Kuwait (KWT) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Kuwait-Iran Trade: In 2023, Kuwait exported $20.5M to Iran. The main products that Kuwait exported to Iran were Buses ($9.05M), Aluminium Cans ($2.25M), and Cars ($1.51M). Over the past 5 years the exports of Kuwait to Iran have decreased at an annualized rate of 22.1%, from $71.5M in 2018 to $20.5M in 2023.

In 2023, Kuwait did not export any services to Iran.

Iran-Kuwait Trade: In 2023, Iran exported $297M to Kuwait. The main products that Iran exported to Kuwait were Cement ($137M), Sheep and Goats ($72.4M), and Gypsum ($10.7M). Over the past 5 years the exports of Iran to Kuwait have decreased at an annualized rate of 5.83%, from $401M in 2018 to $297M in 2023.

In 2023, Iran did not export any services to Kuwait.

Comparison: In 2023, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). That same year, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $20.5M to Iran. The main products exported from Kuwait to Iran were Buses ($9.05M), Aluminium Cans ($2.25M), and Cars ($1.51M). During the last 5 years the exports of Kuwait to Iran have decreased at an annualized rate of 22.1%, from $71.5M in 2018 to $20.5M in 2023.

In 2018, Iran exported $297M to Kuwait. The main products exported from Iran to Kuwait were Cement ($137M), Sheep and Goats ($72.4M), and Gypsum ($10.7M). During the last 5 years the exports of Iran to Kuwait have decreased at an annualized rate of 5.83%, from $401M in 2023 to $297M in 2018.

Exports from Kuwait () to Iran () (2023)

Exports from Iran () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Iran ()

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Iran
Top DestinationChina$4.59B

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

In 2023, countries that imported more from Kuwait than Iran included China ($17.4B), Japan ($9.13B), and India ($9.51B).

In 2023, countries that imported more from Iran than Kuwait included Turkey ($2.18B), Armenia ($597M), and Azerbaijan ($473M).

Difference in imports from Iran () and Kuwait () (2023)

Comparative Advantage Kuwait - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Iran in the exports of Transportation ($11.9M), Metals ($2.63M), and Foodstuffs ($2.48M).

During 2018, Iran had a large net trade with Kuwait in the exports of Mineral Products ($158M), Animal Products ($86.1M), and Vegetable Products ($30.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Iran+$2.29MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Iran Kuwait+$1.4MOther Nuts

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Iran () (2023)

Exports from Iran () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Iran ()

Kuwait Exports

Market Competitiveness

Difference in imports from Iran () and Kuwait () (2023)

Comparative Advantage Kuwait - Iran

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Kuwait () and Iran () (2023)

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