Loading..

Kuwait Trade Summary

2016

Kuwait exports, imports, tariff by year.
Kuwait monthly trade data
Kuwait quarterly trade data

Country and Region
Year
For at a glance i.e. latest available trade, tariff, trade barriers and other trade related data Click Here.
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 2016

Overall Exports and Imports for Kuwait 2016

Exports and imports of Kuwait in 2016 are below, along with number of countries and products

  • The total value of exports (FoB) was 46,235 million.
  • The total value of imports (CIF) was 30,784 million.
  • At the HS6 digit level, 2,509 products were exported to 142 countries and 4,125 products were imported from 203 countries.

Kuwait top 5 Export and Import partners 2016

Top five countries to which Kuwait exported in 2016 are below, along with the percent of total exports that went to that country:

  1. Kuwait exports to Unspecified worth US$ 41,441 million, with a partner share of 89.63 percent.
  2. Kuwait exports to India worth US$ 734 million, with a partner share of 1.59 percent.
  3. Kuwait exports to Saudi Arabia worth US$ 700 million, with a partner share of 1.51 percent.
  4. Kuwait exports to United Arab Emirates worth US$ 547 million, with a partner share of 1.18 percent.
  5. Kuwait exports to China worth US$ 501 million, with a partner share of 1.08 percent.

Top five countries from which Kuwait imported goods in 2016 are below, along with percent of total imports that came from the country :

  1. Kuwait imports from China worth US$ 4,665 million, with a partner share of 15.15 percent.
  2. Kuwait imports from United States worth US$ 2,946 million, with a partner share of 9.57 percent.
  3. Kuwait imports from United Arab Emirates worth US$ 2,798 million, with a partner share of 9.09 percent.
  4. Kuwait imports from Japan worth US$ 2,010 million, with a partner share of 6.53 percent.
  5. Kuwait imports from Germany worth US$ 1,944 million, with a partner share of 6.31 percent.

Kuwait Top 5 Productsexports imports at HS 6 digit level 2016

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$ 30,694,076.70 million.
  2. Kuwait exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 9,177,466.49 million.
  3. Kuwait exported Propane, liquefied , worth US$ 849,596.89 million.
  4. Kuwait exported Butanes, liquefied , worth US$ 725,367.88 million.
  5. Kuwait exported p-Xylene , worth US$ 551,257.93 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$ 2,001,181.06 million.
  2. Kuwait imported Transmission apparatus, for radioteleph incorpo , worth US$ 995,910.32 million.
  3. Kuwait imported Automobiles with reciprocating piston engine di , worth US$ 764,794.61 million.
  4. Kuwait imported Art. of jewellery and pts thereof of/o prec mtl , worth US$ 697,991.59 million.
  5. Kuwait imported Other medicaments of mixed or unmixed products, , worth US$ 441,182.27 million.

Exports and Imports of Product Groups 2016

Exports and imports of products by stages of processing in 2016 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2016

Tariffs imposed by Kuwait in 2016 are below

  • The maximum rate of tariff in percentage on any product was 628.08 percent.
  • The simple average tariff across all products was 3.86 percent.
  • The trade weighted average tariff was 2.96 .
  • The total duty free imports in thousands of US dollars were 12,829,316.42 and duty free tariff line items share was 25.12 percent.

Development Indicators 2016

Key Development Indicators of Kuwait in 2016 are below

  • Kuwait GDP in current US dollar was 109,420 million.
  • GNI per capita, Atlas method (current US$) was 35,330.00 .
  • Kuwait Trade balance: as % of GDP was -0.90.
  • Trade balance in current US$ was -980.00 million.
  • Trade as percentage of GDP was 96.16 .
  • Trade in services as percentage of GDP was 29.13 .

Trade Indicators 2016

Trade Indicators for Kuwait in 2016 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 2.63.
  • World Growth in percentage was -1.24 and Kuwait Country Growth was -13.63 .