Myanmar | Imports and Exports | World | Iron and steel | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 72 "Iron and steel" from Myanmar totalled $ 87 million in 2023. Sales of commodity group 72 from Myanmar decreased by 41% in value terms compared to 2022. exports of commodity group 72 "Iron and steel" decreased by $ 61 million (cumulative exports of commodity group 72 from Myanmar amounted $148 million in 2022)
Exports of commodity group 72 "Iron and steel" amounted to 0.592% of total exports from Myanmar (cumulative merchandise exports from Myanmar totalled $ 14.7 billion in 2023). The share of commodity group 72 in total exports from Myanmar decreased by 0.277 p.p. compared to 2022 (it was 0.87% in 2022 and cumulative exports from Myanmar were equal to $ 17 billion).
Where does Myanmar export Iron and steel?
Top export destinations of "Iron and steel" from Myanmar in 2023:
- China with a share of 95% (83 million US$)
- India with a share of 2.98% (2.61 million US$)
- USA - 525 thousand US$
- Vietnam - 138 thousand US$
- Thailand - 120 thousand US$
- Japan - 89 thousand US$
- Malaysia - 87 thousand US$
Exports structure of 72 - Iron and steel - from Myanmar in 2023 represented by the following main commodity groups:
- 95% (83 million US$): 7202 - Ferro-alloys.
- 3.72% (3.25 million US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
- 0.596% (522 thousand US$): 7223 - Wire of stainless steel
- 0.158% (138 thousand US$): 7215 - Other bars and rods of iron or non-alloy steel
- 0.026% (23 thousand US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 0.001% (1.4 thousand US$): 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
- 0% (270 US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 0% (270 US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
The value of imports of commodity group 72 "Iron and steel" to Myanmar totalled $ 649 million in 2023. Sales of commodity group 72 to Myanmar decreased by 2.42% in value terms compared to 2022. imports of commodity group 72 "Iron and steel" decreased by $ 16.1 million (the value of imports of commodity group 72 to Myanmar was equal to $665 million in 2022)
Imports of commodity group 72 "Iron and steel" accounted for 3.95% of total import flow to Myanmar (in 2023, total imports to Myanmar amounted to $ 16.4 billion). The share of commodity group 72 in total imports to Myanmar increased by 0.125 p.p. compared to 2022 (it was 3.82% in 2022 and cumulative imports to Myanmar were equal to $ 17.4 billion).
Where does Myanmar import Iron and steel from?
Top trading partners (import of "Iron and steel") of Myanmar in 2023:
- China with a share of 77% (503 million US$)
- Malaysia with a share of 10% (64 million US$)
- Oman with a share of 4.31% (28 million US$)
- Thailand with a share of 3.72% (24 million US$)
- Japan with a share of 1.11% (7.24 million US$)
- Other Asia, nes with a share of 1.08% (7.04 million US$)
- Vietnam - 6.21 million US$
- India - 4.76 million US$
- Korea - 2.76 million US$
- Zambia - 463 thousand US$
Imports structure of 72 - Iron and steel - to Myanmar in 2023 represented by the following main commodity groups:
- 39% (257 million US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 23% (149 million US$): 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
- 9.77% (63 million US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
- 6.96% (45 million US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 6.41% (41 million US$): 7213 - Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel
- 5.79% (37 million US$): 7217 - Wire of iron or non-alloy steel
- 2.73% (17.7 million US$): 7225 - Flat-rolled products of other alloy steel, of a width of 600 mm or more
- 1.4% (9.14 million US$): 7211 - Flat-rolled products of iron or non-alloy steel, of a width of less than 600 mm, not clad, plated or coated
- 1.2% (7.84 million US$): 7209 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, cold-rolled (cold-reduced), not clad, plated or coated
- 0.985% (6.4 million US$): 7219 - Flat-rolled products of stainless steel, of a width of 600 mm or more
