2022
Exports
$5.25MWorld Rnk 75 / 151
Flag Rnk 216 / 1042
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron
0.41Rnk 402 / 1025
2022
Imports
$281MWorld Rnk 51 / 214
Flag Rnk 23 / 1175
2022
ECONOMIC COMPLEXITY of Oman
-0.19Rnk 75 / 133

About

Exports In 2022, Oman exported $5.25M in Hot-Rolled Iron, making it the 75th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 216th most exported product in Oman. The main destination of Hot-Rolled Iron exports from Oman are: United Arab Emirates ($2.92M), Bahrain ($618k), Pakistan ($412k), Yemen ($384k), and Qatar ($334k).

The fastest growing export markets for Hot-Rolled Iron of Oman between 2021 and 2022 were Somalia ($148k), India ($47.7k), and Azerbaijan ($44.7k).

Imports In 2022, Oman imported $281M in Hot-Rolled Iron, becoming the 51st largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 23rd most imported product in Oman. Oman imports Hot-Rolled Iron primarily from: China ($80.3M), India ($67.1M), South Korea ($56.5M), United Arab Emirates ($55.6M), and Iraq ($6.21M).

The fastest growing import markets in Hot-Rolled Iron for Oman between 2021 and 2022 were China ($41.3M), United Arab Emirates ($18.8M), and Australia ($5.52M).

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 Hot-Rolled 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)$5.25M
IMPORTS (2022)$281M
NET TRADE (2022)-$276M

In 2022, Oman exported $5.25M in Hot-Rolled Iron. The main destinations of Oman exports on Hot-Rolled Iron were United Arab Emirates ($2.92M), Bahrain ($618k), Pakistan ($412k), Yemen ($384k), and Qatar ($334k).

In 2022, Oman imported $281M in Hot-Rolled Iron, mainly from China ($80.3M), India ($67.1M), South Korea ($56.5M), United Arab Emirates ($55.6M), and Iraq ($6.21M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Oman WERE (2021 - 2022):
Somalia$148k (697%)
India$47.7k (240%)
Azerbaijan$44.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Oman WERE (2021 - 2022):
United Arab Emirates-$3.92M (-57.3%)
Pakistan-$1.16M (-73.7%)
Yemen-$938k (-71%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Oman's main exporting competitors in Hot-Rolled Iron were:
Japan $11.2B
China $11.2B
In 2022, Oman's main importing competitors in Hot-Rolled Iron were:

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Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $1.72M
TOP IMPORT POTENTIALChina+ $13.4M

Hot-Rolled Iron’s highest export potential is United Arab Emirates. With an export gap of $1.72M.   Hot-Rolled Iron’s highest import potential is China with an import gap of $13.4M.

See methodology.

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