2023
Exports
$3.27BWorld Rnk 2 / 125
Flag Rnk 4 / 1051
2023
PRODUCT COMPLEXITY IN Semi-Finished Iron
-0.94Rnk 812 / 1025
2023
Imports
$374MWorld Rnk 24 / 189
Flag Rnk 15 / 1178
2023
ECONOMIC COMPLEXITY of Oman
-0.32Rnk 76 / 132

About

Exports In 2023, Oman exported $3.27B in Semi-Finished Iron, making it the 2nd largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 4th most exported product in Oman. The main destination of Semi-Finished Iron exports from Oman are: Indonesia ($1.04B), Saudi Arabia ($587M), Thailand ($481M), China ($438M), and Turkey ($148M).

The fastest growing export markets for Semi-Finished Iron of Oman between 2022 and 2023 were Malaysia ($139M), Dominican Republic ($52.8M), and Morocco ($29.5M).

Imports In 2023, Oman imported $374M in Semi-Finished Iron, becoming the 24th largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 15th most imported product in Oman. Oman imports Semi-Finished Iron primarily from: India ($233M), Iraq ($84.6M), Pakistan ($48.5M), United Arab Emirates ($7.12M), and Bahrain ($119k).

The fastest growing import markets in Semi-Finished Iron for Oman between 2022 and 2023 were India ($219M), Bahrain ($114k), and Egypt ($94.9k).

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 Semi-Finished 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)$3.27B
IMPORTS (2023)$374M
NET TRADE (2023)$2.89B

In 2023, Oman exported $3.27B in Semi-Finished Iron. The main destinations of Oman exports on Semi-Finished Iron were Indonesia ($1.04B), Saudi Arabia ($587M), Thailand ($481M), China ($438M), and Turkey ($148M).

In 2023, Oman imported $374M in Semi-Finished Iron, mainly from India ($233M), Iraq ($84.6M), Pakistan ($48.5M), United Arab Emirates ($7.12M), and Bahrain ($119k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Semi-Finished Iron EXPORT MARKETS FOR Oman WERE (2022 - 2023):
Malaysia$139M (1%)
Morocco$29.5M (167%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semi-Finished Iron BY Oman WERE (2022 - 2023):
Thailand-$336M (-41.2%)
Indonesia-$115M (-9.96%)
Saudi Arabia-$59.7M (-9.23%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Oman's main exporting competitors in Semi-Finished Iron were:
Russia $6.75B
Brazil $3.13B
In 2023, Oman's main importing competitors in Semi-Finished Iron were:

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Trade Value of Semi-Finished Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $125M
TOP IMPORT POTENTIALIndia+ $7.95M

Semi-Finished Iron’s highest export potential is China. With an export gap of $125M.   Semi-Finished Iron’s highest import potential is India with an import gap of $7.95M.

See methodology.

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