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Heading 7203 · Section XV

7203

Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or the like; iron having a minimum purity of 99.94%, in lumps, pellets or similar forms

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India's exports of 7203 2025

US$ 473 mn

exported in , up 4.0% on , to 26 countries.

Five-year trend

20212022202320242025

Top 5 markets in 2025

  1. 1 Nepal US$ 326 mn68.9% share +5.6%
  2. 2 Bangladesh US$ 112 mn23.6% share −8.3%
  3. 3 Bhutan US$ 29.5 mn6.2% share +54.2%
  4. 4 Armenia US$ 1.6 mn0.3% share +150.5%
  5. 5 United States US$ 966 thousand0.2% share −14.7%
Other 21 countriesUS$ 3.4 mn · 0.7%
Source: UN Comtrade database (United Nations Statistics Division), as reported by India. Values in US$, calendar years. Updated Oct 2026. Check these markets' country risk ›

Where India sells it 52 markets

Every market for this product, with its growth, share, ECGC rating and any trade agreement with India. Use it to spot markets that are growing, sizeable and low-risk.

MarketValue 2025ShareChangeYearly growthECGC ratingTrade agreement

ECGC ratings are ECGC's short-term country classification (see the ratings page); putting them beside trade figures is Exportsmitra's own analysis, not ECGC's. Yearly growth is the average over the years shown.

Subheadings 2

Source: Harmonized System 2022 edition (World Customs Organization), from the UN Comtrade classification list.