2022
Exports
$4.9BWorld Rnk 22 / 226
Flag Rnk 10 / 96
2022
PRODUCT COMPLEXITY IN Iron or steel articles
1.68Rnk 27 / 1025
2022
Imports
$4.58BWorld Rnk 26 / 225
Flag Rnk 8 / 96
2022
ECONOMIC COMPLEXITY of United Arab Emirates
0.24Rnk 53 / 133

About

Exports In 2022, United Arab Emirates exported $4.9B in Iron or steel articles, making it the 22nd largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 10th most exported product in United Arab Emirates. The main destination of Iron or steel articles exports from United Arab Emirates are: Saudi Arabia ($778M), United States ($582M), India ($557M), Oman ($487M), and Kuwait ($411M).

The fastest growing export markets for Iron or steel articles of United Arab Emirates between 2021 and 2022 were Saudi Arabia ($334M), Kuwait ($296M), and India ($275M).

Imports In 2022, United Arab Emirates imported $4.58B in Iron or steel articles, becoming the 26th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 8th most imported product in United Arab Emirates. United Arab Emirates imports Iron or steel articles primarily from: China ($1.93B), India ($443M), Japan ($233M), Italy ($210M), and Bahrain ($172M).

The fastest growing import markets in Iron or steel articles for United Arab Emirates between 2021 and 2022 were China ($501M), Japan ($97M), and Bahrain ($63.6M).

COMPANIES In 2023, leading companies such as Victaulic (3) and John Deere (1) were at the forefront of shipping Iron or steel articles from United Arab Emirates to the United States.

Latest Trends

Oct 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 or steel articles. 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)$4.9B
IMPORTS (2022)$4.58B
NET TRADE (2022)$325M

In 2022, United Arab Emirates exported $4.9B in Iron or steel articles. The main destinations of United Arab Emirates exports on Iron or steel articles were Saudi Arabia ($778M), United States ($582M), India ($557M), Oman ($487M), and Kuwait ($411M).

In 2022, United Arab Emirates imported $4.58B in Iron or steel articles, mainly from China ($1.93B), India ($443M), Japan ($233M), Italy ($210M), and Bahrain ($172M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR United Arab Emirates WERE (2021 - 2022):
Saudi Arabia$334M (75.2%)
Kuwait$296M (258%)
India$275M (97.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY United Arab Emirates WERE (2021 - 2022):
Thailand-$192M (-85.6%)
Iran-$42.8M (-92.4%)
Norway-$38.8M (-89.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, United Arab Emirates's main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, United Arab Emirates's main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $43.9M
TOP IMPORT POTENTIALIndia+ $73.2M

Iron or steel articles’s highest export potential is India. With an export gap of $43.9M.   Iron or steel articles’s highest import potential is India with an import gap of $73.2M.

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