2022
Exports
$340kWorld Rnk 56 / 114
Flag Rnk 622 / 1100
2022
PRODUCT COMPLEXITY IN Iron Ingots
-1.39Rnk 930 / 1025
2022
Imports
$1.04MWorld Rnk 53 / 172
Flag Rnk 992 / 1197
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

Exports In 2022, Saudi Arabia exported $340k in Iron Ingots, making it the 56th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 622nd most exported product in Saudi Arabia. The main destination of Iron Ingots exports from Saudi Arabia are: Kuwait ($320k), United Arab Emirates ($12.1k), Bahrain ($7.23k), Turkey ($1.26k), and Oman ($12).

The fastest growing export markets for Iron Ingots of Saudi Arabia between 2021 and 2022 were United Arab Emirates ($12.1k), Bahrain ($1.52k), and Turkey ($1.26k).

Imports In 2022, Saudi Arabia imported $1.04M in Iron Ingots, becoming the 53rd largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 992nd most imported product in Saudi Arabia. Saudi Arabia imports Iron Ingots primarily from: Nigeria ($500k), United Arab Emirates ($330k), India ($119k), United States ($56.1k), and United Kingdom ($21.4k).

The fastest growing import markets in Iron Ingots for Saudi Arabia between 2021 and 2022 were Nigeria ($500k), India ($20k), and United Kingdom ($3.01k).

Latest Trends

Oct 2024

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 Iron Ingots. 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 (2022)$340k
IMPORTS (2022)$1.04M
NET TRADE (2022)-$698k

In 2022, Saudi Arabia exported $340k in Iron Ingots. The main destinations of Saudi Arabia exports on Iron Ingots were Kuwait ($320k), United Arab Emirates ($12.1k), Bahrain ($7.23k), Turkey ($1.26k), and Oman ($12).

In 2022, Saudi Arabia imported $1.04M in Iron Ingots, mainly from Nigeria ($500k), United Arab Emirates ($330k), India ($119k), United States ($56.1k), and United Kingdom ($21.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
Bahrain$1.52k (26.6%)
Turkey$1.26k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Saudi Arabia WERE (2021 - 2022):
Kuwait-$113k (-26.1%)
Nepal-$12 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Iron Ingots were:
India $189M
China $107M
Iran $76.9M
In 2022, Saudi Arabia's main importing competitors in Iron Ingots were:

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $17.5k
TOP IMPORT POTENTIALIndia+ $172k

Iron Ingots’s highest export potential is United Arab Emirates. With an export gap of $17.5k.   Iron Ingots’s highest import potential is India with an import gap of $172k.

See methodology.

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