2021
Exports | Imports
$17.2M | $453kWorld Rnk 14 / 105
Flag Rnk 58 / 975
World Rnk 68 / 171
Flag Rnk 864 / 1175
2021
ECONOMIC COMPLEXITY of Kuwait
0.34Rnk 48 / 131
2021
PRODUCT COMPLEXITY IN Iron Ingots
-0.77Rnk 771 / 1024

About

Exports In 2021, Kuwait exported $17.2M in Iron Ingots, making it the 14th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 58th most exported product in Kuwait. The main destination of Iron Ingots exports from Kuwait are: Pakistan ($8.15M), Saudi Arabia ($6.59M), India ($2.18M), Bangladesh ($249k), and Netherlands ($19.9k).

The fastest growing export markets for Iron Ingots of Kuwait between 2020 and 2021 were Pakistan ($8.15M), India ($2.15M), and Bangladesh ($249k).

Imports In 2021, Kuwait imported $453k in Iron Ingots, becoming the 68th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 864th most imported product in Kuwait. Kuwait imports Iron Ingots primarily from: Saudi Arabia ($433k), Turkey ($13.4k), India ($6.05k), United States ($1.06k), and China ($181).

The fastest growing import markets in Iron Ingots for Kuwait between 2020 and 2021 were Saudi Arabia ($433k), Turkey ($13.4k), and China ($181).

Latest Trends

Dec 2023

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 (2021)$17.2M
IMPORTS (2021)$453k
NET TRADE (2021)$16.7M

In 2021, Kuwait exported $17.2M in Iron Ingots. The main destinations of Kuwait exports on Iron Ingots were Pakistan ($8.15M), Saudi Arabia ($6.59M), India ($2.18M), Bangladesh ($249k), and Netherlands ($19.9k).

In 2021, Kuwait imported $453k in Iron Ingots, mainly from Saudi Arabia ($433k), Turkey ($13.4k), India ($6.05k), United States ($1.06k), and China ($181).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Kuwait WERE (2020 - 2021):
Pakistan$8.15M (1%)
India$2.15M (8.22k%)
Bangladesh$249k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Kuwait WERE (2020 - 2021):Saudi Arabia-$16.8M (-71.8%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Kuwait's main exporting competitors in Iron Ingots were:
India $48.2M
Italy $46.5M
In 2021, Kuwait's main importing competitors in Iron Ingots were:
Germany $73.6M
Italy $70.4M

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Trade Value of Iron Ingots by Exporters

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