The 2023 IIHF Women's World Championship Division III consisted of two international ice hockey tournaments of the 2023 Women's Ice Hockey World Championships organized by the International Ice Hockey Federation (IIHF). Division III A and Division III B represent the sixth and seventh tier of the IIHF World Women's Championship.
Hong Kong took the Group A tournament and got promoted, while Estonia were relegated to Group B. Serbia won the Group B tournament and were promoted to Group A.