2023
Exports
$4.12MWorld Rnk 25 / 107
Flag Rnk 225 / 1051
2023
PRODUCT COMPLEXITY IN Iron Ingots
-1.38Rnk 922 / 1025
2023
Imports
$587kWorld Rnk 62 / 175
Flag Rnk 837 / 1178
2023
ECONOMIC COMPLEXITY of Oman
-0.32Rnk 76 / 132

About

Exports In 2023, Oman exported $4.12M in Iron Ingots, making it the 25th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 225th most exported product in Oman. The main destination of Iron Ingots exports from Oman are: India ($3.29M), Qatar ($240k), Pakistan ($239k), Bahrain ($226k), and United Arab Emirates ($120k).

The fastest growing export markets for Iron Ingots of Oman between 2022 and 2023 were Qatar ($240k), Bahrain ($226k), and Pakistan ($195k).

Imports In 2023, Oman imported $587k in Iron Ingots, becoming the 62nd largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 837th most imported product in Oman. Oman imports Iron Ingots primarily from: N/A.

The fastest growing import markets in Iron Ingots for Oman between 2022 and 2023 were Netherlands ($67.9k), Saudi Arabia ($8.89k), and United States ($133).

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 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 (2023)$4.12M
IMPORTS (2023)$587k
NET TRADE (2023)$3.53M

In 2023, Oman exported $4.12M in Iron Ingots. The main destinations of Oman exports on Iron Ingots were India ($3.29M), Qatar ($240k), Pakistan ($239k), Bahrain ($226k), and United Arab Emirates ($120k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Oman WERE (2022 - 2023):
Qatar$240k (1%)
Bahrain$226k (1%)
Pakistan$195k (444%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Oman WERE (2022 - 2023):
India-$1.4M (-29.9%)
Netherlands-$331k (-100%)
Saudi Arabia-$3.47k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Oman's main exporting competitors in Iron Ingots were:
India $254M
China $65.3M
Italy $48.7M
In 2023, Oman's main importing competitors in Iron Ingots were:
Italy $238M
Jordan $67.8M
Spain $41.3M

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $24.3k
TOP IMPORT POTENTIALIndia+ $41.3k

Iron Ingots’s highest export potential is United Arab Emirates. With an export gap of $24.3k.   Iron Ingots’s highest import potential is India with an import gap of $41.3k.

See methodology.

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