2022
Exports
$5.08MWorld Rnk 23 / 114
Flag Rnk 218 / 1042
2022
PRODUCT COMPLEXITY IN Iron Ingots
-1.39Rnk 930 / 1025
2022
Imports
$3.09MWorld Rnk 37 / 172
Flag Rnk 602 / 1175
2022
ECONOMIC COMPLEXITY of Oman
-0.19Rnk 75 / 133

About

Exports In 2022, Oman exported $5.08M in Iron Ingots, making it the 23rd largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 218th most exported product in Oman. The main destination of Iron Ingots exports from Oman are: India ($4.69M), Netherlands ($331k), Pakistan ($43.9k), United Arab Emirates ($11.5k), and Yemen ($140).

The fastest growing export markets for Iron Ingots of Oman between 2021 and 2022 were India ($1.76M) and Netherlands ($331k).

Imports In 2022, Oman imported $3.09M in Iron Ingots, becoming the 37th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 602nd most imported product in Oman. Oman imports Iron Ingots primarily from: China ($1.74M), Belgium ($1.18M), Netherlands ($105k), United Arab Emirates ($45.8k), and India ($11.8k).

The fastest growing import markets in Iron Ingots for Oman between 2021 and 2022 were China ($1.52M), Belgium ($1.08M), and Netherlands ($105k).

Latest Trends

Sep 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 (2022)$5.08M
IMPORTS (2022)$3.09M
NET TRADE (2022)$1.99M

In 2022, Oman exported $5.08M in Iron Ingots. The main destinations of Oman exports on Iron Ingots were India ($4.69M), Netherlands ($331k), Pakistan ($43.9k), United Arab Emirates ($11.5k), and Yemen ($140).

In 2022, Oman imported $3.09M in Iron Ingots, mainly from China ($1.74M), Belgium ($1.18M), Netherlands ($105k), United Arab Emirates ($45.8k), and India ($11.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Oman WERE (2021 - 2022):
India$1.76M (60%)
Netherlands$331k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Oman WERE (2021 - 2022):
Jordan-$8.41M (-100%)
Pakistan-$1.32M (-96.8%)
Saudi Arabia-$43.5k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Oman's main exporting competitors in Iron Ingots were:
India $189M
China $107M
Iran $76.9M
In 2022, Oman's main importing competitors in Iron Ingots were:

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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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