Kuwait

ECON COMPLEXITY (2018)

0.27

RANK 54 OF 137

PRODUCT EXPORTS (2018)

$63.6B

RANK 47 OF 222

EXPORTS PER CAPITA (2018)

$15.4K

RANK 60 OF 219

PRODUCT IMPORTS (2018)

$34B

RANK 64 OF 221

IMPORTS PER CAPITA (2018)

$8.22k

RANK 67 of 219

SERVICE EXPORTS (2018)

$7.51B

RANK 35 OF 88

SERVICE IMPORTS (2018)

$31.7B

RANK 18 OF 88

GDP (2018)

$141B

CURRENT US$
RANK 56 OF 196

GDP GROWTH (2008-2018)

-4.58%

CURRENT US$
RANK 178 OF 196

GDP PC (2018)

$33,994

CURRENT US$
RANK 30 OF 196

GDP PC GROWTH (2008-2018)

-38.7%

Overview: This page contains the latest international trade data for Kuwait, including service trade data, and tariffs. In 2018 Kuwait was the number 56 economy in the world in terms of GDP (current US$), the number 47 in total exports, the number 64 in total imports, and the number 54 most complex economy according to the Economic Complexity Index (ECI). In 2018, Kuwait exported $63.6B and imported $34B, resulting in a positive trade balance of $29.6B. In 2018, Kuwait’s exports per capita were $15.4k and its imports per capita were $8.22k.

Trade: The top exports of Kuwait are Crude Petroleum ($45.8B), Refined Petroleum ($7.36B), Petroleum Gas ($2.3B), Acyclic Alcohols($1.14B), and Cyclic Hydrocarbons ($984M). The top imports of Kuwait are Cars ($2.95B), Broadcasting Equipment ($1.14B), Gold ($646M), Packaged Medicaments ($641M), and Jewellery ($628M).

Destinations: Kuwait exports mostly to China ($13.6B), South Korea($11.4B), India ($7.44B), Japan ($6.11B), and Chinese Taipei ($4.6B), and imports mostly from China ($4.36B), United Arab Emirates($4.07B), United States ($3.09B), Saudi Arabia ($2.21B), and Japan($1.88B).

Location: Kuwait borders Iraq and Saudi Arabia by land and Iran by sea.

Exports

In 2018 Kuwait exported a total of $63.6B, making it the number 47 exporter in the world. During the last five reported years the exports of Kuwait have changed by -$29.5B from $93.1B in 2013 to $63.6B in 2018.

The most recent exports are led by Crude Petroleum ($45.8B), Refined Petroleum ($7.36B), Petroleum Gas ($2.3B), Acyclic Alcohols ($1.14B), and Cyclic Hydrocarbons ($984M).

Imports

In 2018 Kuwait imported $34B, making it the number 64 trade destination in the world. During the last five reported years the imports of Kuwait changed by $3.36B from $30.7B in 2013 to $34B in 2018.

The most recent imports of Kuwait are led by Cars ($2.95B), Broadcasting Equipment ($1.14B), Gold ($646M), Packaged Medicaments ($641M), and Jewellery ($628M).

Trade Balance

As of 2018 Kuwait had a positive trade balance of $12.5B in net exports. As compared to their trade balance in 1995 when they still had a positive trade balance of $2.92B in net exports.

Destinations

The most common destination for the exports of Kuwait are China ($13.6B), South Korea ($11.4B), India ($7.44B), Japan ($6.11B), and Chinese Taipei ($4.6B).

Origins

The most common import partners for Kuwait are China ($4.36B), United Arab Emirates ($4.07B), United States ($3.09B), Saudi Arabia ($2.21B), and Japan ($1.88B).