2021
Flag  
GDP
$137BCURRENT US$
Rnk 59 / 204
2011-2021
Flag
GDP GROWTH
-11.2%CURRENT US$
Rnk 188 / 204
2021
Flag
 GDP
$359BCURRENT US$
Rnk 41 / 204
2011-2021
Flag
GDP GROWTH
-42.6%CURRENT US$
Rnk 203 / 204
2021
Flag
GDP PC 
$32,187CURRENT US$
Rnk 42 / 204
2011-2021
Flag
GDP PC GROWTH
-34.3%CURRENT US$
Rnk 196 / 204
2021
Flag
GDP PC
$4,084CURRENT US$
Rnk 132 / 204
2011-2021
Flag
GDP PC GROWTH
-50.2%CURRENT US$
Rnk 201 / 204

About

Kuwait-Iran In 2021, Kuwait exported $16.9M to Iran. The main products that Kuwait exported to Iran are Cars ($4.6M), Buses ($3.38M), and Large Construction Vehicles ($2.85M). During the last 24 years the exports of Kuwait to Iran have decreased at an annualized rate of 1.89%, from $26.7M in 1997 to $16.9M in 2021.

In 2021, Kuwait did not export any services to Iran.

Iran-Kuwait In 2021, Iran exported $359M to Kuwait. The main products that Iran exported to Kuwait were Cement ($206M), Sheep and Goats ($56.6M), and Non-fillet Fresh Fish ($28.6M). During the last 24 years the exports of Iran to Kuwait have increased at an annualized rate of 10.8%, from $30.4M in 1997 to $359M in 2021.

In 2021, Iran did not export any services to Kuwait.

Comparison In 2021,  Kuwait ranked 48 in the Economic Complexity Index (ECI 0.34), and 51 in total exports ($58.2B). That same year, Iran ranked 67 in the Economic Complexity Index (ECI -0.091), and 85 in total exports ($14B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Kuwait exported $16.9M to Iran. The main products exported from Kuwait to Iran were Cars ($4.6M), Buses ($3.38M), and Large Construction Vehicles ($2.85M). During the last 24 years the exports of Kuwait to Iran have decreased at an annualized rate of 1.89%, from $26.7M in 1997 to $16.9M in 2021.

In 2021, Iran exported $359M to Kuwait. The main products exported from Iran to Kuwait were Cement ($206M), Sheep and Goats ($56.6M), and Non-fillet Fresh Fish ($28.6M). During the last 24 years the exports of Iran to Kuwait have increased at an annualized rate of 10.8%, from $30.4M in 1997 to $359M in 2021.

Exports from Kuwait (Flag) to Iran (Flag) (2021)

Exports from Iran (Flag) to Kuwait (Flag) (2021)

Latest Data

Trade between Kuwait (Flag) and Iran (Flag)

Kuwait Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$16B
Iran
Top Destination
China$5.94B

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 ($16B), India ($8.72B), and South Korea ($7.23B).

In 2021, countries that imported more from Iran than Kuwait were Turkey ($2.72B), Armenia ($406M), and Azerbaijan ($376M).

Difference in imports from Iran (Flag) and Kuwait (Flag) (2021)

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 2021, Kuwait had a large net trade with Iran in the exports of Transportation ($10.1M), Machines ($3.9M), and Metals ($1.36M).

During 2021, Iran had a large net trade with Kuwait in the exports of Mineral Products ($216M), Animal Products ($88.5M), and Vegetable Products ($27.9M).

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) (2021)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with