2022
Exports
$14.8MWorld Rnk 71 / 222
Flag Rnk 99 / 947
2022
PRODUCT COMPLEXITY IN Other Iron Products
0.8Rnk 243 / 1025
2022
Imports
$87.1MWorld Rnk 73 / 225
Flag Rnk 157 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $14.8M in Other Iron Products, making it the 71st largest exporter of Other Iron Products in the world. At the same year, Other Iron Products was the 99th most exported product in Kuwait. The main destination of Other Iron Products exports from Kuwait are: Saudi Arabia ($5.47M), United Arab Emirates ($3.88M), Qatar ($2.34M), Bahrain ($901k), and Egypt ($816k).

The fastest growing export markets for Other Iron Products of Kuwait between 2021 and 2022 were Saudi Arabia ($4.69M), United Arab Emirates ($2.95M), and Qatar ($1.88M).

Imports In 2022, Kuwait imported $87.1M in Other Iron Products, becoming the 73rd largest importer of Other Iron Products in the world. At the same year, Other Iron Products was the 157th most imported product in Kuwait. Kuwait imports Other Iron Products primarily from: China ($24.5M), Saudi Arabia ($13.3M), United States ($7.09M), United Arab Emirates ($6.19M), and India ($4.87M).

The fastest growing import markets in Other Iron Products for Kuwait between 2021 and 2022 were Saudi Arabia ($11.5M), United States ($3.15M), and Oman ($2.66M).

Latest Trends

Jul 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 Other Iron Products. 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)$14.8M
IMPORTS (2022)$87.1M
NET TRADE (2022)-$72.3M

In 2022, Kuwait exported $14.8M in Other Iron Products. The main destinations of Kuwait exports on Other Iron Products were Saudi Arabia ($5.47M), United Arab Emirates ($3.88M), Qatar ($2.34M), Bahrain ($901k), and Egypt ($816k).

In 2022, Kuwait imported $87.1M in Other Iron Products, mainly from China ($24.5M), Saudi Arabia ($13.3M), United States ($7.09M), United Arab Emirates ($6.19M), and India ($4.87M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Iron Products EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Saudi Arabia$4.69M (607%)
Qatar$1.88M (407%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Iron Products BY Kuwait WERE (2021 - 2022):
Iran-$697k (-90.2%)
India-$137k (-89.4%)
Djibouti-$90.3k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Other Iron Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSaudi Arabia+ $2.21M
TOP IMPORT POTENTIALChina+ $12.8M

Other Iron Products’s highest export potential is Saudi Arabia. With an export gap of $2.21M.   Other Iron Products’s highest import potential is China with an import gap of $12.8M.

See methodology.

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