2022
Exports | Imports
$99.9M | $215MWorld Rnk 57 / 212
Flag Rnk 31 / 947
World Rnk 37 / 187
Flag Rnk 70 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.16Rnk 53 / 124
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.5Rnk 699 / 1025

About

Exports In 2022, Kuwait exported $99.9M in Scrap Iron, making it the 57th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 31st most exported product in Kuwait. The main destination of Scrap Iron exports from Kuwait are: India ($62.1M), Pakistan ($36.9M), United Arab Emirates ($718k), Netherlands ($218k), and South Africa ($20).

The fastest growing export markets for Scrap Iron of Kuwait between 2021 and 2022 were India ($19.9M), United Arab Emirates ($435k), and South Africa ($20).

Imports In 2022, Kuwait imported $215M in Scrap Iron, becoming the 37th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 70th most imported product in Kuwait. Kuwait imports Scrap Iron primarily from: United States ($168M), Iran ($33.5M), Netherlands ($13.3M), and Australia ($29.7k).

The fastest growing import markets in Scrap Iron for Kuwait between 2021 and 2022 were United States ($153M), Iran ($33.5M), and Australia ($29.7k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Scrap Iron from Kuwait to the United States.

Latest Trends

Jan 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 Scrap Iron. 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)$99.9M
IMPORTS (2022)$215M
NET TRADE (2022)-$115M

In 2022, Kuwait exported $99.9M in Scrap Iron. The main destinations of Kuwait exports on Scrap Iron were India ($62.1M), Pakistan ($36.9M), United Arab Emirates ($718k), Netherlands ($218k), and South Africa ($20).

In 2022, Kuwait imported $215M in Scrap Iron, mainly from United States ($168M), Iran ($33.5M), Netherlands ($13.3M), and Australia ($29.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
India$19.9M (47.1%)
South Africa$20 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Kuwait WERE (2021 - 2022):
Pakistan-$50.2M (-57.6%)
Sweden-$2.24M (-100%)
Malaysia-$280k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Scrap Iron were:
In 2022, Kuwait's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

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