2022
Exports
$88.3MWorld Rnk 58 / 212
Flag Rnk 98 / 1100
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$102MWorld Rnk 47 / 187
Flag Rnk 283 / 1197
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

Exports In 2022, Saudi Arabia exported $88.3M in Scrap Iron, making it the 58th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 98th most exported product in Saudi Arabia. The main destination of Scrap Iron exports from Saudi Arabia are: India ($85.9M), Japan ($914k), United Arab Emirates ($463k), Malaysia ($400k), and Pakistan ($389k).

The fastest growing export markets for Scrap Iron of Saudi Arabia between 2021 and 2022 were India ($43.8M), Japan ($390k), and Pakistan ($76.3k).

Imports In 2022, Saudi Arabia imported $102M in Scrap Iron, becoming the 47th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 283rd most imported product in Saudi Arabia. Saudi Arabia imports Scrap Iron primarily from: United Kingdom ($68M), United States ($32.6M), United Arab Emirates ($1.14M), Australia ($27.9k), and India ($17k).

The fastest growing import markets in Scrap Iron for Saudi Arabia between 2021 and 2022 were United Kingdom ($66.9M), United Arab Emirates ($214k), and Portugal ($139).

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)$88.3M
IMPORTS (2022)$102M
NET TRADE (2022)-$13.4M

In 2022, Saudi Arabia exported $88.3M in Scrap Iron. The main destinations of Saudi Arabia exports on Scrap Iron were India ($85.9M), Japan ($914k), United Arab Emirates ($463k), Malaysia ($400k), and Pakistan ($389k).

In 2022, Saudi Arabia imported $102M in Scrap Iron, mainly from United Kingdom ($68M), United States ($32.6M), United Arab Emirates ($1.14M), Australia ($27.9k), and India ($17k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
India$43.8M (104%)
Japan$390k (74.3%)
Pakistan$76.3k (24.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Saudi Arabia WERE (2021 - 2022):
Malaysia-$3.05M (-88.4%)
Jordan-$3M (-100%)
Germany-$2.08M (-94.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Scrap Iron were:
In 2022, Saudi Arabia'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+ $12.9M
TOP IMPORT POTENTIALUnited States+ $7.38M

Scrap Iron’s highest export potential is India. With an export gap of $12.9M.   Scrap Iron’s highest import potential is United States with an import gap of $7.38M.

See methodology.

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