2022
Exports
$5.48BWorld Rnk 30 / 223
Flag Rnk 8 / 96
2022
PRODUCT COMPLEXITY IN Iron & steel
1.68Rnk 28 / 1025
2022
Imports
$5.81BWorld Rnk 26 / 225
Flag Rnk 7 / 96
2022
ECONOMIC COMPLEXITY of United Arab Emirates
0.24Rnk 53 / 133

About

Exports In 2022, United Arab Emirates exported $5.48B in Iron & steel, making it the 30th largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 8th most exported product in United Arab Emirates. The main destination of Iron & steel exports from United Arab Emirates are: India ($979M), Kuwait ($590M), Saudi Arabia ($475M), Israel ($432M), and Oman ($307M).

The fastest growing export markets for Iron & steel of United Arab Emirates between 2021 and 2022 were Israel ($405M), Kuwait ($377M), and Hong Kong ($198M).

Imports In 2022, United Arab Emirates imported $5.81B in Iron & steel, becoming the 26th largest importer of Iron & steel in the world. At the same year, Iron & steel was the 7th most imported product in United Arab Emirates. United Arab Emirates imports Iron & steel primarily from: China ($1.85B), India ($1.36B), Oman ($473M), Japan ($343M), and Saudi Arabia ($213M).

The fastest growing import markets in Iron & steel for United Arab Emirates between 2021 and 2022 were China ($504M), Japan ($261M), and Australia ($113M).

COMPANIES In 2023, leading companies such as Pernod Ricard (1) were at the forefront of shipping Iron & steel from United Arab Emirates to the United States.

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 & steel. 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)$5.48B
IMPORTS (2022)$5.81B
NET TRADE (2022)-$330M

In 2022, United Arab Emirates exported $5.48B in Iron & steel. The main destinations of United Arab Emirates exports on Iron & steel were India ($979M), Kuwait ($590M), Saudi Arabia ($475M), Israel ($432M), and Oman ($307M).

In 2022, United Arab Emirates imported $5.81B in Iron & steel, mainly from China ($1.85B), India ($1.36B), Oman ($473M), Japan ($343M), and Saudi Arabia ($213M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR United Arab Emirates WERE (2021 - 2022):
Israel$405M (1.49k%)
Kuwait$377M (177%)
Hong Kong$198M (1.62k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY United Arab Emirates WERE (2021 - 2022):
Iran-$312M (-99.5%)
China-$190M (-48.4%)
Pakistan-$164M (-42.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, United Arab Emirates's main exporting competitors in Iron & steel were:
China $69.8B
Germany $36.9B
Japan $35.7B
In 2022, United Arab Emirates's main importing competitors in Iron & steel were:

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Trade Value of Iron & steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $68.6M
TOP IMPORT POTENTIALSouth Korea+ $59.9M

Iron & steel’s highest export potential is China. With an export gap of $68.6M.   Iron & steel’s highest import potential is South Korea with an import gap of $59.9M.

See methodology.

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