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What are the goods exported to Kuwait?‎

7% IN 1997)

According to statistics, the most important goods exported by Iran to Kuwait in ‎‎2018 are as follows:‎Mineral products: gypsum, lime, cement, sulfur, salt, and stoneIron and steelSheep and other live animalsOilseedsFood products such as flour, cereals, dairy productsTypes of vegetables and agricultural productsFish and other marine fishFruits and citrus fruits, watermelonWorks of art and cultureBuilding materialsIn addition to the above products, various other goods are exported to Kuwait

The ‎sale of crude oil accounts for 90% of GDP and 75% of the government budget

In addition to the above products, various other goods are exported to Kuwait. Although the list ‎of goods to be exported to Kuwait may change each year, many of the products exported are ‎often the same each year.‎ The second Gulf War and the occupation of Kuwait in 1990 dealt a fatal blow to Kuwait's ‎economy, squandering more than $ 100 billion in foreign reserves and investments. The total ‎damage to Kuwait as a result of its occupation by Iraq is estimated at more than $ 109.44 ‎billion. The structure of Kuwait's economy did not change after the Persian ‎Gulf‎ War. The country's GDP increased after 1993 after a decline due to the occupation.‎

Kuwait is a small but restricted economy that is heavily dependent on Crude oil exports. The ‎sale of crude oil accounts for 90% of GDP and 75% of the government budget. The global oil ‎crisis of late 1998 and early 1999 reduced the country's budget from $ 5.5 billion to $ 3 billion, ‎creating widespread problems for Kuwait's economy.‎ Of course, much of Kuwait's economic woes over the past 10 years are due to the devastating ‎effects of Iraq's 1990 invasion of the country's oil facilities. Funding for the reconstruction of ‎cities and economic units on the one hand, and the cost of sending US troops to defend Kuwait ‎against Iraq's ambitious threats, has prompted the Kuwaiti government to attract foreign ‎investment in recent years.‎

Examining it will help Iranian businessmen and traders to better analyze and study trade with ‎this country. According to statistics, the most important goods exported by Iran to Kuwait in ‎‎2018 are as follows:‎

  • Mineral products: gypsum, lime, cement, sulfur, salt, and stone
  • Iron and steel
  • Sheep and other live animals
  • Oilseeds
  • Food products such as flour, cereals, Dairy products
  • Types of Vegetables and agricultural products
  • Fish and other marine fish
  • Fruits and citrus fruits, watermelon
  • Works of art and culture
  • Building materials

Kuwait has a good per capita income due to its small population and relatively high GDP. The ‎average per capita income of the Kuwaiti people, which was about $ 12,500 in 1999, rose to ‎about $ 14,000 in 2000. Few people live below the poverty line in this country and most of the ‎families have a relatively prosperous life. The tendency for luxuries and rituals, which is a ‎subculture in Kuwaiti families, stems from this relative social well-being. The economic ‎inflation rate in Kuwait is estimated at less than 2%, which is a reasonable rate (it was about ‎‎8.7% in 1997). Kuwait has a workforce of one million, most of whom are immigrants from ‎neighboring countries. Fifty percent of Kuwait's workforce is employed in government and ‎social services, 40 percent in services, and 10 percent in industry and agriculture.‎

Kuwait is a good buyer of food, building materials, vegetables, and clothing from neighboring ‎countries. The official currency of Kuwait is the dinar, which is divided into one thousand ‎scales. Each US dollar is currently equal to 0.28073 Kuwaiti dinars (December 18, 2011) ‎Kuwait is one of the 20 most expensive cities in the world in terms of the high cost of living.‎

After 1991, Kuwait's former economic problems were linked to the devastating consequences ‎of the second Gulf War, and there was an urgent need to change the country's economic ‎structure. The Kuwaiti government enlisted the advice of the World Bank and the International ‎Monetary Fund to follow this path and solve its fundamental economic problems. In 1993, ‎expert delegations from the two organizations visited Kuwait and recommended the ‎implementation of an economic reform program, the main focus of which is:‎

  1. Privatization
  2. ‎Elimination of subsidies and free services, increase of taxes

Kuwait has invested directly and indirectly in European, American, and Asian countries. The ‎largest of these investments are in seven industrialized countries.‎ Kuwait's trade balance in 1997 and 1998 was $ 7.1 billion and $ 641 million, respectively. Also, ‎the current account balance of this country in the above years reached 7.9 billion and 2.9 billion ‎dollars, respectively. Crude oil, petrochemicals, Food products, construction metals, and salt are ‎the main industrial and mineral products of Kuwait.‎

Kuwait also can generate 27 billion kilowatt-hours of electricity, all of which are supplied by ‎thermal power plants and consumed by domestic units. Kuwait has little agriculture and its ‎fishing activities are limited to fishing and shrimp. The United States, Japan, South Korea, ‎India, Singapore, the United Kingdom, Germany, and Italy are Kuwait's largest trading partners.‎ The Emirate of Kuwait with an area of 17.818 square kilometers and a population of about two ‎million people is located in the north of the Arabian Peninsula and northwest of the Persian ‎Gulf‎ between 8 and 30 degrees latitude 46 and 48 degrees east longitude and from north to Iraq, ‎from south to Saudi arabia is bounded on the east by the Persian Gulf‎. 

Kuwait is flat and ‎desert land with a sandy surface and no natural features such as mountains and rivers. Since ‎political, economic, social, etc. activities revolve around the city (Kuwait), in terms of area and ‎population, the concept of city-state can be applied to Kuwait. 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.‎

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