Kuwait"s minerals market is witnessing a notable shift, underscored by a decline in ores and metals exports as a percentage of total merchandise exports, dropping from 0. 19% in 2020 to 0. 07% in 2022. This suggests a critical gap in leveraging Kuwait"s mineral resources like Cassitrite and Chalcopyrite. Despite the prevalence of oil, which dominates the export landscape at over 96%, minerals remain an underexploited sector with potential for diversification and economic resilience. Concurrently, ores and metals imports have shown a slight decrease from 2. 89% in 2021 to 2. 71% in 2022, indicating a steady demand for mineral imports.

This trend highlights an opportunity for investment in local mining operations and technological advancements to enhance productivity and reduce import dependency. As Kuwait aims to diversify its economy, the minerals sector presents an attractive avenue for growth. Globally, the move towards sustainable mining practices presents an opportunity for Kuwait to align its sector reforms with international standards, improving competitiveness. Enhanced focus on minerals like Chromite and Sphalerite could position Kuwait as a notable player in the regional minerals market, attracting foreign investment and technological partnerships. Aritral, an AI-driven B2B platform, simplifies international trade in commodities, offering services such as Product Listing, Direct Communication, Global Sales Assistance, and AI-Powered Marketing. These services can be instrumental for Kuwaiti businesses seeking to capitalize on mineral market opportunities by connecting with global buyers and suppliers, enhancing their profile management, and expanding their market reach efficiently.