Kuwait

Compare Kuwait →

KW · KWT · BACI 414 · latest data 2024

Exports

$67.8B USD, nominal · 2024

= $67,753 M2.6% over 5 yrs (down)

Imports

$38.0B USD, nominal · 2024

= $38,024 M7.7% over 5 yrs (up)

Trade balancesurplus

$29.7B USD, nominal · 2024

= $29,729 M

Total trade

$105.8B USD, nominal · 2024

= $105,776 M0.9% over 5 yrs (up)

World position: #50 of 225 exporters · top 25% · #63 of 225 importers · top half · 2024
World export share since 1995: +0.1 pp

Trade timeline

Kuwait's exports grew from $10.2B in 1995 to $67.8B in 2024; the 2024 balance was $29.7B.

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Exports, imports, trade balance and total trade of Kuwait per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$10,150 M	$6,562 M	$3,588 M	$16,712 M
1996	$11,944 M	$7,252 M	$4,692 M	$19,196 M
1997	$12,516 M	$6,271 M	$6,245 M	$18,786 M
1998	$9,327 M	$7,190 M	$2,137 M	$16,518 M
1999	$12,632 M	$5,033 M	$7,600 M	$17,665 M
2000	$19,382 M	$6,848 M	$12,534 M	$26,229 M
2001	$16,136 M	$7,501 M	$8,635 M	$23,637 M
2002	$15,887 M	$8,832 M	$7,055 M	$24,720 M
2003	$20,436 M	$10,889 M	$9,547 M	$31,325 M
2004	$27,484 M	$13,124 M	$14,360 M	$40,607 M
2005	$38,835 M	$13,888 M	$24,947 M	$52,723 M
2006	$52,703 M	$18,647 M	$34,056 M	$71,351 M
2007	$60,387 M	$24,552 M	$35,835 M	$84,938 M
2008	$87,599 M	$28,525 M	$59,074 M	$116,125 M
2009	$54,130 M	$16,089 M	$38,042 M	$70,219 M
2010	$69,890 M	$25,845 M	$44,045 M	$95,736 M
2011	$98,487 M	$28,175 M	$70,312 M	$126,662 M
2012	$115,224 M	$25,405 M	$89,818 M	$140,629 M
2013	$111,703 M	$30,975 M	$80,728 M	$142,678 M
2014	$102,970 M	$34,093 M	$68,877 M	$137,064 M
2015	$58,664 M	$32,919 M	$25,745 M	$91,583 M
2016	$45,258 M	$32,215 M	$13,043 M	$77,472 M
2017	$57,339 M	$35,361 M	$21,978 M	$92,700 M
2018	$76,534 M	$36,307 M	$40,226 M	$112,841 M
2019	$69,526 M	$35,319 M	$34,207 M	$104,846 M
2020	$46,070 M	$29,837 M	$16,232 M	$75,907 M
2021	$66,552 M	$34,915 M	$31,637 M	$101,468 M
2022	$101,666 M	$37,030 M	$64,637 M	$138,696 M
2023	$70,962 M	$40,499 M	$30,464 M	$111,461 M
2024	$67,753 M	$38,024 M	$29,729 M	$105,776 M

30 rows

World share & rank

World export share moved from 0.2% in 1995 to 0.3% in 2024; export rank #48 → #50.

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World export and import share in percent, and world ranks, of Kuwait per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.20%	0.13%	#48	#58
1996	0.22%	0.14%	#47	#60
1997	0.22%	0.11%	#47	#63
1998	0.17%	0.13%	#53	#62
1999	0.22%	0.09%	#48	#71
2000	0.30%	0.11%	#46	#65
2001	0.26%	0.12%	#48	#66
2002	0.24%	0.13%	#51	#63
2003	0.27%	0.14%	#50	#62
2004	0.30%	0.14%	#49	#65
2005	0.37%	0.13%	#47	#67
2006	0.44%	0.15%	#43	#65
2007	0.43%	0.18%	#43	#64
2008	0.54%	0.18%	#40	#65
2009	0.43%	0.13%	#43	#74
2010	0.46%	0.17%	#44	#62
2011	0.55%	0.16%	#40	#65
2012	0.64%	0.14%	#36	#70
2013	0.61%	0.17%	#36	#65
2014	0.56%	0.19%	#38	#63
2015	0.37%	0.21%	#46	#60
2016	0.29%	0.21%	#48	#59
2017	0.33%	0.20%	#48	#59
2018	0.40%	0.19%	#45	#62
2019	0.38%	0.19%	#44	#63
2020	0.27%	0.17%	#48	#64
2021	0.31%	0.16%	#48	#64
2022	0.42%	0.15%	#42	#67
2023	0.31%	0.18%	#46	#61
2024	0.30%	0.17%	#50	#63

30 rows

Trading partners

China was Kuwait's top trading partner in 2024, at 17.7% of total trade; the top five partners covered 50.9%.

Year

Top partner share: 17.7%
Top-5 share: 50.9%
Partners: 204
Partner HHI (0–1): 0.071

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China $11.7B

South Korea $8.8B

India $8.4B

Japan $7.4B

France $3.8B

United Kingdom $3.6B

Other Asia, nes $3.4B

Pakistan $2.1B

Netherlands $1.7B

United States $1.7B

United Arab Emirates $1.3B

Egypt $913M

Saudi Arabia $913M

Italy $820M

Germany $411M

View partner table

Top partners of Kuwait in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	China	$11,722 M	$7,014 M	$18,736 M	$4,708 M
#2	India	$8,366 M	$2,442 M	$10,808 M	$5,923 M
#3	South Korea	$8,811 M	$772 M	$9,583 M	$8,039 M
#4	Japan	$7,388 M	$1,973 M	$9,361 M	$5,415 M
#5	United Arab Emirates	$1,349 M	$3,966 M	$5,316 M	−$2,617 M
#6	United States	$1,658 M	$3,546 M	$5,204 M	−$1,888 M
#7	France	$3,766 M	$1,150 M	$4,916 M	$2,616 M
#8	United Kingdom	$3,564 M	$602 M	$4,166 M	$2,962 M
#9	Other Asia, nes	$3,368 M	$169 M	$3,537 M	$3,199 M
#10	Saudi Arabia	$913 M	$2,021 M	$2,933 M	−$1,108 M
#11	Pakistan	$2,078 M	$227 M	$2,305 M	$1,851 M
#12	Netherlands	$1,744 M	$446 M	$2,190 M	$1,298 M
#13	Italy	$820 M	$1,243 M	$2,063 M	−$423 M
#14	Germany	$411 M	$1,551 M	$1,962 M	−$1,140 M
#15	Egypt	$913 M	$353 M	$1,266 M	$560 M

15 rows

Products & sectors

Product composition of Kuwait's trade in 2024.

Year

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Concentration & risk

Kuwait's export partners diversified over 1995–2024 — HHI 0.141 → 0.087, a diversified export base across 153 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Kuwait per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.141	0.094	64	63
1996	0.142	0.116	77	69
1997	0.158	0.098	91	82
1998	0.138	0.095	93	86
1999	0.126	0.078	91	80
2000	0.126	0.055	135	141
2001	0.130	0.055	142	145
2002	0.131	0.055	133	140
2003	0.115	0.057	143	147
2004	0.109	0.055	136	144
2005	0.104	0.058	123	116
2006	0.092	0.051	149	171
2007	0.092	0.053	156	181
2008	0.095	0.050	160	177
2009	0.093	0.056	158	115
2010	0.093	0.054	160	185
2011	0.099	0.056	166	194
2012	0.099	0.069	129	120
2013	0.100	0.053	159	191
2014	0.095	0.056	165	191
2015	0.081	0.059	168	191
2016	0.082	0.058	154	190
2017	0.090	0.062	159	194
2018	0.104	0.062	156	193
2019	0.105	0.063	159	197
2020	0.115	0.060	154	192
2021	0.136	0.064	159	200
2022	0.125	0.068	158	203
2023	0.109	0.067	159	198
2024	0.087	0.070	153	203

30 rows

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