2022
Exports
$3.44BWorld Rnk 2 / 119
Flag Rnk 5 / 1042
2022
PRODUCT COMPLEXITY IN Semi-Finished Iron
-0.88Rnk 800 / 1025
2022
Imports
$310MWorld Rnk 28 / 188
Flag Rnk 19 / 1175
2022
ECONOMIC COMPLEXITY of Oman
-0.19Rnk 75 / 133

About

Exports In 2022, Oman exported $3.44B in Semi-Finished Iron, making it the 2nd largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 5th most exported product in Oman. The main destination of Semi-Finished Iron exports from Oman are: Indonesia ($1.02B), Thailand ($710M), Saudi Arabia ($673M), China ($425M), and United Arab Emirates ($159M).

The fastest growing export markets for Semi-Finished Iron of Oman between 2021 and 2022 were Indonesia ($701M), Saudi Arabia ($353M), and China ($162M).

Imports In 2022, Oman imported $310M in Semi-Finished Iron, becoming the 28th largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 19th most imported product in Oman. Oman imports Semi-Finished Iron primarily from: Iraq ($122M), Pakistan ($100M), Iran ($52.9M), United Arab Emirates ($27.4M), and India ($6.59M).

The fastest growing import markets in Semi-Finished Iron for Oman between 2021 and 2022 were Pakistan ($100M), Iraq ($58.3M), and Iran ($35M).

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 Semi-Finished 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)$3.44B
IMPORTS (2022)$310M
NET TRADE (2022)$3.13B

In 2022, Oman exported $3.44B in Semi-Finished Iron. The main destinations of Oman exports on Semi-Finished Iron were Indonesia ($1.02B), Thailand ($710M), Saudi Arabia ($673M), China ($425M), and United Arab Emirates ($159M).

In 2022, Oman imported $310M in Semi-Finished Iron, mainly from Iraq ($122M), Pakistan ($100M), Iran ($52.9M), United Arab Emirates ($27.4M), and India ($6.59M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Semi-Finished Iron EXPORT MARKETS FOR Oman WERE (2021 - 2022):
Indonesia$701M (221%)
Saudi Arabia$353M (110%)
China$162M (61.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semi-Finished Iron BY Oman WERE (2021 - 2022):
Australia-$63.2M (-74.3%)
United Arab Emirates-$60.8M (-27.7%)
Peru-$30.2M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Oman's main exporting competitors in Semi-Finished Iron were:
Russia $8.38B
Brazil $3.42B
In 2022, Oman's main importing competitors in Semi-Finished Iron were:

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Trade Value of Semi-Finished Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $125M
TOP IMPORT POTENTIALIndia+ $7.95M

Semi-Finished Iron’s highest export potential is China. With an export gap of $125M.   Semi-Finished Iron’s highest import potential is India with an import gap of $7.95M.

See methodology.

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