2022
Exports | Imports
$40k | $389kWorld Rnk 75 / 114
Flag Rnk 722 / 947
World Rnk 71 / 172
Flag Rnk 951 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.16Rnk 53 / 124
2022
PRODUCT COMPLEXITY IN Iron Ingots
-1.41Rnk 935 / 1025

About

Exports In 2022, Kuwait exported $40k in Iron Ingots, making it the 75th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 722nd most exported product in Kuwait. The main destination of Iron Ingots exports from Kuwait are: India ($37.3k) and Pakistan ($2.7k).

Imports In 2022, Kuwait imported $389k in Iron Ingots, becoming the 71st largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 951st most imported product in Kuwait. Kuwait imports Iron Ingots primarily from: Saudi Arabia ($320k), India ($56.6k), China ($9.14k), and United Arab Emirates ($3.98k).

The fastest growing import markets in Iron Ingots for Kuwait between 2021 and 2022 were India ($50.6k), China ($8.96k), and United Arab Emirates ($3.98k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Iron Ingots from Kuwait to the United States.

Latest Trends

Feb 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 Iron Ingots. 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 (2022)$40k
IMPORTS (2022)$389k
NET TRADE (2022)-$349k

In 2022, Kuwait exported $40k in Iron Ingots. The main destinations of Kuwait exports on Iron Ingots were India ($37.3k) and Pakistan ($2.7k).

In 2022, Kuwait imported $389k in Iron Ingots, mainly from Saudi Arabia ($320k), India ($56.6k), China ($9.14k), and United Arab Emirates ($3.98k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Kuwait WERE (2021 - 2022):
Pakistan-$8.15M (-100%)
Saudi Arabia-$6.56M (-100%)
India-$2.14M (-98.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Iron Ingots were:
India $189M
China $107M
Iran $76.9M
In 2022, Kuwait's main importing competitors in Iron Ingots were:

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Trade Value of Iron Ingots by Exporters

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