Kuwait | Imports and Exports | World | Iron and steel | Value (US$) and Value Growth, YoY (%) | 2011 - 2023
The value of exports of commodity group 72 "Iron and steel" from Kuwait totalled $ 76 million in 2023. Sales of commodity group 72 from Kuwait went up by 87% compared to 2022: exports of commodity group 72 "Iron and steel" went up by $ 35 million (cumulative exports of commodity group 72 from Kuwait amounted $41 million in 2022)
Exports of commodity group 72 "Iron and steel" amounted to 0.091% of total exports from Kuwait (cumulative merchandise exports from Kuwait totalled $ 83 billion in 2023). The share of commodity group 72 in total exports from Kuwait decreased by 0.042 p.p. compared to 2022 (it was 0.134% in 2022 and cumulative exports from Kuwait were equal to $ 30 billion).
Where does Kuwait export Iron and steel?
Top export destinations of "Iron and steel" from Kuwait in 2023:
- India with a share of 49% (37 million US$)
- United Arab Emirates with a share of 18.1% (13.9 million US$)
- Saudi Arabia with a share of 15.4% (11.8 million US$)
- Slovenia with a share of 3.65% (2.8 million US$)
- Italy with a share of 1.89% (1.45 million US$)
- Netherlands with a share of 1.81% (1.39 million US$)
- United Kingdom with a share of 1.12% (860 thousand US$)
- Japan with a share of 1.05% (810 thousand US$)
- Qatar with a share of 1% (769 thousand US$)
- Turkey - 717 thousand US$
Exports structure of 72 - Iron and steel - from Kuwait in 2023 represented by the following main commodity groups:
- 35% (27 million US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
- 17.3% (13.3 million US$): 7202 - Ferro-alloys.
- 13.1% (10 million US$): 7203 - Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94 %, in lumps, pellets or similar forms
- 10.5% (8.08 million US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
- 10.1% (7.78 million US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 8.68% (6.66 million US$): 7219 - Flat-rolled products of stainless steel, of a width of 600 mm or more
- 2.35% (1.8 million US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 0.877% (672 thousand US$): 7228 - Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel
- 0.607% (465 thousand US$): 7207 - Semi-finished products of iron or non-alloy steel
- 0.437% (335 thousand US$): 7201 - Pig iron and spiegeleisen in pigs, blocks or other primary forms
The value of imports of commodity group 72 "Iron and steel" to Kuwait totalled $ 781 million in 2023. Sales of commodity group 72 to Kuwait went up by 170% compared to 2022: imports of commodity group 72 "Iron and steel" went up by $ 491 million (the value of imports of commodity group 72 to Kuwait was equal to $289 million in 2022)
Imports of commodity group 72 "Iron and steel" accounted for 2.08% of total import flow to Kuwait (in 2023, total imports to Kuwait amounted to $ 37 billion). The share of commodity group 72 in total imports to Kuwait decreased by 0.543 p.p. compared to 2022 (it was 2.62% in 2022 and cumulative imports to Kuwait were equal to $ 11 billion).
Where does Kuwait import Iron and steel from?
Top trading partners (import of "Iron and steel") of Kuwait in 2023:
- United Arab Emirates with a share of 26% (203 million US$)
- China with a share of 18.2% (142 million US$)
- Saudi Arabia with a share of 14.2% (111 million US$)
- Bahrain with a share of 9.56% (74 million US$)
- Qatar with a share of 7.51% (58 million US$)
- Netherlands with a share of 6.85% (53 million US$)
- Japan with a share of 3.97% (31 million US$)
- India with a share of 3.88% (30 million US$)
- Oman with a share of 2.55% (19.9 million US$)
- Korea with a share of 2.21% (17.3 million US$)
Imports structure of 72 - Iron and steel - to Kuwait in 2023 represented by the following main commodity groups:
- 26% (208 million US$): 7203 - Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94 %, in lumps, pellets or similar forms
- 15% (117 million US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 10.8% (84 million US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 8.87% (69 million US$): 7213 - Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel
- 8.34% (65 million US$): 7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
- 6.84% (53 million US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
- 6.23% (48 million US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
- 3.53% (27 million US$): 7225 - Flat-rolled products of other alloy steel, of a width of 600 mm or more
- 2.95% (23 million US$): 7226 - Flat-rolled products of other alloy steel, of a width of less than 600 mm
- 1.79% (13.9 million US$): 7202 - Ferro-alloys.
