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Kuwait Trade Summary

2019

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 2019

Overall Exports and Imports for Kuwait 2019

Exports and imports of Kuwait in 2019 are below, along with number of countries and products

  • The total value of exports (FoB) was 64,482 million.
  • The total value of imports (CIF) was 33,531 million.
  • At the HS6 digit level, 2,611 products were exported to 146 countries and 4,110 products were imported from 199 countries.

Kuwait top 5 Export and Import partners 2019

Top five countries to which Kuwait exported in 2019 are below, along with the percent of total exports that went to that country:

  1. Kuwait exports to Unspecified worth US$ 58,674 million, with a partner share of 90.99 percent.
  2. Kuwait exports to Iraq worth US$ 960 million, with a partner share of 1.49 percent.
  3. Kuwait exports to China worth US$ 911 million, with a partner share of 1.41 percent.
  4. Kuwait exports to India worth US$ 805 million, with a partner share of 1.25 percent.
  5. Kuwait exports to Saudi Arabia worth US$ 658 million, with a partner share of 1.02 percent.

Top five countries from which Kuwait imported goods in 2019 are below, along with percent of total imports that came from the country :

  1. Kuwait imports from China worth US$ 5,988 million, with a partner share of 17.86 percent.
  2. Kuwait imports from United States worth US$ 3,052 million, with a partner share of 9.10 percent.
  3. Kuwait imports from United Arab Emirates worth US$ 2,821 million, with a partner share of 8.41 percent.
  4. Kuwait imports from Japan worth US$ 2,113 million, with a partner share of 6.30 percent.
  5. Kuwait imports from Saudi Arabia worth US$ 2,076 million, with a partner share of 6.19 percent.

Kuwait Top 5 Productsexports imports at HS 6 digit level 2019

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 46,539,357.99 (US$ Thousands).
  2. Kuwait exported Petroleum oils, etc, (excl. crude); preparation , worth 9,924,675.15 (US$ Thousands).
  3. Kuwait exported Propane, liquefied , worth 1,262,965.46 (US$ Thousands).
  4. Kuwait exported Butanes, liquefied , worth 957,491.26 (US$ Thousands).
  5. Kuwait exported Sulphonated, nitrated or nitrosated derivatives , worth 786,591.54 (US$ Thousands).

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 2,123,123.08 (US$ Thousands).
  2. Kuwait imported Transmission apparatus, for radioteleph incorpo , worth 1,561,282.19 (US$ Thousands).
  3. Kuwait imported Automobiles with reciprocating piston engine di , worth 811,466.90 (US$ Thousands).
  4. Kuwait imported Other medicaments of mixed or unmixed products, , worth 729,818.95 (US$ Thousands).
  5. Kuwait imported Art. of jewellery and pts thereof of/o prec mtl , worth 692,457.97 (US$ Thousands).

Exports and Imports of Product Groups 2019

Exports and imports of products by stages of processing in 2019 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2019

Tariffs imposed by Kuwait in 2019 are below

  • The maximum rate of tariff in percentage on any product was 1,327.21 percent.
  • The simple average tariff across all products was 3.90 percent.
  • The trade weighted average tariff was 4.51 .
  • The total duty free imports in thousands of US dollars were 13,818,842.64 and duty free tariff line items share was 25.53 percent.

Development Indicators 2019

Key Development Indicators of Kuwait in 2019 are below

  • Kuwait GDP in current US dollar was 136,192 million.
  • GNI per capita, Atlas method (current US$) was 34,490.00 .
  • Kuwait Trade balance: as % of GDP was 8.40.
  • Trade balance in current US$ was 11,445.00 million.
  • Trade as percentage of GDP was 98.18 .
  • Trade in services as percentage of GDP was 28.09 .

Trade Indicators 2019

Trade Indicators for Kuwait in 2019 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 2.77.
  • World Growth in percentage was -1.34 and Kuwait Country Growth was -4.82 .