2022
Exports
$283MWorld Rnk 63 / 226
Flag Rnk 13 / 96
2022
PRODUCT COMPLEXITY IN Iron or steel articles
1.68Rnk 27 / 1025
2022
Imports
$2.38BWorld Rnk 40 / 225
Flag Rnk 5 / 96
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $283M in Iron or steel articles, making it the 63rd largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 13th most exported product in Kuwait. The main destination of Iron or steel articles exports from Kuwait are: Saudi Arabia ($100M), India ($90.4M), United Arab Emirates ($17.7M), Iraq ($9.19M), and Bahrain ($7.31M).

The fastest growing export markets for Iron or steel articles of Kuwait between 2021 and 2022 were Saudi Arabia ($68.9M), India ($58.2M), and Iraq ($7.96M).

Imports In 2022, Kuwait imported $2.38B in Iron or steel articles, becoming the 40th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 5th most imported product in Kuwait. Kuwait imports Iron or steel articles primarily from: China ($909M), United Arab Emirates ($411M), Saudi Arabia ($298M), Russia ($126M), and Italy ($125M).

The fastest growing import markets in Iron or steel articles for Kuwait between 2021 and 2022 were China ($578M), United Arab Emirates ($296M), and Saudi Arabia ($222M).

Latest Trends

Oct 2024

Subnational Monthly Trade

View
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 or steel articles. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$283M
IMPORTS (2022)$2.38B
NET TRADE (2022)-$2.1B

In 2022, Kuwait exported $283M in Iron or steel articles. The main destinations of Kuwait exports on Iron or steel articles were Saudi Arabia ($100M), India ($90.4M), United Arab Emirates ($17.7M), Iraq ($9.19M), and Bahrain ($7.31M).

In 2022, Kuwait imported $2.38B in Iron or steel articles, mainly from China ($909M), United Arab Emirates ($411M), Saudi Arabia ($298M), Russia ($126M), and Italy ($125M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Saudi Arabia$68.9M (221%)
India$58.2M (181%)
Iraq$7.96M (648%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Kuwait WERE (2021 - 2022):
Italy-$608k (-83.4%)
South Korea-$577k (-99.4%)
Hong Kong-$191k (-84.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Kuwait's main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, Kuwait's main importing competitors in Iron or steel articles were:

Explore Visualizations

Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIraq+ $6.38M
TOP IMPORT POTENTIALIndia+ $27.9M

Iron or steel articles’s highest export potential is Iraq. With an export gap of $6.38M.   Iron or steel articles’s highest import potential is India with an import gap of $27.9M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with