2023
Exports
$16.1MWorld Rnk 48 / 127
Flag Rnk 242 / 1148
2023
PRODUCT COMPLEXITY IN Iron Ore
-1.87Rnk 987 / 1025
2023
Imports
$1.05BWorld Rnk 14 / 125
Flag Rnk 36 / 1206
2023
ECONOMIC COMPLEXITY of Saudi Arabia
0.76Rnk 36 / 132

About

Exports In 2023, Saudi Arabia exported $16.1M in Iron Ore, making it the 48th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 242nd most exported product in Saudi Arabia. The main destination of Iron Ore exports from Saudi Arabia are: Malaysia ($7.03M), Indonesia ($4.06M), China ($3.77M), Jordan ($1.23M), and France ($12.7k).

The fastest growing export markets for Iron Ore of Saudi Arabia between 2022 and 2023 were Malaysia ($7.03M), Indonesia ($4.06M), and China ($3.77M).

Imports In 2023, Saudi Arabia imported $1.05B in Iron Ore, becoming the 14th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 36th most imported product in Saudi Arabia. Saudi Arabia imports Iron Ore primarily from: Oman ($416M), Sweden ($271M), Bahrain ($249M), Vietnam ($113M), and India ($5.43M).

The fastest growing import markets in Iron Ore for Saudi Arabia between 2022 and 2023 were Vietnam ($113M), Oman ($86.5M), and India ($5.27M).

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 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 (2023)$16.1M
IMPORTS (2023)$1.05B
NET TRADE (2023)-$1.04B

In 2023, Saudi Arabia exported $16.1M in Iron Ore. The main destinations of Saudi Arabia exports on Iron Ore were Malaysia ($7.03M), Indonesia ($4.06M), China ($3.77M), Jordan ($1.23M), and France ($12.7k).

In 2023, Saudi Arabia imported $1.05B in Iron Ore, mainly from Oman ($416M), Sweden ($271M), Bahrain ($249M), Vietnam ($113M), and India ($5.43M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Saudi Arabia WERE (2022 - 2023):
Malaysia$7.03M (1%)
Indonesia$4.06M (1%)
China$3.77M (381k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Saudi Arabia WERE (2022 - 2023):
Jordan-$1.85M (-60.2%)
United Arab Emirates-$2.4k (-100%)
Netherlands-$70 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Saudi Arabia's main exporting competitors in Iron Ore were:
In 2023, Saudi Arabia'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+ $27.5k
TOP IMPORT POTENTIALBrazil+ $50.6M

Iron Ore’s highest export potential is China. With an export gap of $27.5k.   Iron Ore’s highest import potential is Brazil with an import gap of $50.6M.

See methodology.

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