2022
Exports
$3.79MWorld Rnk 70 / 224
Flag Rnk 209 / 947
2022
PRODUCT COMPLEXITY IN Iron Fasteners
1.68Rnk 27 / 1025
2022
Imports
$80MWorld Rnk 62 / 225
Flag Rnk 164 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $3.79M in Iron Fasteners, making it the 70th largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 209th most exported product in Kuwait. The main destination of Iron Fasteners exports from Kuwait are: Saudi Arabia ($2.53M), Qatar ($259k), Kazakhstan ($210k), Egypt ($208k), and Bahrain ($207k).

The fastest growing export markets for Iron Fasteners of Kuwait between 2021 and 2022 were Saudi Arabia ($1.97M), Qatar ($230k), and Kazakhstan ($210k).

Imports In 2022, Kuwait imported $80M in Iron Fasteners, becoming the 62nd largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 164th most imported product in Kuwait. Kuwait imports Iron Fasteners primarily from: China ($27.1M), United Arab Emirates ($17.1M), Chinese Taipei ($10.1M), India ($6.54M), and United States ($2.87M).

The fastest growing import markets in Iron Fasteners for Kuwait between 2021 and 2022 were China ($15M), United Arab Emirates ($11.8M), and Chinese Taipei ($5.14M).

Latest Trends

Jul 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 Fasteners. 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)$3.79M
IMPORTS (2022)$80M
NET TRADE (2022)-$76.2M

In 2022, Kuwait exported $3.79M in Iron Fasteners. The main destinations of Kuwait exports on Iron Fasteners were Saudi Arabia ($2.53M), Qatar ($259k), Kazakhstan ($210k), Egypt ($208k), and Bahrain ($207k).

In 2022, Kuwait imported $80M in Iron Fasteners, mainly from China ($27.1M), United Arab Emirates ($17.1M), Chinese Taipei ($10.1M), India ($6.54M), and United States ($2.87M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Fasteners EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Saudi Arabia$1.97M (353%)
Qatar$230k (792%)
Kazakhstan$210k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Fasteners BY Kuwait WERE (2021 - 2022):
Iran-$159k (-98.7%)
United States-$36.8k (-85.9%)
Germany-$21k (-82%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Iron Fasteners were:
In 2022, Kuwait's main importing competitors in Iron Fasteners were:

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Trade Value of Iron Fasteners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSaudi Arabia+ $830k
TOP IMPORT POTENTIALChina+ $7.31M

Iron Fasteners’s highest export potential is Saudi Arabia. With an export gap of $830k.   Iron Fasteners’s highest import potential is China with an import gap of $7.31M.

See methodology.

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