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Kuwait Trade Summary

2014

Kuwait exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR KUWAIT 2014

Overall Exports and Imports for Kuwait 2014

Exports and imports of Kuwait in 2014 are below, along with number of countries and products

  • The total value of exports (FoB) was 101,132 million.
  • The total value of imports (CIF) was 31,489 million.
  • At the HS6 digit level, 2,697 products were exported to 152 countries and 4,227 products were imported from 195 countries.

Kuwait top 5 Export and Import partners 2014

Top five countries to which Kuwait exported in 2014 are below, along with the percent of total exports that went to that country:

  1. Kuwait exports to Unspecified worth US$ 94,499 million, with a partner share of 93.44 percent.
  2. Kuwait exports to China worth US$ 1,039 million, with a partner share of 1.03 percent.
  3. Kuwait exports to India worth US$ 891 million, with a partner share of 0.88 percent.
  4. Kuwait exports to United Arab Emirates worth US$ 839 million, with a partner share of 0.83 percent.
  5. Kuwait exports to Saudi Arabia worth US$ 746 million, with a partner share of 0.74 percent.

Top five countries from which Kuwait imported goods in 2014 are below, along with percent of total imports that came from the country :

  1. Kuwait imports from China worth US$ 4,452 million, with a partner share of 14.14 percent.
  2. Kuwait imports from United States worth US$ 3,077 million, with a partner share of 9.77 percent.
  3. Kuwait imports from United Arab Emirates worth US$ 2,953 million, with a partner share of 9.38 percent.
  4. Kuwait imports from Japan worth US$ 2,236 million, with a partner share of 7.10 percent.
  5. Kuwait imports from Germany worth US$ 2,099 million, with a partner share of 6.67 percent.

Kuwait Top 5 Productsexports imports at HS 6 digit level 2014

The top five exported HS 6 digit level products to world by Kuwait along with trade value are:

  1. Kuwait exported Petroleum oils and oils obtained from bituminou , worth US$ 69,298,183.25 million.
  2. Kuwait exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 22,828,855.55 million.
  3. Kuwait exported Propane, liquefied , worth US$ 1,347,133.00 million.
  4. Kuwait exported Butanes, liquefied , worth US$ 1,038,928.58 million.
  5. Kuwait exported Ethylene glycol (ethanediol) , worth US$ 994,610.99 million.

The top five imported HS 6 digit level products from world by Kuwait along with trade value are

  1. Kuwait imported Automobiles with reciprocating piston engine di , worth US$ 2,124,213.79 million.
  2. Kuwait imported Automobiles with reciprocating piston engine di , worth US$ 1,219,271.34 million.
  3. Kuwait imported Transmission apparatus, for radioteleph incorpo , worth US$ 952,869.22 million.
  4. Kuwait imported Gold in unwrought forms non-monetary , worth US$ 739,033.48 million.
  5. Kuwait imported Art. of jewellery and pts thereof of/o prec mtl , worth US$ 655,915.60 million.

Exports and Imports of Product Groups 2014

Exports and imports of products by stages of processing in 2014 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2014

Tariffs imposed by Kuwait in 2014 are below

  • The maximum rate of tariff in percentage on any product was 611.74 percent.
  • The simple average tariff across all products was 3.90 percent.
  • The trade weighted average tariff was 3.14 .
  • The total duty free imports in thousands of US dollars were 10,896,757.02 and duty free tariff line items share was 24 percent.

Development Indicators 2014

Key Development Indicators of Kuwait in 2014 are below

  • Kuwait GDP in current US dollar was 162,631 million.
  • GNI per capita, Atlas method (current US$) was 51,000.00 .
  • Kuwait Trade balance: as % of GDP was 36.98.
  • Trade balance in current US$ was 60,134.00 million.
  • Trade as percentage of GDP was 100.04 .
  • Trade in services as percentage of GDP was 18.48 .

Trade Indicators 2014

Trade Indicators for Kuwait in 2014 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 2.51.
  • World Growth in percentage was 0.12 and Kuwait Country Growth was -4.58 .