2023
Exports
$1.07BWorld Rnk 38 / 226
Flag Rnk 15 / 96
2023
PRODUCT COMPLEXITY IN Iron or steel articles
1.67Rnk 25 / 1025
2023
Imports
$5.78BWorld Rnk 17 / 226
Flag Rnk 7 / 96
2023
ECONOMIC COMPLEXITY of Saudi Arabia
0.76Rnk 36 / 132

About

Exports In 2023, Saudi Arabia exported $1.07B in Iron or steel articles, making it the 38th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 15th most exported product in Saudi Arabia. The main destination of Iron or steel articles exports from Saudi Arabia are: Chile ($346M), United Arab Emirates ($284M), United States ($102M), Kuwait ($68.6M), and Oman ($30.6M).

The fastest growing export markets for Iron or steel articles of Saudi Arabia between 2022 and 2023 were Chile ($317M), United Arab Emirates ($110M), and Colombia ($13.6M).

Imports In 2023, Saudi Arabia imported $5.78B in Iron or steel articles, becoming the 17th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 7th most imported product in Saudi Arabia. Saudi Arabia imports Iron or steel articles primarily from: China ($1.62B), United Arab Emirates ($718M), India ($503M), South Korea ($322M), and Italy ($280M).

The fastest growing import markets in Iron or steel articles for Saudi Arabia between 2022 and 2023 were United Arab Emirates ($260M), India ($211M), and South Korea ($169M).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$1.07B
IMPORTS (2023)$5.78B
NET TRADE (2023)-$4.7B

In 2023, Saudi Arabia exported $1.07B in Iron or steel articles. The main destinations of Saudi Arabia exports on Iron or steel articles were Chile ($346M), United Arab Emirates ($284M), United States ($102M), Kuwait ($68.6M), and Oman ($30.6M).

In 2023, Saudi Arabia imported $5.78B in Iron or steel articles, mainly from China ($1.62B), United Arab Emirates ($718M), India ($503M), South Korea ($322M), and Italy ($280M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Saudi Arabia WERE (2022 - 2023):
Chile$317M (1.07k%)
Colombia$13.6M (539%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Saudi Arabia WERE (2022 - 2023):
United States-$136M (-57%)
Oman-$44.1M (-59%)
Kuwait-$26.3M (-27.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Saudi Arabia's main exporting competitors in Iron or steel articles were:
In 2023, Saudi Arabia's main importing competitors in Iron or steel articles were:

Explore Visualizations

Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $26.8M
TOP IMPORT POTENTIALChina+ $289M

Iron or steel articles’s highest export potential is United States. With an export gap of $26.8M.   Iron or steel articles’s highest import potential is China with an import gap of $289M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with