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2022
Flag → Flag
Exports $281MRnk 3 / 127
2022
Flag → Flag
Top Product $510MCement
2022
Flag → Flag
Exports $85.4MRnk 43 / 156
2022
Flag → Flag
Top Product $18.8MBuses
2022
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Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
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Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag  
GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
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GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
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 GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
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GDP PC $4,388CURRENT US$
Rnk 116 / 186
2012-2022
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GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186
2022
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GDP PC$43,233CURRENT US$
Rnk 24 / 186
2012-2022
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GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186

About

Iran-Kuwait Trade: In 2022, Iran exported $281M to Kuwait. The main products that Iran exported to Kuwait were Cement ($510M), Sheep and Goats ($219M), and Scrap Iron ($33.5M). Over the past 5 years the exports of Iran to Kuwait have increased at an annualized rate of 56.1%, from $30.4M in 2017 to $281M in 2022.

In 2022, Iran did not export any services to Kuwait.

Kuwait-Iran Trade: In 2022, Kuwait exported $85.4M to Iran. The main products that Kuwait exported to Iran were Buses ($18.8M), Cars ($16.8M), and Cranes ($7.09M). Over the past 5 years the exports of Kuwait to Iran have increased at an annualized rate of 43.1%,  from $14.3M in 2017 to $85.4M in 2022.

In 2022, Kuwait did not export any services to Iran.

Comparison: In 2022,  Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iran exported $281M to Kuwait. The main products exported from Iran to Kuwait were Cement ($510M), Sheep and Goats ($219M), and Scrap Iron ($33.5M). During the last 5 years the exports of Iran to Kuwait have increased at an annualized rate of 56.1%, from $30.4M in 2017 to $281M in 2022.

In 2017, Kuwait exported $85.4M to Iran. The main products exported from Kuwait to Iran were Buses ($18.8M), Cars ($16.8M), and Cranes ($7.09M). During the last 20 years the exports of Kuwait to Iran have increased at an annualized rate of 43.1%, from $14.3M in 1997 to $85.4M in 2017.

Exports from Iran (Flag) to Kuwait (Flag) (2022)

Exports from Kuwait (Flag) to Iran (Flag) (2022)

Latest Data

Trade between Iran (Flag) and Kuwait (Flag)

Kuwait Exports

Market Competitiveness

Color
Iran
Top DestinationChina$5.72B
Kuwait
Top DestinationChina$24.3B

This map shows whether countries import more from Iran or Kuwait. Each country is colored based on the difference in imports they receive from Iran and Kuwait or the difference in the growth in imports.

In 2022, countries that imported more from Iran than Kuwait included Turkey ($3.17B), Armenia ($557M), and Azerbaijan ($454M).

In 2022, countries that imported more from Kuwait than Iran included China ($24.3B), India ($15B), and South Korea ($10.8B).

Difference in imports from Kuwait (Flag) and Iran (Flag) (2022)

Comparative Advantage Iran - Kuwait

Flow
Scale

This chart compares trade between Iran and Kuwait by product, considering products traded by both, Iran and Kuwait.

During 2022, Iran had a large net trade with Kuwait in the exports of Mineral Products ($551M), Animal Products ($257M), and Vegetable Products ($55.5M).

During 2017, Kuwait had a large net trade with Iran in the exports of Transportation ($44.5M), Machines ($16.9M), and Foodstuffs ($2.4M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Iran and Kuwait. This means that a dot/product with the flag of Iran indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Iran.

Product Space of Iran (Flag) and Kuwait (Flag) (2022)

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