2023
Exports
$1.14MWorld Rnk 40 / 99
Flag Rnk 236 / 991
2023
PRODUCT COMPLEXITY IN Iron Reductions
-1.12Rnk 860 / 1025
2023
Imports
$206MWorld Rnk 8 / 142
Flag Rnk 36 / 1168
2023
ECONOMIC COMPLEXITY of Kuwait
0.21Rnk 53 / 132

About

Exports In 2023, Kuwait exported $1.14M in Iron Reductions, making it the 40th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 236th most exported product in Kuwait. The main destination of Iron Reductions exports from Kuwait are: India ($915k), Pakistan ($225k), Iraq ($329), and Estonia ($3).

The fastest growing export markets for Iron Reductions of Kuwait between 2022 and 2023 were India ($39.2k), Iraq ($329), and Estonia ($3).

Imports In 2023, Kuwait imported $206M in Iron Reductions, becoming the 8th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 36th most imported product in Kuwait. Kuwait imports Iron Reductions primarily from: Bahrain ($72.7M), United Arab Emirates ($65.9M), Qatar ($55.8M), Saudi Arabia ($11.9M), and Belgium ($46.3k).

The fastest growing import markets in Iron Reductions for Kuwait between 2022 and 2023 were Bahrain ($47.5M), United Arab Emirates ($34.6M), and Saudi Arabia ($11.9M).

Latest Trends

Dec 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 Reductions. 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 (2023)$1.14M
IMPORTS (2023)$206M
NET TRADE (2023)-$205M

In 2023, Kuwait exported $1.14M in Iron Reductions. The main destinations of Kuwait exports on Iron Reductions were India ($915k), Pakistan ($225k), Iraq ($329), and Estonia ($3).

In 2023, Kuwait imported $206M in Iron Reductions, mainly from Bahrain ($72.7M), United Arab Emirates ($65.9M), Qatar ($55.8M), Saudi Arabia ($11.9M), and Belgium ($46.3k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Kuwait WERE (2022 - 2023):
India$39.2k (4.48%)
Iraq$329 (1%)
Estonia$3 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Kuwait WERE (2022 - 2023):
Saudi Arabia-$517k (-100%)
Pakistan-$152k (-40.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Kuwait's main exporting competitors in Iron Reductions were:
In 2023, Kuwait's main importing competitors in Iron Reductions were:

Explore Visualizations

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.

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