2022
Exports
$269MWorld Rnk 22 / 162
Flag Rnk 252 / 1212
2022
PRODUCT COMPLEXITY IN Raw Iron Bars
-1.3Rnk 911 / 1025
2022
Imports
$67MWorld Rnk 77 / 217
Flag Rnk 553 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $269M in Raw Iron Bars, making it the 22nd largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 252nd most exported product in India. The main destination of Raw Iron Bars exports from India are: Hong Kong ($82.7M), Maldives ($32.7M), Singapore ($28.9M), Italy ($23.3M), and United Kingdom ($20.7M).

The fastest growing export markets for Raw Iron Bars of India between 2021 and 2022 were Maldives ($27.6M), Italy ($13.2M), and Bhutan ($6.81M).

Imports In 2022, India imported $67M in Raw Iron Bars, becoming the 77th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 553rd most imported product in India. India imports Raw Iron Bars primarily from: Thailand ($27M), China ($20.3M), South Korea ($6.23M), Japan ($4.45M), and Turkey ($2.5M).

The fastest growing import markets in Raw Iron Bars for India between 2021 and 2022 were China ($19.1M), Thailand ($13.1M), and Bangladesh ($1.89M).

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 Raw Iron Bars. 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)$269M
IMPORTS (2022)$67M
NET TRADE (2022)$202M

In 2022, India exported $269M in Raw Iron Bars. The main destinations of India exports on Raw Iron Bars were Hong Kong ($82.7M), Maldives ($32.7M), Singapore ($28.9M), Italy ($23.3M), and United Kingdom ($20.7M).

In 2022, India imported $67M in Raw Iron Bars, mainly from Thailand ($27M), China ($20.3M), South Korea ($6.23M), Japan ($4.45M), and Turkey ($2.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR India WERE (2021 - 2022):
Maldives$27.6M (534%)
Italy$13.2M (129%)
Bhutan$6.81M (272%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY India WERE (2021 - 2022):
Hong Kong-$260M (-75.9%)
Singapore-$119M (-80.4%)
Chinese Taipei-$21.5M (-88.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Raw Iron Bars were:
Turkey $4.24B
Italy $1.71B
In 2022, India's main importing competitors in Raw Iron Bars were:

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Trade Value of Raw Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $6.96M
TOP IMPORT POTENTIALChina+ $17.5M

Raw Iron Bars’s highest export potential is United Kingdom. With an export gap of $6.96M.   Raw Iron Bars’s highest import potential is China with an import gap of $17.5M.

See methodology.

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