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Who buys India’s steel? Export destinations 2024

In 2024, India exported $7.6 billion of steel (7.7 million tonnes), 2.2% of the world total. Its main destinations were Italy (19%), the United Kingdom (7%) and Spain (6%). India was the world’s 15th-largest exporter of steel.

Summary

Value
$7.6billion
Tonnes
7.7million tonnes
Share of world total
2.2%
World rank
15th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Italy1.5Tonnes: 1,852,435USD per tonne: $78619.1%Sea
United Kingdom0.52Tonnes: 737,064USD per tonne: $7026.8%Sea
Spain0.48Tonnes: 570,673USD per tonne: $8366.3%Sea
United Arab Emirates0.43Tonnes: 397,590USD per tonne: $1,0755.6%Sea
Nepal0.36Tonnes: 636,386USD per tonne: $5614.7%Land
United States0.35Tonnes: 183,060USD per tonne: $1,8864.5%Sea
Germany0.29Tonnes: 124,801USD per tonne: $2,3513.8%Sea
Poland0.25Tonnes: 193,084USD per tonne: $1,2823.2%Sea
Belgium re-exports0.19Tonnes: 297,227USD per tonne: $6492.5%Sea
Turkey0.18Tonnes: 118,018USD per tonne: $1,5672.4%Sea
France0.17Tonnes: 150,816USD per tonne: $1,1262.2%Sea
Tunisia0.17Tonnes: 31,532USD per tonne: $1,3752.2%Sea
Vietnam0.16Tonnes: 226,688USD per tonne: $7142.1%Sea
South Korea0.16Tonnes: 66,697USD per tonne: $2,3912.1%Sea
Portugal0.14Tonnes: 159,164USD per tonne: $9061.9%Sea
Russia0.13Tonnes: 52,603USD per tonne: $2,4761.7%Sea
Denmark0.13Tonnes: 154,770USD per tonne: $8391.7%Sea
Indonesia0.12Tonnes: 182,483USD per tonne: $6781.6%Sea
Mexico0.12Tonnes: 53,541USD per tonne: $2,2601.6%Sea
Netherlands re-exports0.12Tonnes: 43,227USD per tonne: $2,7911.6%Sea

Trend

Who it sells to

Italy has been its main destination since 2021

Value in USD billions. The five largest destinations in 2024.

  • Italy 1.5
  • United Kingdom 0.52
  • Spain 0.48
  • United Arab Emirates 0.43
  • Nepal 0.36

Source: CEPII BACI

Show the numbers
Partner19952024
Italy0.031.5
United Kingdom0.020.52
Spain< 0.010.48
United Arab Emirates0.030.43
Nepal0.020.36

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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