2023
Exports
$267MWorld Rnk 7 / 99
Flag Rnk 24 / 1051
2023
PRODUCT COMPLEXITY IN Iron Reductions
-1.12Rnk 860 / 1025
2023
Imports
$481MWorld Rnk 3 / 142
Flag Rnk 10 / 1178
2023
ECONOMIC COMPLEXITY of Oman
-0.32Rnk 76 / 132

About

Exports In 2023, Oman exported $267M in Iron Reductions, making it the 7th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 24th most exported product in Oman. The main destination of Iron Reductions exports from Oman are: Saudi Arabia ($224M), Pakistan ($39M), Turkey ($2.79M), India ($1.19M), and United Arab Emirates ($4.12k).

The fastest growing export markets for Iron Reductions of Oman between 2022 and 2023 were Pakistan ($7.08M) and Turkey ($2.79M).

Imports In 2023, Oman imported $481M in Iron Reductions, becoming the 3rd largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 10th most imported product in Oman. Oman imports Iron Reductions primarily from: India ($175M), Pakistan ($172M), United Arab Emirates ($112M), Qatar ($10.9M), and Bahrain ($10.5M).

The fastest growing import markets in Iron Reductions for Oman between 2022 and 2023 were India ($175M), United Arab Emirates ($83.7M), and Qatar ($10.9M).

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 Reductions. 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)$267M
IMPORTS (2023)$481M
NET TRADE (2023)-$214M

In 2023, Oman exported $267M in Iron Reductions. The main destinations of Oman exports on Iron Reductions were Saudi Arabia ($224M), Pakistan ($39M), Turkey ($2.79M), India ($1.19M), and United Arab Emirates ($4.12k).

In 2023, Oman imported $481M in Iron Reductions, mainly from India ($175M), Pakistan ($172M), United Arab Emirates ($112M), Qatar ($10.9M), and Bahrain ($10.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Oman WERE (2022 - 2023):
Pakistan$7.08M (22.2%)
Turkey$2.79M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Oman WERE (2022 - 2023):
Saudi Arabia-$543M (-70.8%)
India-$1.11M (-48.2%)
Yemen-$5.87k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Oman's main exporting competitors in Iron Reductions were:
In 2023, Oman's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $323k
TOP IMPORT POTENTIALChina+ $228k

Iron Reductions’s highest export potential is India. With an export gap of $323k.   Iron Reductions’s highest import potential is China with an import gap of $228k.

See methodology.

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