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Kuwait – Trade Statistics

  • Kuwait is the 40th largest export economy in the world and the 47th most complex economy according to the Economic Complexity Index (ECI). In 2014, Kuwait exported $87.4B and imported $34.6B, resulting in a positive trade balance of $52.8B. In 2014 the GDP of Kuwait was $163B and its GDP per capita was $73.2k.
  • The top exports of Kuwait are Crude Petroleum ($57.5B), Refined Petroleum ($17.7B), Petroleum Gas ($3.4B), Cyclic Hydrocarbons ($1.63B) and Acyclic Alcohols ($1.16B), using the 1992 revision of the HS (Harmonized System) classification.
  • Its top imports are Cars ($3.8B), Refined Petroleum ($932M), Petroleum Gas ($876M), Broadcasting Equipment ($864M) and Passenger and Cargo Ships ($856M).
  • The top export destinations of Kuwait are South Korea ($15.3B), India ($13.8B), Japan ($11.1B), the United States ($10.1B) and China ($9.3B).
  • The top import origins are China ($4.46B), the United States ($3.82B), the United Arab Emirates ($2.9B), Japan ($2.19B) and South Korea ($2.07B).
  • Kuwait holds a place of 101th out of 189 popular countries(economically) in case of doing a business in country.’Getting Credit’ is one of the topics in which Kuwait has decreased it’s ranking from 105 to 109. But the country has increased it’s ranking from 150 to 148 in case of ‘Starting a Business’.