2023
Exports
$131MWorld Rnk 52 / 207
Flag Rnk 16 / 991
2023
PRODUCT COMPLEXITY IN Scrap Iron
-0.57Rnk 726 / 1025
2023
Imports
$86.2MWorld Rnk 46 / 177
Flag Rnk 95 / 1168
2023
ECONOMIC COMPLEXITY of Kuwait
0.21Rnk 53 / 132

About

Exports In 2023, Kuwait exported $131M in Scrap Iron, making it the 52nd largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 16th most exported product in Kuwait. The main destination of Scrap Iron exports from Kuwait are: India ($116M), Pakistan ($15.1M), China ($295k), United Arab Emirates ($117k), and Malaysia ($65.9k).

The fastest growing export markets for Scrap Iron of Kuwait between 2022 and 2023 were India ($36.2M), China ($295k), and Malaysia ($65.9k).

Imports In 2023, Kuwait imported $86.2M in Scrap Iron, becoming the 46th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 95th most imported product in Kuwait. Kuwait imports Scrap Iron primarily from: Netherlands ($86.1M), India ($7.71k), and Australia ($6.98k).

The fastest growing import markets in Scrap Iron for Kuwait between 2022 and 2023 were Netherlands ($72.8M) and India ($7.71k).

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 Scrap Iron. 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)$131M
IMPORTS (2023)$86.2M
NET TRADE (2023)$45.3M

In 2023, Kuwait exported $131M in Scrap Iron. The main destinations of Kuwait exports on Scrap Iron were India ($116M), Pakistan ($15.1M), China ($295k), United Arab Emirates ($117k), and Malaysia ($65.9k).

In 2023, Kuwait imported $86.2M in Scrap Iron, mainly from Netherlands ($86.1M), India ($7.71k), and Australia ($6.98k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Kuwait WERE (2022 - 2023):
India$36.2M (45.3%)
China$295k (1%)
Malaysia$65.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Kuwait WERE (2022 - 2023):
Pakistan-$34M (-69.3%)
Netherlands-$289k (-100%)
United Arab Emirates-$252k (-68.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Kuwait's main exporting competitors in Scrap Iron were:
In 2023, Kuwait's main importing competitors in Scrap Iron were:
Turkey $7.59B
India $6.63B
Italy $2.59B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $11.1M
TOP IMPORT POTENTIALNetherlands+ $2.87M

Scrap Iron’s highest export potential is India. With an export gap of $11.1M.   Scrap Iron’s highest import potential is Netherlands with an import gap of $2.87M.

See methodology.

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