2022
Exports
$1.73MWorld Rnk 47 / 123
Flag Rnk 943 / 1208
2022
PRODUCT COMPLEXITY IN Steel Wire
0.96Rnk 189 / 1025
2022
Imports
$16.3MWorld Rnk 39 / 193
Flag Rnk 726 / 1213
2022
ECONOMIC COMPLEXITY of United Arab Emirates
0.24Rnk 53 / 133

About

Exports In 2022, United Arab Emirates exported $1.73M in Steel Wire, making it the 47th largest exporter of Steel Wire in the world. At the same year, Steel Wire was the 943rd most exported product in United Arab Emirates. The main destination of Steel Wire exports from United Arab Emirates are: Saudi Arabia ($257k), Tunisia ($192k), Kuwait ($188k), United Kingdom ($152k), and Azerbaijan ($136k).

The fastest growing export markets for Steel Wire of United Arab Emirates between 2021 and 2022 were Tunisia ($192k), Kuwait ($183k), and United Kingdom ($128k).

Imports In 2022, United Arab Emirates imported $16.3M in Steel Wire, becoming the 39th largest importer of Steel Wire in the world. At the same year, Steel Wire was the 726th most imported product in United Arab Emirates. United Arab Emirates imports Steel Wire primarily from: Thailand ($4.2M), India ($3.96M), China ($3.82M), Czechia ($755k), and Germany ($447k).

The fastest growing import markets in Steel Wire for United Arab Emirates between 2021 and 2022 were Thailand ($1.37M), India ($1M), and China ($910k).

Latest Trends

Jul 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 Steel Wire. 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)$1.73M
IMPORTS (2022)$16.3M
NET TRADE (2022)-$14.6M

In 2022, United Arab Emirates exported $1.73M in Steel Wire. The main destinations of United Arab Emirates exports on Steel Wire were Saudi Arabia ($257k), Tunisia ($192k), Kuwait ($188k), United Kingdom ($152k), and Azerbaijan ($136k).

In 2022, United Arab Emirates imported $16.3M in Steel Wire, mainly from Thailand ($4.2M), India ($3.96M), China ($3.82M), Czechia ($755k), and Germany ($447k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Wire EXPORT MARKETS FOR United Arab Emirates WERE (2021 - 2022):
Tunisia$192k (1%)
Kuwait$183k (3.31k%)
United Kingdom$128k (527%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Wire BY United Arab Emirates WERE (2021 - 2022):
Egypt-$2M (-97.3%)
Saudi Arabia-$987k (-79.3%)
Iran-$879k (-100%)

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 Steel Wire were:
In 2022, United Arab Emirates's main importing competitors in Steel Wire were:

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Trade Value of Steel Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $82.8k
TOP IMPORT POTENTIALChina+ $1.05M

Steel Wire’s highest export potential is India. With an export gap of $82.8k.   Steel Wire’s highest import potential is China with an import gap of $1.05M.

See methodology.

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