Kuwait's Market Overview
Kuwait has land borders with Iraq and Saudi Arabia and water borders with Iran via the Persian Gulf. Kuwait economy is largely based on oil and fossil fuels. Al-Ahmadi, Shoaib, Shoaikh, Al-Zour, Doha, Abdullah ports are main transition ways. Economic activists in the Kuwait port and southern regions of the country such as Khuzestan, Bushehr, and Bandar Abbas. Most of Kuwait's exports go to countries such as India, the United Arab Emirates, Iraq, Pakistan, Oman, and China. The sale of crude oil accounts for 90% of GDP and 75% of the government budget.
Location and History of Kuwait
Kuwait is neighboring Saudi Arabia and Iraq, the country is smaller in size than all of its neighbors and sometimes smaller than one of their provinces, but its reputation around the world is complex. What are the characteristics of Kuwait that we hear its name from time to time? Residents of the southern cities of our country may know more about Kuwait.
Historically, the first steps in the establishment of Kuwait were taken by the Al-Hamid and Al-Sabah families. However, Iraq has always made claims to its territory that led to the second Persian Gulf War. Currently, Kuwait is one of the safest countries in the region and has good relations with many countries in the world.
Location and History of Kuwait, Read More ...
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Religion, Currency and economy of Kuwait
This is most of the citizens of Kuwait Islam. There are no official statistics on followers of Islamic religions in Kuwait, but it is estimated that 70% of Kuwaiti citizens are Sunni and 30% Shiite.
The above information shows that Kuwait's economy is in very good condition and economic actors can safely do business with this country. This information also helps us to have a good perspective on the economic situation of this country on the Persian Gulf.
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- Kuwait Natural Stones Market
- Kuwait Minerals Market
- Kuwait Petroleum Market
- Kuwait Gemstones Market
- Kuwait Construction Materials Market
- Kuwait Chemicals Market
- Kuwait Metals Market
- Kuwait Petrochemicals Market
- Kuwait Real estates Market
- Kuwait Food Market
- Kuwait Crops Market
- Kuwait art and craft Market
Ports of Kuwait
Al-Ahmadi Port: Al-Ahmadi Port is the largest oil port in Kuwait with four anchorages. The northern wharf of Bandar al-Ahmadi can be used for both the export of crude oil and refined products.
Only the local agent is authorized to clear items at Kuwait Customs by showing an official letter of representation as well as a letter by the end-user.
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Kuwait Public Information; what do we know about our southern neighbor?
Exports to Kuwait have always been attracted to our country's businessmen, but in many cases, even novices enter the country without knowing and understanding it accurately.
Therefore, the diversity of ethnicities and nationalities in this country, along with the strong presence of the Iranian population, can be a positive point for Iranian businessmen who intend to export to Kuwait.
Kuwait Public Information; what do we know about our southern neighbor?, Read More ...
How is Kuwait's trade with the world and Iran?
Kuwait does not have a large volume of non-oil exports. Most of the country's exports are based on exports of oil and fossil fuels. Most of Kuwait's exports go to countries such as India, the United Arab Emirates, Iraq, Pakistan, Oman, and China.
In 2018, Iran exported more than $ 350 million worth of goods to Kuwait. The chart above shows that there have been two significant jumps in the export of Iranian goods to Kuwait, the first being in 2013 and the second in 2018. It should be noted that statistics for 2009 and 2012 were not available.
How is Kuwait's trade with the world and Iran?, Read More ...
What are the goods exported to Kuwait?
In the previous section, we mentioned the most important import needs of Kuwait, which is imported by this country every year. Here we are going to list the goods exported to Kuwait by Iran.
The country has several islands on the shores of the Persian Gulf, the most important and largest of which are: Bobian, Filke, Varya, Meskan, Awah, Umm al-Niml, Qarawara, Umm al-Muradam, and Kabar. Due to its geographical location, Kuwait has always been an important center for shipping and maritime activities.
What are the goods exported to Kuwait?, Read More ...