2022
Exports
$44.8kWorld Rnk 65 / 89
Flag Rnk 841 / 1100
2022
PRODUCT COMPLEXITY IN Iron Reductions
-1.54Rnk 951 / 1025
2022
Imports
$2.08MWorld Rnk 46 / 144
Flag Rnk 924 / 1197
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

Exports In 2022, Saudi Arabia exported $44.8k in Iron Reductions, making it the 65th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 841st most exported product in Saudi Arabia. The main destination of Iron Reductions exports from Saudi Arabia are: India ($43.8k), Kuwait ($957), and South Africa ($19).

The fastest growing export markets for Iron Reductions of Saudi Arabia between 2021 and 2022 were India ($43.8k) and Kuwait ($957).

Imports In 2022, Saudi Arabia imported $2.08M in Iron Reductions, becoming the 46th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 924th most imported product in Saudi Arabia. Saudi Arabia imports Iron Reductions primarily from: Kuwait ($1.69M), United Arab Emirates ($357k), Jordan ($16.3k), Italy ($13.4k), and France ($10.9k).

The fastest growing import markets in Iron Reductions for Saudi Arabia between 2021 and 2022 were Kuwait ($1.69M), United Arab Emirates ($233k), and Italy ($10.3k).

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)$44.8k
IMPORTS (2022)$2.08M
NET TRADE (2022)-$2.04M

In 2022, Saudi Arabia exported $44.8k in Iron Reductions. The main destinations of Saudi Arabia exports on Iron Reductions were India ($43.8k), Kuwait ($957), and South Africa ($19).

In 2022, Saudi Arabia imported $2.08M in Iron Reductions, mainly from Kuwait ($1.69M), United Arab Emirates ($357k), Jordan ($16.3k), Italy ($13.4k), and France ($10.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
India$43.8k (1%)
Kuwait$957 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Saudi Arabia WERE (2021 - 2022):
Oman-$22.8k (-100%)
South Africa-$785 (-97.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Iron Reductions were:
In 2022, Saudi Arabia'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+ $28.4k
TOP IMPORT POTENTIALUnited Arab Emirates+ $250k

Iron Reductions’s highest export potential is India. With an export gap of $28.4k.   Iron Reductions’s highest import potential is United Arab Emirates with an import gap of $250k.

See methodology.

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