Iran (IRN) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Iran-Kuwait Trade: In 2023, Iran exported $297M to Kuwait. The main products that Iran exported to Kuwait were Cement ($137M), Sheep and Goats ($72.4M), and Gypsum ($10.7M). Over the past 5 years the exports of Iran to Kuwait have decreased at an annualized rate of 5.83%, from $401M in 2018 to $297M in 2023.

In 2023, Iran did not export any services to Kuwait.

Kuwait-Iran Trade: In 2023, Kuwait exported $20.5M to Iran. The main products that Kuwait exported to Iran were Buses ($9.05M), Aluminium Cans ($2.25M), and Cars ($1.51M). Over the past 5 years the exports of Kuwait to Iran have decreased at an annualized rate of 22.1%, from $71.5M in 2018 to $20.5M in 2023.

In 2023, Kuwait did not export any services to Iran.

Comparison: In 2023, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B). That same year, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iran exported $297M to Kuwait. The main products exported from Iran to Kuwait were Cement ($137M), Sheep and Goats ($72.4M), and Gypsum ($10.7M). During the last 5 years the exports of Iran to Kuwait have decreased at an annualized rate of 5.83%, from $401M in 2018 to $297M in 2023.

In 2018, Kuwait exported $20.5M to Iran. The main products exported from Kuwait to Iran were Buses ($9.05M), Aluminium Cans ($2.25M), and Cars ($1.51M). During the last 5 years the exports of Kuwait to Iran have decreased at an annualized rate of 22.1%, from $71.5M in 2023 to $20.5M in 2018.

Exports from Iran () to Kuwait () (2023)

Exports from Kuwait () to Iran () (2023)

Latest Data

Trade between Iran () and Kuwait ()

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$4.59B

Kuwait
Top DestinationChina$17.4B

This map shows whether countries import more from Iran or Kuwait. Each country is colored based on the difference in imports they receive from Iran and Kuwait or the difference in the growth in imports.

In 2023, countries that imported more from Iran than Kuwait included Turkey ($2.18B), Armenia ($597M), and Azerbaijan ($473M).

In 2023, countries that imported more from Kuwait than Iran included China ($17.4B), Japan ($9.13B), and India ($9.51B).

Difference in imports from Kuwait () and Iran () (2023)

Comparative Advantage Iran - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Iran and Kuwait by product, considering products traded by both, Iran and Kuwait.

During 2023, Iran had a large net trade with Kuwait in the exports of Mineral Products ($158M), Animal Products ($86.1M), and Vegetable Products ($30.1M).

During 2018, Kuwait had a large net trade with Iran in the exports of Transportation ($11.9M), Metals ($2.63M), and Foodstuffs ($2.48M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Kuwait+$1.4MOther Nuts

Top Product Potential Kuwait Iran+$2.29MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Iran and Kuwait. This means that a dot/product with the flag of Iran indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Iran.

About

Historical Data

Bilateral Trade by Products

Exports from Iran () to Kuwait () (2023)

Exports from Kuwait () to Iran () (2023)

Latest Data

Trade between Iran () and Kuwait ()

Kuwait Exports

Market Competitiveness

Difference in imports from Kuwait () and Iran () (2023)

Comparative Advantage Iran - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iran () and Kuwait () (2023)

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