2022
Exports
$434MWorld Rnk 73 / 223
Flag Rnk 6 / 96
2022
PRODUCT COMPLEXITY IN Iron & steel
1.68Rnk 28 / 1025
2022
Imports
$2.12BWorld Rnk 49 / 225
Flag Rnk 7 / 96
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $434M in Iron & steel, making it the 73rd largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 6th most exported product in Kuwait. The main destination of Iron & steel exports from Kuwait are: Saudi Arabia ($203M), India ($86.8M), Hong Kong ($53.6M), Pakistan ($39.8M), and Turkey ($22.8M).

The fastest growing export markets for Iron & steel of Kuwait between 2021 and 2022 were Saudi Arabia ($114M), Hong Kong ($53.6M), and India ($28.2M).

Imports In 2022, Kuwait imported $2.12B in Iron & steel, becoming the 49th largest importer of Iron & steel in the world. At the same year, Iron & steel was the 7th most imported product in Kuwait. Kuwait imports Iron & steel primarily from: Qatar ($610M), United Arab Emirates ($590M), Saudi Arabia ($224M), China ($218M), and United States ($169M).

The fastest growing import markets in Iron & steel for Kuwait between 2021 and 2022 were Qatar ($572M), United Arab Emirates ($377M), and United States ($153M).

Latest Trends

Oct 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 & steel. 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)$434M
IMPORTS (2022)$2.12B
NET TRADE (2022)-$1.69B

In 2022, Kuwait exported $434M in Iron & steel. The main destinations of Kuwait exports on Iron & steel were Saudi Arabia ($203M), India ($86.8M), Hong Kong ($53.6M), Pakistan ($39.8M), and Turkey ($22.8M).

In 2022, Kuwait imported $2.12B in Iron & steel, mainly from Qatar ($610M), United Arab Emirates ($590M), Saudi Arabia ($224M), China ($218M), and United States ($169M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Saudi Arabia$114M (128%)
Hong Kong$53.6M (1%)
India$28.2M (48.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY Kuwait WERE (2021 - 2022):
China-$165M (-100%)
Pakistan-$60.1M (-60.2%)
Sweden-$2.24M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Iron & steel were:
China $69.8B
Germany $36.9B
Japan $35.7B
In 2022, Kuwait's main importing competitors in Iron & steel were:

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Trade Value of Iron & steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $14.3M
TOP IMPORT POTENTIALChina+ $42M

Iron & steel’s highest export potential is India. With an export gap of $14.3M.   Iron & steel’s highest import potential is China with an import gap of $42M.

See methodology.

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