2023
Exports
$204MWorld Rnk 87 / 219
Flag Rnk 8 / 96
2023
PRODUCT COMPLEXITY IN Iron & steel
1.66Rnk 26 / 1025
2023
Imports
$797MWorld Rnk 74 / 224
Flag Rnk 11 / 96
2023
ECONOMIC COMPLEXITY of Kuwait
0.21Rnk 53 / 132

About

Exports In 2023, Kuwait exported $204M in Iron & steel, making it the 87th largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 8th most exported product in Kuwait. The main destination of Iron & steel exports from Kuwait are: India ($118M), Turkey ($40M), Pakistan ($15.4M), United Arab Emirates ($9.33M), and Saudi Arabia ($6.44M).

The fastest growing export markets for Iron & steel of Kuwait between 2022 and 2023 were India ($33.8M), Turkey ($14.8M), and United Arab Emirates ($7.17M).

Imports In 2023, Kuwait imported $797M in Iron & steel, becoming the 74th largest importer of Iron & steel in the world. At the same year, Iron & steel was the 11th most imported product in Kuwait. Kuwait imports Iron & steel primarily from: United Arab Emirates ($202M), China ($132M), Saudi Arabia ($110M), Netherlands ($86.3M), and Bahrain ($74.3M).

The fastest growing import markets in Iron & steel for Kuwait between 2022 and 2023 were Netherlands ($72.9M), Bahrain ($46.9M), and Saudi Arabia ($36.4M).

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 & steel. 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)$204M
IMPORTS (2023)$797M
NET TRADE (2023)-$593M

In 2023, Kuwait exported $204M in Iron & steel. The main destinations of Kuwait exports on Iron & steel were India ($118M), Turkey ($40M), Pakistan ($15.4M), United Arab Emirates ($9.33M), and Saudi Arabia ($6.44M).

In 2023, Kuwait imported $797M in Iron & steel, mainly from United Arab Emirates ($202M), China ($132M), Saudi Arabia ($110M), Netherlands ($86.3M), and Bahrain ($74.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR Kuwait WERE (2022 - 2023):
India$33.8M (40%)
Turkey$14.8M (58.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY Kuwait WERE (2022 - 2023):
Saudi Arabia-$69.6M (-91.5%)
Pakistan-$34.5M (-69.1%)
Hong Kong-$27.6M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Kuwait's main exporting competitors in Iron & steel were:
China $66.2B
Germany $32.6B
Japan $31.6B
In 2023, Kuwait's main importing competitors in Iron & steel were:

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Trade Value of Iron & steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $14.3M
TOP IMPORT POTENTIALChina+ $42M

Iron & steel’s highest export potential is India. With an export gap of $14.3M.   Iron & steel’s highest import potential is China with an import gap of $42M.

See methodology.

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