korea ($26.6M).

The fastest growing export markets for Pig Iron of India between 2021 and 2022 were United States ($187M), Nepal ($20.5M), and United Arab Emirates ($13.7M).

Imports In 2022, India imported $66.6M in Pig Iron, becoming the 15th largest importer of Pig Iron in the world. At the same year, Pig Iron was the 554th most imported product in India. India imports Pig Iron primarily from: Russia ($28.3M), South Africa ($13.9M), China ($9.96M), Kuwait ($6.74M), and Brazil ($1.85M).

The fastest growing import markets in Pig Iron for India between 2021 and 2022 were Russia ($28.3M), China ($9.95M), and Kuwait ($6.69M).

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 Pig Iron. 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)$449M
IMPORTS (2022)$66.6M
NET TRADE (2022)$382M

In 2022, India exported $449M in Pig Iron. The main destinations of India exports on Pig Iron were United States ($290M), China ($36.3M), United Arab Emirates ($31.2M), Nepal ($28.2M), and South Korea ($26.6M).

In 2022, India imported $66.6M in Pig Iron, mainly from Russia ($28.3M), South Africa ($13.9M), China ($9.96M), Kuwait ($6.74M), and Brazil ($1.85M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pig Iron EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$187M (180%)
Nepal$20.5M (268%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pig Iron BY India WERE (2021 - 2022):
China-$122M (-77%)
Turkey-$73.2M (-100%)
Chinese Taipei-$38M (-90.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Pig Iron were:
In 2022, India's main importing competitors in Pig Iron were:

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Trade Value of Pig Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $35M
TOP IMPORT POTENTIALRussia+ $8.76M

Pig Iron’s highest export potential is China. With an export gap of $35M.   Pig Iron’s highest import potential is Russia with an import gap of $8.76M.

See methodology.

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