2023
Exports
$594MWorld Rnk 61 / 219
Flag Rnk 8 / 95
2023
PRODUCT COMPLEXITY IN Iron & steel
1.66Rnk 26 / 1025
2023
Imports
$336MWorld Rnk 103 / 224
Flag Rnk 25 / 96
2023
ECONOMIC COMPLEXITY of Qatar
-0.33Rnk 78 / 132

About

Exports In 2023, Qatar exported $594M in Iron & steel, making it the 61st largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 8th most exported product in Qatar. The main destination of Iron & steel exports from Qatar are: Hong Kong ($204M), Singapore ($77.3M), United Arab Emirates ($72.4M), India ($60.1M), and Kuwait ($58.7M).

The fastest growing export markets for Iron & steel of Qatar between 2022 and 2023 were Hong Kong ($132M), United Arab Emirates ($54.2M), and Morocco ($36.2M).

Imports In 2023, Qatar imported $336M in Iron & steel, becoming the 103rd largest importer of Iron & steel in the world. At the same year, Iron & steel was the 25th most imported product in Qatar. Qatar imports Iron & steel primarily from: China ($131M), India ($51.5M), United Arab Emirates ($48M), South Korea ($25.9M), and Oman ($10.8M).

The fastest growing import markets in Iron & steel for Qatar between 2022 and 2023 were Romania ($5.6M), South Korea ($2.07M), and Vietnam ($1.9M).

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 & 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 (2023)$594M
IMPORTS (2023)$336M
NET TRADE (2023)$257M

In 2023, Qatar exported $594M in Iron & steel. The main destinations of Qatar exports on Iron & steel were Hong Kong ($204M), Singapore ($77.3M), United Arab Emirates ($72.4M), India ($60.1M), and Kuwait ($58.7M).

In 2023, Qatar imported $336M in Iron & steel, mainly from China ($131M), India ($51.5M), United Arab Emirates ($48M), South Korea ($25.9M), and Oman ($10.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR Qatar WERE (2022 - 2023):
Hong Kong$132M (185%)
Morocco$36.2M (23.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY Qatar WERE (2022 - 2023):
Kuwait-$150M (-71.9%)
United States-$23.7M (-99.4%)
Egypt-$20.5M (-99.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Qatar's main exporting competitors in Iron & steel were:
China $66.2B
Germany $32.6B
Japan $31.6B
In 2023, Qatar'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 POTENTIALUnited Arab Emirates+ $3.7M
TOP IMPORT POTENTIALChina+ $30.7M

Iron & steel’s highest export potential is United Arab Emirates. With an export gap of $3.7M.   Iron & steel’s highest import potential is China with an import gap of $30.7M.

See methodology.

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