2023
Exports
$15.2MWorld Rnk 63 / 126
Flag Rnk 57 / 991
2023
PRODUCT COMPLEXITY IN Ferroalloys
-1.33Rnk 905 / 1025
2023
Imports
$13.8MWorld Rnk 72 / 171
Flag Rnk 347 / 1168
2023
ECONOMIC COMPLEXITY of Kuwait
0.21Rnk 53 / 132

About

Exports In 2023, Kuwait exported $15.2M in Ferroalloys, making it the 63rd largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 57th most exported product in Kuwait. The main destination of Ferroalloys exports from Kuwait are: Austria ($3.13M), Slovenia ($2.81M), Italy ($1.68M), Saudi Arabia ($1.38M), and United Kingdom ($860k).

The fastest growing export markets for Ferroalloys of Kuwait between 2022 and 2023 were Austria ($1.64M), Slovenia ($1.44M), and Italy ($1.14M).

Imports In 2023, Kuwait imported $13.8M in Ferroalloys, becoming the 72nd largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 347th most imported product in Kuwait. Kuwait imports Ferroalloys primarily from: India ($13.3M), China ($260k), Malaysia ($249k), United States ($5.98k), and United Arab Emirates ($1.75k).

The fastest growing import markets in Ferroalloys for Kuwait between 2022 and 2023 were Malaysia ($249k), United States ($5.06k), and United Arab Emirates ($1.58k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Ferroalloys. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$15.2M
IMPORTS (2023)$13.8M
NET TRADE (2023)$1.32M

In 2023, Kuwait exported $15.2M in Ferroalloys. The main destinations of Kuwait exports on Ferroalloys were Austria ($3.13M), Slovenia ($2.81M), Italy ($1.68M), Saudi Arabia ($1.38M), and United Kingdom ($860k).

In 2023, Kuwait imported $13.8M in Ferroalloys, mainly from India ($13.3M), China ($260k), Malaysia ($249k), United States ($5.98k), and United Arab Emirates ($1.75k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Kuwait WERE (2022 - 2023):
Austria$1.64M (110%)
Slovenia$1.44M (105%)
Italy$1.14M (209%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Kuwait WERE (2022 - 2023):
Saudi Arabia-$7.97M (-85.2%)
Germany-$1.69M (-70.5%)
Czechia-$1.52M (-94.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Kuwait's main exporting competitors in Ferroalloys were:
In 2023, Kuwait's main importing competitors in Ferroalloys were:

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $2.29M
TOP IMPORT POTENTIALIndia+ $1.85M

Ferroalloys’s highest export potential is India. With an export gap of $2.29M.   Ferroalloys’s highest import potential is India with an import gap of $1.85M.

See methodology.

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