2022
Exports
$99.2MWorld Rnk 45 / 162
Flag Rnk 92 / 1100
2022
PRODUCT COMPLEXITY IN Raw Iron Bars
-1.3Rnk 911 / 1025
2022
Imports
$50.8MWorld Rnk 91 / 217
Flag Rnk 400 / 1197
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

Exports In 2022, Saudi Arabia exported $99.2M in Raw Iron Bars, making it the 45th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 92nd most exported product in Saudi Arabia. The main destination of Raw Iron Bars exports from Saudi Arabia are: Hong Kong ($87.9M), Bahrain ($5.43M), China ($2.63M), Macau ($1.58M), and Jordan ($1.57M).

The fastest growing export markets for Raw Iron Bars of Saudi Arabia between 2021 and 2022 were Macau ($1.58M), China ($1.31M), and Oman ($34.9k).

Imports In 2022, Saudi Arabia imported $50.8M in Raw Iron Bars, becoming the 91st largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 400th most imported product in Saudi Arabia. Saudi Arabia imports Raw Iron Bars primarily from: United Arab Emirates ($20.1M), Oman ($16.8M), China ($10.1M), India ($2.1M), and Turkey ($1.52M).

The fastest growing import markets in Raw Iron Bars for Saudi Arabia between 2021 and 2022 were China ($8.95M), Turkey ($1.52M), and Germany ($27.4k).

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 Raw Iron Bars. 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)$99.2M
IMPORTS (2022)$50.8M
NET TRADE (2022)$48.4M

In 2022, Saudi Arabia exported $99.2M in Raw Iron Bars. The main destinations of Saudi Arabia exports on Raw Iron Bars were Hong Kong ($87.9M), Bahrain ($5.43M), China ($2.63M), Macau ($1.58M), and Jordan ($1.57M).

In 2022, Saudi Arabia imported $50.8M in Raw Iron Bars, mainly from United Arab Emirates ($20.1M), Oman ($16.8M), China ($10.1M), India ($2.1M), and Turkey ($1.52M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
Macau$1.58M (1%)
China$1.31M (99.6%)
Oman$34.9k (110%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Saudi Arabia WERE (2021 - 2022):
Hong Kong-$41M (-31.8%)
Bahrain-$2.58M (-32.2%)
Jordan-$2.16M (-57.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Raw Iron Bars were:
Turkey $4.24B
Italy $1.71B
In 2022, Saudi Arabia's main importing competitors in Raw Iron Bars were:

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Trade Value of Raw Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.51M
TOP IMPORT POTENTIALChina+ $4.33M

Raw Iron Bars’s highest export potential is China. With an export gap of $3.51M.   Raw Iron Bars’s highest import potential is China with an import gap of $4.33M.

See methodology.

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