2023
Exports
$5.01MWorld Rnk 68 / 153
Flag Rnk 214 / 1051
2023
PRODUCT COMPLEXITY IN Hot-Rolled Iron
0.54Rnk 355 / 1025
2023
Imports
$293MWorld Rnk 46 / 211
Flag Rnk 22 / 1178
2023
ECONOMIC COMPLEXITY of Oman
-0.32Rnk 76 / 132

About

Exports In 2023, Oman exported $5.01M in Hot-Rolled Iron, making it the 68th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 214th most exported product in Oman. The main destination of Hot-Rolled Iron exports from Oman are: United Arab Emirates ($3.39M), Djibouti ($408k), Bahrain ($388k), Somalia ($221k), and Qatar ($177k).

The fastest growing export markets for Hot-Rolled Iron of Oman between 2022 and 2023 were United Arab Emirates ($612k), Djibouti ($408k), and Saudi Arabia ($73.5k).

Imports In 2023, Oman imported $293M in Hot-Rolled Iron, becoming the 46th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 22nd most imported product in Oman. Oman imports Hot-Rolled Iron primarily from: China ($107M), South Korea ($72.9M), United Arab Emirates ($63M), India ($43.3M), and Saudi Arabia ($5.98M).

The fastest growing import markets in Hot-Rolled Iron for Oman between 2022 and 2023 were China ($46.8M), South Korea ($15.2M), and United Arab Emirates ($6.21M).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Hot-Rolled Iron. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5.01M
IMPORTS (2023)$293M
NET TRADE (2023)-$288M

In 2023, Oman exported $5.01M in Hot-Rolled Iron. The main destinations of Oman exports on Hot-Rolled Iron were United Arab Emirates ($3.39M), Djibouti ($408k), Bahrain ($388k), Somalia ($221k), and Qatar ($177k).

In 2023, Oman imported $293M in Hot-Rolled Iron, mainly from China ($107M), South Korea ($72.9M), United Arab Emirates ($63M), India ($43.3M), and Saudi Arabia ($5.98M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Oman WERE (2022 - 2023):
Djibouti$408k (1%)
Saudi Arabia$73.5k (72.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Oman WERE (2022 - 2023):
Pakistan-$420k (-98.8%)
Yemen-$287k (-74.8%)
Bahrain-$279k (-41.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Oman's main exporting competitors in Hot-Rolled Iron were:
China $16.4B
Japan $10.4B
In 2023, Oman's main importing competitors in Hot-Rolled Iron were:

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Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $1.72M
TOP IMPORT POTENTIALChina+ $13.4M

Hot-Rolled Iron’s highest export potential is United Arab Emirates. With an export gap of $1.72M.   Hot-Rolled Iron’s highest import potential is China with an import gap of $13.4M.

See methodology.

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