2023
Exports
$11.9MWorld Rnk 67 / 126
Flag Rnk 282 / 1148
2023
PRODUCT COMPLEXITY IN Ferroalloys
-1.33Rnk 905 / 1025
2023
Imports
$82.1MWorld Rnk 40 / 171
Flag Rnk 342 / 1206
2023
ECONOMIC COMPLEXITY of Saudi Arabia
0.76Rnk 36 / 132

About

Exports In 2023, Saudi Arabia exported $11.9M in Ferroalloys, making it the 67th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 282nd most exported product in Saudi Arabia. The main destination of Ferroalloys exports from Saudi Arabia are: United Arab Emirates ($8.34M), Oman ($1.66M), Japan ($471k), Syria ($404k), and Jordan ($248k).

The fastest growing export markets for Ferroalloys of Saudi Arabia between 2022 and 2023 were Japan ($471k), Syria ($404k), and Italy ($177k).

Imports In 2023, Saudi Arabia imported $82.1M in Ferroalloys, becoming the 40th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 342nd most imported product in Saudi Arabia. Saudi Arabia imports Ferroalloys primarily from: India ($30M), Russia ($19.6M), China ($17.6M), South Korea ($4.78M), and Norway ($1.92M).

The fastest growing import markets in Ferroalloys for Saudi Arabia between 2022 and 2023 were South Korea ($2.63M), South Africa ($1.11M), and Japan ($882k).

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 Ferroalloys. 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)$82.1M
NET TRADE (2023)-$70.2M

In 2023, Saudi Arabia exported $11.9M in Ferroalloys. The main destinations of Saudi Arabia exports on Ferroalloys were United Arab Emirates ($8.34M), Oman ($1.66M), Japan ($471k), Syria ($404k), and Jordan ($248k).

In 2023, Saudi Arabia imported $82.1M in Ferroalloys, mainly from India ($30M), Russia ($19.6M), China ($17.6M), South Korea ($4.78M), and Norway ($1.92M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Saudi Arabia WERE (2022 - 2023):
Japan$471k (1%)
Syria$404k (1%)
Italy$177k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Saudi Arabia WERE (2022 - 2023):
United Arab Emirates-$8.59M (-50.7%)
Spain-$3.38M (-100%)
Canada-$2.08M (-94.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $1.89M
TOP IMPORT POTENTIALIndia+ $11.7M

Ferroalloys’s highest export potential is Spain. With an export gap of $1.89M.   Ferroalloys’s highest import potential is India with an import gap of $11.7M.

See methodology.

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