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2022
Flag → Flag
Exports $71MRnk 43 / 156
2022
Flag → Flag
Top Product $18.8MBuses
2022
Flag → Flag
Exports $960MRnk 3 / 127
2022
Flag → Flag
Top Product $510MCement
2022
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Economic Complexity (ECI) ECI 0.16Rnk 53 / 124
2022
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Economic Complexity (ECI) ECI 0.071Rnk 58 / 124
2022
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GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
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GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
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 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
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GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
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GDP PC $43,233CURRENT US$
Rnk 24 / 186
2012-2022
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GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186
2022
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GDP PC$4,388CURRENT US$
Rnk 116 / 186
2012-2022
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GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Kuwait-Iran In 2022, Kuwait exported $71M to Iran. The main products that Kuwait exported to Iran are Buses ($18.8M), Cars ($16.8M), and Cranes ($7.09M). During the last 25 years the exports of Kuwait to Iran have increased at an annualized rate of 6.64%, from $14.3M in 1997 to $71M in 2022.

In 2022, Kuwait did not export any services to Iran.

Iran-Kuwait In 2022, Iran exported $960M to Kuwait. The main products that Iran exported to Kuwait were Cement ($510M), Sheep and Goats ($219M), and Scrap Iron ($33.5M). During the last 25 years the exports of Iran to Kuwait have increased at an annualized rate of 14.8%, from $30.4M in 1997 to $960M in 2022.

In 2022, Iran did not export any services to Kuwait.

Comparison In 2022,  Kuwait ranked 53 in the Economic Complexity Index (ECI 0.16), and 42 in total exports ($101B). That same year, Iran ranked 58 in the Economic Complexity Index (ECI 0.071), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $71M to Iran. The main products exported from Kuwait to Iran were Buses ($18.8M), Cars ($16.8M), and Cranes ($7.09M). During the last 25 years the exports of Kuwait to Iran have increased at an annualized rate of 6.64%, from $14.3M in 1997 to $71M in 2022.

In 2022, Iran exported $960M to Kuwait. The main products exported from Iran to Kuwait were Cement ($510M), Sheep and Goats ($219M), and Scrap Iron ($33.5M). During the last 25 years the exports of Iran to Kuwait have increased at an annualized rate of 14.8%, from $30.4M in 1997 to $960M in 2022.

Exports from Kuwait (Flag) to Iran (Flag) (2022)

Exports from Iran (Flag) to Kuwait (Flag) (2022)

Latest Data

Trade between Kuwait (Flag) and Iran (Flag)

Kuwait Exports

Market Competitiveness

Color
Kuwait
Top DestinationChina$24.3B
Iran
Top DestinationChina$5.72B

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

In 2021, countries that imported more from Kuwait than Iran were China ($24.3B), India ($15B), and South Korea ($10.8B).

In 2021, countries that imported more from Iran than Kuwait were Turkey ($3.17B), Armenia ($557M), and Azerbaijan ($454M).

Difference in imports from Iran (Flag) and Kuwait (Flag) (2022)

Comparative Advantage Kuwait - Iran

Flow
Scale

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

During 2022, Kuwait had a large net trade with Iran in the exports of Transportation ($44.5M), Machines ($16.9M), and Foodstuffs ($2.4M).

During 2022, Iran had a large net trade with Kuwait in the exports of Mineral Products ($551M), Animal Products ($257M), and Vegetable Products ($55.5M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Kuwait has comparative advantage over Iran. Similarly, the more yellow a dot/product is, the more Iran has comparative advantage over Kuwait.

Product Space of Kuwait (Flag) and Iran (Flag) (2022)

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