2022
Exports
$2.27BWorld Rnk 8 / 128
Flag Rnk 6 / 1042
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.79Rnk 980 / 1025
2022
Imports
$1.28BWorld Rnk 12 / 130
Flag Rnk 3 / 1175
2022
ECONOMIC COMPLEXITY of Oman
-0.19Rnk 75 / 133

About

Exports In 2022, Oman exported $2.27B in Iron Ore, making it the 8th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 6th most exported product in Oman. The main destination of Iron Ore exports from Oman are: Saudi Arabia ($757M), Egypt ($569M), United Arab Emirates ($371M), Qatar ($171M), and Libya ($136M).

The fastest growing export markets for Iron Ore of Oman between 2021 and 2022 were Saudi Arabia ($438M), Egypt ($321M), and Qatar ($171M).

Imports In 2018, Oman imported $1.28B in Iron Ore, becoming the 12th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 3rd most imported product in Oman. Oman imports Iron Ore primarily from: Brazil ($840M), Bahrain ($418M), Pakistan ($17.3M), India ($9.41M), and Netherlands ($57.8k).

The fastest growing import markets in Iron Ore for Oman between 2021 and 2022 were Bahrain ($70.7M), Pakistan ($17.3M), and Netherlands ($38.9k).

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 Ore. 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)$2.27B
IMPORTS (2022)$1.28B
NET TRADE (2022)$987M

In 2022, Oman exported $2.27B in Iron Ore. The main destinations of Oman exports on Iron Ore were Saudi Arabia ($757M), Egypt ($569M), United Arab Emirates ($371M), Qatar ($171M), and Libya ($136M).

In 2022, Oman imported $1.28B in Iron Ore, mainly from Brazil ($840M), Bahrain ($418M), Pakistan ($17.3M), India ($9.41M), and Netherlands ($57.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Oman WERE (2021 - 2022):
Saudi Arabia$438M (137%)
Egypt$321M (129%)
Qatar$171M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Oman WERE (2021 - 2022):
Trinidad and Tobago-$21.2M (-100%)
United States-$20.4M (-100%)
Yemen-$4.23M (-99.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Oman's main exporting competitors in Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, Oman's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $204M
TOP IMPORT POTENTIALIndia+ $13.1M

Iron Ore’s highest export potential is China. With an export gap of $204M.   Iron Ore’s highest import potential is India with an import gap of $13.1M.

See methodology.

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