2023
Exports
$72.1MWorld Rnk 82 / 226
Flag Rnk 17 / 96
2023
PRODUCT COMPLEXITY IN Iron or steel articles
1.67Rnk 25 / 1025
2023
Imports
$1.38BWorld Rnk 50 / 226
Flag Rnk 7 / 96
2023
ECONOMIC COMPLEXITY of Kuwait
0.21Rnk 53 / 132

About

Exports In 2023, Kuwait exported $72.1M in Iron or steel articles, making it the 82nd largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 17th most exported product in Kuwait. The main destination of Iron or steel articles exports from Kuwait are: India ($23.2M), United Arab Emirates ($10.7M), Saudi Arabia ($9.6M), Bahrain ($6.78M), and Qatar ($5.15M).

The fastest growing export markets for Iron or steel articles of Kuwait between 2022 and 2023 were United Arab Emirates ($4.9M), Bahrain ($3.62M), and Qatar ($3.02M).

Imports In 2023, Kuwait imported $1.38B in Iron or steel articles, becoming the 50th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 7th most imported product in Kuwait. Kuwait imports Iron or steel articles primarily from: China ($738M), United Arab Emirates ($114M), Italy ($94.8M), Saudi Arabia ($68.6M), and India ($60.8M).

The fastest growing import markets in Iron or steel articles for Kuwait between 2022 and 2023 were China ($71.1M), Bahrain ($18M), and Germany ($10.8M).

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 Iron or steel articles. 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)$72.1M
IMPORTS (2023)$1.38B
NET TRADE (2023)-$1.31B

In 2023, Kuwait exported $72.1M in Iron or steel articles. The main destinations of Kuwait exports on Iron or steel articles were India ($23.2M), United Arab Emirates ($10.7M), Saudi Arabia ($9.6M), Bahrain ($6.78M), and Qatar ($5.15M).

In 2023, Kuwait imported $1.38B in Iron or steel articles, mainly from China ($738M), United Arab Emirates ($114M), Italy ($94.8M), Saudi Arabia ($68.6M), and India ($60.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Kuwait WERE (2022 - 2023):
Bahrain$3.62M (115%)
Qatar$3.02M (142%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Kuwait WERE (2022 - 2023):
Saudi Arabia-$19.2M (-66.6%)
India-$9.3M (-28.6%)
Oman-$2.54M (-77.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Kuwait's main exporting competitors in Iron or steel articles were:
In 2023, Kuwait's main importing competitors in Iron or steel articles were:

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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.

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