2022
Exports
$19.4MWorld Rnk 21 / 89
Flag Rnk 116 / 1042
2022
PRODUCT COMPLEXITY IN Iron Reductions
-1.54Rnk 951 / 1025
2022
Imports
$229MWorld Rnk 9 / 144
Flag Rnk 31 / 1175
2022
ECONOMIC COMPLEXITY of Oman
-0.19Rnk 75 / 133

About

Exports In 2022, Oman exported $19.4M in Iron Reductions, making it the 21st largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 116th most exported product in Oman. The main destination of Iron Reductions exports from Oman are: Pakistan ($17M), India ($2.3M), Yemen ($5.87k), and United Arab Emirates ($3.04k).

The fastest growing export markets for Iron Reductions of Oman between 2021 and 2022 were Pakistan ($7.24M) and India ($2.3M).

Imports In 2022, Oman imported $229M in Iron Reductions, becoming the 9th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 31st most imported product in Oman. Oman imports Iron Reductions primarily from: Pakistan ($158M), Bahrain ($36M), Russia ($20.9M), United Arab Emirates ($13.9M), and China ($120k).

The fastest growing import markets in Iron Reductions for Oman between 2021 and 2022 were Bahrain ($12M) and China ($120k).

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 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 (2022)$19.4M
IMPORTS (2022)$229M
NET TRADE (2022)-$210M

In 2022, Oman exported $19.4M in Iron Reductions. The main destinations of Oman exports on Iron Reductions were Pakistan ($17M), India ($2.3M), Yemen ($5.87k), and United Arab Emirates ($3.04k).

In 2022, Oman imported $229M in Iron Reductions, mainly from Pakistan ($158M), Bahrain ($36M), Russia ($20.9M), United Arab Emirates ($13.9M), and China ($120k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Oman WERE (2021 - 2022):
Pakistan$7.24M (73.7%)
India$2.3M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Oman WERE (2021 - 2022):
Saudi Arabia-$565M (-100%)
China-$19.7M (-100%)
Germany-$2.65M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Oman's main exporting competitors in Iron Reductions were:
In 2022, 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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