2023
Exports
$38.9MWorld Rnk 72 / 207
Flag Rnk 83 / 1051
2023
PRODUCT COMPLEXITY IN Scrap Iron
-0.57Rnk 726 / 1025
2023
Imports
$20.6MWorld Rnk 62 / 177
Flag Rnk 250 / 1178
2023
ECONOMIC COMPLEXITY of Oman
-0.32Rnk 76 / 132

About

Exports In 2023, Oman exported $38.9M in Scrap Iron, making it the 72nd largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 83rd most exported product in Oman. The main destination of Scrap Iron exports from Oman are: India ($23.6M), Pakistan ($8.95M), United Arab Emirates ($5.11M), Malaysia ($1.25M), and Saudi Arabia ($1.86k).

The fastest growing export markets for Scrap Iron of Oman between 2022 and 2023 were United Arab Emirates ($4.73M), India ($4.21M), and Malaysia ($1.07M).

Imports In 2023, Oman imported $20.6M in Scrap Iron, becoming the 62nd largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 250th most imported product in Oman. Oman imports Scrap Iron primarily from: Morocco ($17.9M), Germany ($654k), South Africa ($626k), United Arab Emirates ($554k), and Malaysia ($504k).

The fastest growing import markets in Scrap Iron for Oman between 2022 and 2023 were Morocco ($4.2M), Malaysia ($386k), and Germany ($365k).

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 Scrap 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)$38.9M
IMPORTS (2023)$20.6M
NET TRADE (2023)$18.3M

In 2023, Oman exported $38.9M in Scrap Iron. The main destinations of Oman exports on Scrap Iron were India ($23.6M), Pakistan ($8.95M), United Arab Emirates ($5.11M), Malaysia ($1.25M), and Saudi Arabia ($1.86k).

In 2023, Oman imported $20.6M in Scrap Iron, mainly from Morocco ($17.9M), Germany ($654k), South Africa ($626k), United Arab Emirates ($554k), and Malaysia ($504k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Oman WERE (2022 - 2023):
United Arab Emirates$4.73M (1.25k%)
India$4.21M (21.7%)
Malaysia$1.07M (596%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Oman WERE (2022 - 2023):
Pakistan-$1.63M (-15.4%)
Hong Kong-$112k (-100%)
Germany-$99.4k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Oman's main exporting competitors in Scrap Iron were:
In 2023, Oman's main importing competitors in Scrap Iron were:
Turkey $7.59B
India $6.63B
Italy $2.59B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $6.96M
TOP IMPORT POTENTIALUnited Arab Emirates+ $1.48M

Scrap Iron’s highest export potential is India. With an export gap of $6.96M.   Scrap Iron’s highest import potential is United Arab Emirates with an import gap of $1.48M.

See methodology.

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