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Where does Saudi Arabia get its steel? Import sources 2024

In 2024, Saudi Arabia imported $4.6 billion of steel (6.4 million tonnes), 1.3% of the world total. China sold 62% of the total, followed by Oman (7%) and Bahrain (5%). Saudi Arabia was the world’s 25th-largest importer of steel.

Summary

Value
$4.6billion
Tonnes
6.4million tonnes
Share of world total
1.3%
World rank
25th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China2.8Tonnes: 4,117,552USD per tonne: $68761.9%Sea
Oman0.34Tonnes: 456,961USD per tonne: $7437.4%Sea
Bahrain0.21Tonnes: 401,357USD per tonne: $5284.6%Sea
South Korea0.19Tonnes: 223,791USD per tonne: $8664.2%Sea
Japan0.18Tonnes: 240,008USD per tonne: $7393.9%Sea
Egypt0.14Tonnes: 203,278USD per tonne: $6653%Sea
United Arab Emirates0.1Tonnes: 101,633USD per tonne: $1,0282.3%Sea
India0.1Tonnes: 106,588USD per tonne: $9702.3%Sea
Qatar0.07Tonnes: 128,788USD per tonne: $5471.5%Sea
Turkey0.06Tonnes: 66,901USD per tonne: $8851.3%Sea
Russia0.05Tonnes: 90,780USD per tonne: $5891.2%Sea
Taiwan0.04Tonnes: 38,339USD per tonne: $1,1250.94%Sea
Germany0.04Tonnes: 29,208USD per tonne: $1,3380.86%Sea
Austria0.03Tonnes: 25,301USD per tonne: $1,2580.7%Sea
Indonesia0.03Tonnes: 50,928USD per tonne: $5390.6%Sea
Sweden0.02Tonnes: 7,117USD per tonne: $2,9190.45%Sea
Belgium re-exports0.01Tonnes: 4,989USD per tonne: $2,7490.3%Sea
Spain0.01Tonnes: 12,858USD per tonne: $9910.28%Sea
Italy0.01Tonnes: 4,784USD per tonne: $2,2620.24%Sea
Jordan0.01Tonnes: 10,080USD per tonne: $1,0120.22%Sea

Trend

Who it buys from

China has been its main source since 2011

Value in USD billions. The five largest sources in 2024.

  • China 2.8
  • Oman 0.34
  • Bahrain 0.21
  • South Korea 0.19
  • Japan 0.18

Source: CEPII BACI

Show the numbers
Partner19952024
China0.022.8
Oman00.34
Bahrain< 0.010.21
South Korea0.110.19
Japan0.250.18

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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