2018
Exports
$1.22BWorld Rnk 7 / 125
Flag Rnk 57 / 1212
2023
PRODUCT COMPLEXITY IN Semi-Finished Iron
-0.94Rnk 812 / 1025
2018
Imports
$281MWorld Rnk 30 / 189
Flag Rnk 264 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2018, India exported $1.22B in Semi-Finished Iron, making it the 7th largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 57th most exported product in India. The main destination of Semi-Finished Iron exports from India are: United Arab Emirates ($257M), Oman ($233M), Italy ($144M), Nepal ($133M), and Indonesia ($115M).

The fastest growing export markets for Semi-Finished Iron of India between 2022 and 2023 were Oman ($219M), Tunisia ($45M), and Sri Lanka ($43M).

Imports In 2023, India imported $281M in Semi-Finished Iron, becoming the 30th largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 264th most imported product in India. India imports Semi-Finished Iron primarily from: Russia ($86.2M), Bahrain ($44.8M), Oman ($33.7M), Indonesia ($26.2M), and South Korea ($18.4M).

The fastest growing import markets in Semi-Finished Iron for India between 2022 and 2023 were Russia ($57.9M), Bahrain ($44.8M), and Indonesia ($18.1M).

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 Semi-Finished 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 (2023)$1.22B
IMPORTS (2023)$281M
NET TRADE (2023)$935M

In 2023, India exported $1.22B in Semi-Finished Iron. The main destinations of India exports on Semi-Finished Iron were United Arab Emirates ($257M), Oman ($233M), Italy ($144M), Nepal ($133M), and Indonesia ($115M).

In 2023, India imported $281M in Semi-Finished Iron, mainly from Russia ($86.2M), Bahrain ($44.8M), Oman ($33.7M), Indonesia ($26.2M), and South Korea ($18.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Semi-Finished Iron EXPORT MARKETS FOR India WERE (2022 - 2023):
Oman$219M (1.59k%)
Tunisia$45M (1.93M%)
Sri Lanka$43M (95.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semi-Finished Iron BY India WERE (2022 - 2023):
Kenya-$172M (-97.9%)
Nepal-$145M (-52.1%)
Egypt-$97.7M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Semi-Finished Iron were:
Russia $6.75B
Oman $3.27B
Brazil $3.13B
In 2023, India's main importing competitors in Semi-Finished Iron were:

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Trade Value of Semi-Finished Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $89.8M
TOP IMPORT POTENTIALRussia+ $36.2M

Semi-Finished Iron’s highest export potential is China. With an export gap of $89.8M.   Semi-Finished Iron’s highest import potential is Russia with an import gap of $36.2M.

See methodology.

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