🇸🇦 Saudi Arabia imports of reduced iron and sponge iron: 2024 trade data
Imports of reduced iron and sponge iron by Saudi Arabia reached $1.09 billion in 2024 (5.73 million tonnes). It ranks 1st of 147 countries for imports of this product. Value rose 27% on 2023. Over 2017-2024 the trade grew strongly, by about 68% a year on average. The peak in this period was 2022, at $2.11 billion.
Public statistics, latest reported year 2024. Values in US dollars.
Imports of reduced iron and sponge iron by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $1.09B | 5.73M t |
| 2023 | $859.1M | 42.2K t |
| 2022 | $2.11B | 9.62M t |
| 2021 | $2.06B | 8.18M t |
| 2020 | $463K | 730 t |
| 2019 | $11.1M | 35.5K t |
| 2018 | $86.3M | 254.3K t |
| 2017 | $29.1M | 100.8K t |
Where Saudi Arabia imports reduced iron and sponge iron from
Oman alone supplied 71% of it. Among the main suppliers, Oman grew fastest (+244% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| 🇴🇲 Oman | $771.8M | 71% |
| 🇸🇪 Sweden | $234.8M | 22% |
| 🇮🇳 India | $39.1M | 3.6% |
| 🇧🇷 Brazil | $33.5M | 3.1% |
| 🇨🇳 China | $6.5M | 0.6% |
| 🇧🇭 Bahrain | $1.2M | 0.1% |
| 🇰🇷 South Korea | $576K | 0.1% |
| 🇦🇪 United Arab Emirates | $201K | 0% |
| 🇩🇰 Denmark | $73K | 0% |
| Taiwan | $51K | 0% |
Types of reduced iron and sponge iron under HS 7203
| 7203.10 | Ferrous products: obtained by direct reduction of iron ore, in lumps, pellets or similar forms | 97% |
| 7203.90 | Ferrous products: spongy ferrous products and iron having a minimum purity by weight of 99.94%, in lumps, pellets or similar forms | 3.4% |
Codes and full descriptions: HS heading 7203.
Average import price of reduced iron and sponge iron
The average declared value was about $0.19 per kg, 37% below the world average of $0.30, which often means bulk or lower-grade product.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in Saudi Arabia?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
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Mirror data: built from the shipment records of the countries that trade with it.
Updated weekly on EximDataX (some markets daily), while public statistics stop at 2024.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 7203: Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or the like; iron having a minimum purity of 99.94%, in lumps, pellets or similar forms.
Reduced iron and sponge iron trade in Saudi Arabia: questions
What is the value of reduced iron and sponge iron imported by Saudi Arabia?
Saudi Arabia imported reduced iron and sponge iron worth $1.09 billion in 2024 (5.73 million tonnes).
Where does Saudi Arabia import reduced iron and sponge iron from?
The main supplier countries in 2024 were Oman (71%), Sweden (22%), India (4%).
What is the average import price of reduced iron and sponge iron in Saudi Arabia?
The average declared import value was about $0.19 per kg in 2024, against a world average of $0.30 per kg.
What is the HS code for reduced iron and sponge iron?
Reduced iron and sponge iron falls under HS heading 7203 (Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or the li). The six-digit codes under it split the product by type.
How can I find the companies trading reduced iron and sponge iron with Saudi Arabia?
These public statistics stop at country level. EximDataX builds Saudi Arabia trade from the records of its trading partners, updated weekly, so you can see who ships this product there.
Reduced iron and sponge iron trade in other countries
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