2023
Exports
$11.9MWorld Rnk 23 / 99
Flag Rnk 283 / 1148
2023
PRODUCT COMPLEXITY IN Iron Reductions
-1.12Rnk 860 / 1025
2023
Imports
$1.02BWorld Rnk 1 / 142
Flag Rnk 39 / 1206
2023
ECONOMIC COMPLEXITY of Saudi Arabia
0.76Rnk 36 / 132

About

Exports In 2023, Saudi Arabia exported $11.9M in Iron Reductions, making it the 23rd largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 283rd most exported product in Saudi Arabia. The main destination of Iron Reductions exports from Saudi Arabia are: Kuwait ($11.9M) and Oman ($8.28k).

The fastest growing export markets for Iron Reductions of Saudi Arabia between 2022 and 2023 were Kuwait ($11.9M) and Oman ($8.28k).

Imports In 2023, Saudi Arabia imported $1.02B in Iron Reductions, becoming the 1st largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 39th most imported product in Saudi Arabia. Saudi Arabia imports Iron Reductions primarily from: Sweden ($303M), Bahrain ($239M), Oman ($224M), Vietnam ($204M), and China ($27.8M).

The fastest growing import markets in Iron Reductions for Saudi Arabia between 2022 and 2023 were Vietnam ($167M), China ($25.4M), and India ($4.39M).

Latest Trends

Dec 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 Reductions. 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)$11.9M
IMPORTS (2023)$1.02B
NET TRADE (2023)-$1.01B

In 2023, Saudi Arabia exported $11.9M in Iron Reductions. The main destinations of Saudi Arabia exports on Iron Reductions were Kuwait ($11.9M) and Oman ($8.28k).

In 2023, Saudi Arabia imported $1.02B in Iron Reductions, mainly from Sweden ($303M), Bahrain ($239M), Oman ($224M), Vietnam ($204M), and China ($27.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Saudi Arabia WERE (2022 - 2023):
Kuwait$11.9M (3.64M%)
Oman$8.28k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Saudi Arabia WERE (2022 - 2023):
India-$43.8k (-100%)
South Africa-$19 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Saudi Arabia's main exporting competitors in Iron Reductions were:
In 2023, Saudi Arabia's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $28.4k
TOP IMPORT POTENTIALUnited Arab Emirates+ $250k

Iron Reductions’s highest export potential is India. With an export gap of $28.4k.   Iron Reductions’s highest import potential is United Arab Emirates with an import gap of $250k.

See methodology.

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