2022
Exports
$17.5MWorld Rnk 98 / 212
Flag Rnk 130 / 1042
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$15.8MWorld Rnk 62 / 187
Flag Rnk 311 / 1175
2022
ECONOMIC COMPLEXITY of Oman
-0.19Rnk 75 / 133

About

Exports In 2022, Oman exported $17.5M in Scrap Iron, making it the 98th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 130th most exported product in Oman. The main destination of Scrap Iron exports from Oman are: Pakistan ($9.39M), India ($7.05M), United Arab Emirates ($712k), Malaysia ($180k), and Hong Kong ($95.8k).

The fastest growing export markets for Scrap Iron of Oman between 2021 and 2022 were Pakistan ($787k), United Arab Emirates ($544k), and Malaysia ($161k).

Imports In 2022, Oman imported $15.8M in Scrap Iron, becoming the 62nd largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 311th most imported product in Oman. Oman imports Scrap Iron primarily from: Morocco ($12.7M), United Arab Emirates ($1.83M), Germany ($290k), South Africa ($249k), and Canada ($225k).

The fastest growing import markets in Scrap Iron for Oman between 2021 and 2022 were Morocco ($2.96M), Canada ($225k), and South Africa ($129k).

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 Scrap Iron. 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)$17.5M
IMPORTS (2022)$15.8M
NET TRADE (2022)$1.69M

In 2022, Oman exported $17.5M in Scrap Iron. The main destinations of Oman exports on Scrap Iron were Pakistan ($9.39M), India ($7.05M), United Arab Emirates ($712k), Malaysia ($180k), and Hong Kong ($95.8k).

In 2022, Oman imported $15.8M in Scrap Iron, mainly from Morocco ($12.7M), United Arab Emirates ($1.83M), Germany ($290k), South Africa ($249k), and Canada ($225k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Oman WERE (2021 - 2022):
Pakistan$787k (9.15%)
Malaysia$161k (866%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Oman WERE (2021 - 2022):
India-$1.58M (-18.3%)
Iran-$31.6k (-100%)
Somalia-$3.48k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Oman's main exporting competitors in Scrap Iron were:
In 2022, Oman's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $6.96M
TOP IMPORT POTENTIALUnited Arab Emirates+ $1.48M

Scrap Iron’s highest export potential is India. With an export gap of $6.96M.   Scrap Iron’s highest import potential is United Arab Emirates with an import gap of $1.48M.

See methodology.

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