Maldives | Imports and Exports | World | Iron and steel | Value (US$) and Value Growth, YoY (%) | 2011 - 2023
The value of exports of commodity group 72 "Iron and steel" from Maldives totalled $ 3.43 million in 2023. Sales of commodity group 72 from Maldives decreased by 30% in value terms compared to 2022. exports of commodity group 72 "Iron and steel" decreased by $ 1.48 million (cumulative exports of commodity group 72 from Maldives amounted $4.91 million in 2022)
Exports of commodity group 72 "Iron and steel" amounted to 2.11% of total exports from Maldives (cumulative merchandise exports from Maldives totalled $ 162 million in 2023). The share of commodity group 72 in total exports from Maldives decreased by 0.986 p.p. compared to 2022 (it was 3.1% in 2022 and cumulative exports from Maldives were equal to $ 158 million).
Where does Maldives export Iron and steel?
Top export destinations of "Iron and steel" from Maldives in 2023:
- India with a share of 96% (3.32 million US$)
- United Arab Emirates with a share of 2.03% (69 thousand US$)
- Singapore with a share of 1.02% (35 thousand US$)
Exports structure of 72 - Iron and steel - from Maldives in 2023 represented by the following main commodity groups:
- 100% (3.43 million US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
The value of imports of commodity group 72 "Iron and steel" to Maldives totalled $ 80 million in 2023. Sales of commodity group 72 to Maldives decreased by 9.53% in value terms compared to 2022. imports of commodity group 72 "Iron and steel" decreased by $ 8.47 million (the value of imports of commodity group 72 to Maldives was equal to $88 million in 2022)
Imports of commodity group 72 "Iron and steel" accounted for 2.3% of total import flow to Maldives (in 2023, total imports to Maldives amounted to $ 3.48 billion). The share of commodity group 72 in total imports to Maldives decreased by 0.218 p.p. compared to 2022 (it was 2.52% in 2022 and cumulative imports to Maldives were equal to $ 3.52 billion).
Where does Maldives import Iron and steel from?
Top trading partners (import of "Iron and steel") of Maldives in 2023:
- India with a share of 43% (35 million US$)
- United Arab Emirates with a share of 32% (25 million US$)
- China with a share of 10.2% (8.22 million US$)
- Singapore with a share of 4.17% (3.35 million US$)
- Sri Lanka with a share of 2.26% (1.81 million US$)
- Thailand with a share of 2.07% (1.66 million US$)
- Malaysia with a share of 1.92% (1.54 million US$)
- Turkey with a share of 1.53% (1.23 million US$)
- Saudi Arabia with a share of 1.01% (818 thousand US$)
- Hong Kong - 234 thousand US$
Imports structure of 72 - Iron and steel - to Maldives in 2023 represented by the following main commodity groups:
- 63% (50 million US$): 7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
- 17.9% (14.4 million US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 5.15% (4.14 million US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
- 4.31% (3.46 million US$): 7222 - Other bars and rods of stainless steel; angles, shapes and sections of stainless steel
- 3.82% (3.07 million US$): 7219 - Flat-rolled products of stainless steel, of a width of 600 mm or more
- 1.77% (1.42 million US$): 7213 - Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel
- 1.05% (844 thousand US$): 7217 - Wire of iron or non-alloy steel
- 0.913% (734 thousand US$): 7215 - Other bars and rods of iron or non-alloy steel
- 0.544% (437 thousand US$): 7220 - Flat-rolled products of stainless steel, of a width of less than 600 mm.
- 0.52% (418 thousand US$): 7212 - Flat-rolled products of iron or non-alloy steel, of a width of less than 600 mm, clad, plated or coated
