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Steel Exports Report: Iran
Background
Iran was the world’s eighteenth-largest steel exporter in 2017. In 2018, Iran exported 9.2 million metric tons of steel, a 24 percent increase from 2017. Iran’s exports represented about 2 percent of all steel exported globally in 2017. The volume of Iran’s 2018 steel exports was less than 14 percent of that of the world’s largest exporter, China. In value terms, steel represented 8.7 percent of the total amount of goods Iran exported in 2018.
Iran exports steel to more than 120 countries and territories. The 10 countries highlighted in the map below represent the top markets for Iran’s exports of steel, receiving more than 200 thousand metric tons each and accounting for 88 percent of Iran’s total steel exports in 2018.
Since 2016, Iran has been a net exporter of steel products. Between 2009 and 2018, exports grew by 1084%, while imports declined by 84%. From 2009 through 2015, Iran maintained a significant trade deficit in steel products. Iran’s imports peaked in 2010 and have been steadily declining since. In 2018, Iran’s steel trade surplus amounted to 7.5 million metric tons, a 71% increase from 4.4 million metric tons in 2017.
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