2022
Exports
$62.3MWorld Rnk 20 / 91
Flag Rnk 537 / 1212
2022
PRODUCT COMPLEXITY IN Steel Ingots
0.23Rnk 480 / 1025
2022
Imports
$30.6MWorld Rnk 21 / 163
Flag Rnk 685 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $62.3M in Steel Ingots, making it the 20th largest exporter of Steel Ingots in the world. At the same year, Steel Ingots was the 537th most exported product in India. The main destination of Steel Ingots exports from India are: Italy ($40.5M), United States ($12.9M), Japan ($2.22M), China ($1.43M), and Chinese Taipei ($1.3M).

The fastest growing export markets for Steel Ingots of India between 2021 and 2022 were Italy ($36.8M), United States ($12.8M), and Japan ($915k).

Imports In 2022, India imported $30.6M in Steel Ingots, becoming the 21st largest importer of Steel Ingots in the world. At the same year, Steel Ingots was the 685th most imported product in India. India imports Steel Ingots primarily from: Italy ($17M), Turkey ($4.79M), Canada ($1.74M), Oman ($1.54M), and Ukraine ($1.13M).

The fastest growing import markets in Steel Ingots for India between 2021 and 2022 were Turkey ($2.9M), Romania ($552k), and United Kingdom ($419k).

Latest Trends

Oct 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 Steel Ingots. 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)$62.3M
IMPORTS (2022)$30.6M
NET TRADE (2022)$31.7M

In 2022, India exported $62.3M in Steel Ingots. The main destinations of India exports on Steel Ingots were Italy ($40.5M), United States ($12.9M), Japan ($2.22M), China ($1.43M), and Chinese Taipei ($1.3M).

In 2022, India imported $30.6M in Steel Ingots, mainly from Italy ($17M), Turkey ($4.79M), Canada ($1.74M), Oman ($1.54M), and Ukraine ($1.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Ingots EXPORT MARKETS FOR India WERE (2021 - 2022):
Italy$36.8M (1.01k%)
United States$12.8M (9.77k%)
Japan$915k (69.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Ingots BY India WERE (2021 - 2022):
Thailand-$13.5M (-99.6%)
Nepal-$2.54M (-99.4%)
United Kingdom-$1.49M (-84.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Steel Ingots were:
In 2022, India's main importing competitors in Steel Ingots were:

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Trade Value of Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.25M
TOP IMPORT POTENTIALChina+ $6.07M

Steel Ingots’s highest export potential is United States. With an export gap of $9.25M.   Steel Ingots’s highest import potential is China with an import gap of $6.07M.

See methodology.

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