2022
Exports
$14.6MWorld Rnk 25 / 89
Flag Rnk 102 / 947
2022
PRODUCT COMPLEXITY IN Iron Reductions
-1.54Rnk 951 / 1025
2022
Imports
$767MWorld Rnk 2 / 144
Flag Rnk 11 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $14.6M in Iron Reductions, making it the 25th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 102nd most exported product in Kuwait. The main destination of Iron Reductions exports from Kuwait are: India ($11.7M), Saudi Arabia ($1.69M), and Pakistan ($1.23M).

The fastest growing export markets for Iron Reductions of Kuwait between 2021 and 2022 were Saudi Arabia ($1.69M).

Imports In 2022, Kuwait imported $767M in Iron Reductions, becoming the 2nd largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 11th most imported product in Kuwait. Kuwait imports Iron Reductions primarily from: Qatar ($601M), United Arab Emirates ($102M), Bahrain ($63.6M), India ($338k), and Saudi Arabia ($957).

The fastest growing import markets in Iron Reductions for Kuwait between 2021 and 2022 were Qatar ($566M), United Arab Emirates ($49.7M), and India ($336k).

Latest Trends

Sep 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 Reductions. 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)$14.6M
IMPORTS (2022)$767M
NET TRADE (2022)-$753M

In 2022, Kuwait exported $14.6M in Iron Reductions. The main destinations of Kuwait exports on Iron Reductions were India ($11.7M), Saudi Arabia ($1.69M), and Pakistan ($1.23M).

In 2022, Kuwait imported $767M in Iron Reductions, mainly from Qatar ($601M), United Arab Emirates ($102M), Bahrain ($63.6M), India ($338k), and Saudi Arabia ($957).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):Saudi Arabia$1.69M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Kuwait WERE (2021 - 2022):
Pakistan-$269k (-18%)
India-$268k (-2.24%)
Oman-$154k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $218k
TOP IMPORT POTENTIALIndia+ $1.06M

Iron Reductions’s highest export potential is India. With an export gap of $218k.   Iron Reductions’s highest import potential is India with an import gap of $1.06M.

See methodology.

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