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Kuwait Trade Summary

2020

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 2020

Overall Exports and Imports for Kuwait 2020

Exports and imports of Kuwait in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 40,166 million.
  • The total value of imports (CIF) was 28,344 million.
  • At the HS6 digit level, 2,378 products were exported to 143 countries and 4,080 products were imported from 200 countries.

Kuwait top 5 Export and Import partners 2020

Top five countries to which Kuwait exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Kuwait exports to Unspecified worth US$ 35,852 million, with a partner share of 89.26 percent.
  2. Kuwait exports to Saudi Arabia worth US$ 673 million, with a partner share of 1.68 percent.
  3. Kuwait exports to China worth US$ 597 million, with a partner share of 1.49 percent.
  4. Kuwait exports to United Arab Emirates worth US$ 551 million, with a partner share of 1.37 percent.
  5. Kuwait exports to India worth US$ 519 million, with a partner share of 1.29 percent.

Top five countries from which Kuwait imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Kuwait imports from China worth US$ 4,936 million, with a partner share of 17.41 percent.
  2. Kuwait imports from United States worth US$ 2,409 million, with a partner share of 8.50 percent.
  3. Kuwait imports from United Arab Emirates worth US$ 2,337 million, with a partner share of 8.24 percent.
  4. Kuwait imports from Japan worth US$ 1,670 million, with a partner share of 5.89 percent.
  5. Kuwait imports from Saudi Arabia worth US$ 1,648 million, with a partner share of 5.81 percent.

Kuwait Top 5 Productsexports imports at HS 6 digit level 2020

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$ 28,629,492.31 million.
  2. Kuwait exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 5,393,395.26 million.
  3. Kuwait exported Propane, liquefied , worth US$ 1,057,504.45 million.
  4. Kuwait exported Butanes, liquefied , worth US$ 766,360.99 million.
  5. Kuwait exported Sulphonated, nitrated or nitrosated derivatives , worth US$ 687,743.73 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$ 1,833,696.11 million.
  2. Kuwait imported Transmission apparatus, for radioteleph incorpo , worth US$ 1,135,851.70 million.
  3. Kuwait imported Other medicaments of mixed or unmixed products, , worth US$ 858,998.17 million.
  4. Kuwait imported Automobiles with reciprocating piston engine di , worth US$ 622,732.28 million.
  5. Kuwait imported Art. of jewellery and pts thereof of/o prec mtl , worth US$ 489,547.15 million.

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Kuwait in 2020 are below

  • The maximum rate of tariff in percentage on any product was 107.36 percent.
  • The simple average tariff across all products was 3.84 percent.
  • The trade weighted average tariff was 3.01 .
  • The total duty free imports in thousands of US dollars were 12,877,529.04 and duty free tariff line items share was 25.53 percent.

Development Indicators 2020

Key Development Indicators of Kuwait in 2020 are below

  • Kuwait GDP in current US dollar was 105,949 million.
  • GNI per capita, Atlas method (current US$) was 31,370.00 .
  • Kuwait Trade balance: as % of GDP was not available.
  • Trade balance in current US$ was not available.
  • Trade as percentage of GDP was not available .
  • Trade in services as percentage of GDP was 24.87 .

Trade Indicators 2020

Trade Indicators for Kuwait in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.11.
  • Index of export market penetration was 2.79.
  • World Growth in percentage was -3.75 and Kuwait Country Growth was -18.81 .