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Kuwait export

Kuwait Export Data

Kuwait was previously known as Qurain. Situated on the periphery of Eastern Arabia, the nation is situated in Western Asia. Iraq, Saudi Arabia, and Iran are the three nations that Kuwait borders. In terms of land area, Kuwait is among the smaller nations in Asia. Kuwait is now ranked 158th in the world in terms of land area, with 17,818 km^2 under its belt. According to Kuwait trade statistics for 2022, out of 226 countries, Kuwait was the world's 44th largest exporter of products. In 2022, Kuwait's merchandise exports brought in $110.92 billion. Kuwait's total exports of commodities fell by 51% from 2021 to 2022. Exports of goods fell by $32 billion. Kuwait has emerged as a significant player in the global trade market, and understanding its export data is vital for businesses and policymakers. Let us now delve into Kuwait's export data for the year 2022 and provide a comprehensive analysis of the trends, opportunities, and challenges.

Kuwait Export Data | Kuwait Trade Data

44

The country has been ranked 44th in global exports, showing a significant position in the international trade and export landscape.

0.47%

With a mere 0.47% share in global export trade, it becomes evident that its presence in the international export market is fairly on the rise.

AREAS, NES

Areas Nes holds a significant role as the largest export partner of the country in terms of goods exports in the global market.

PETROLEUM OILS AND CRUDE

Petroleum oil and crude are the major and biggest export commodities of the country, playing a vital role in its economy.

export

Top 10 Exports of Kuwait

The diversification of export products, expanding market presence, and emerging opportunities demonstrate Kuwait's endeavor to reduce reliance on oil and foster economic growth. According to export data, Kuwait's top 10 exports in 2022 are:

  • Petroleum oils and crude: 68% ($20 billion)
  • Petroleum oils and waste oils: 22% ($6.84 billion)
  • Petroleum gases and other gaseous hydrocarbons: 3.74% ($1.14 billion)
  • Sulfonated or nitrated derivatives of hydrocarbons: 0.991% ($302 million)
  • Acyclic alcohols and their halogenated, sulfonated, or nitrated derivatives: 0.936% ($286 million)
  • Motor cars and other motor vehicles: 0.491% ($150 million)
  • Polymers of ethylene, in primary forms: 0.448% ($137 million)
  • Perfumes and toilet waters: 0.146% ($44 million)
  • Motor vehicles for the transport of goods: 0.111% ($34 million)
  • Electrical apparatus: 0.103% ($31 million)
    • Partners

    Top 10 Export Partners of Kuwait

    The export data indicates that Kuwait has been successful in penetrating new markets while maintaining its presence in existing ones. While challenges exist, an understanding of the trends and dynamics within Kuwait's export landscape can empower businesses to harness opportunities and navigate the global trade market successfully. Kuwait's top 10 export partners in 2022 include:

    Value In Percentage(%)

  • Areas, Nes: 94% (28 billion US$)
  • United Arab Emirates: 1.79% (302 million US$)
  • India: 1.61% (271 million US$)
  • Saudi Arabia: 0.58% (258 million US$)
  • China: 0.32% (167 million US$)
  • Pakistan: 0.25% (143 million US$)
  • Qatar: 0.14% (86 million US$)
  • Iraq: 0.12% (71 million US$)
  • Turkey: 0.11% (68 million US$)
  • USA: 0.09% (51 million US$)
    • Sample Data

    Overview of Kuwait's Export Data

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    Kuwait's export data for 2022 portrays a promising picture for the country's economy. The country has witnessed steady growth in its export volume, diversification of products, and expansion into new markets. Let's delve deeper into the key aspects of Kuwaiti exports. In recent years, Kuwait has made significant efforts to diversify its export products, moving beyond its traditional reliance on oil. The export data for 2022 showcases the success of these endeavors, with a notable increase in non-oil exports. Industries such as petrochemicals, manufacturing, and agriculture have witnessed notable growth, contributing to the country's economic diversification. You may find a range of fields in Kuwait export and trade data, including the total value of the following: product descriptions, HS code descriptions, and descriptions of the various fields that are contained in Kuwait trade data. For dealers and marketers, this B/L data is crucial since it helps them make informed judgments.

    Benefits

    Benefits of Kuwait’s Export Data

  • Find Accredited Kuwait Buyers, examine the Kuwait Exporters List, and ship your products.
  • Monitor the Shipments of Rivals.
  • Analyze your competitors' cargo data to beat them in the marketplace.
  • Expand your business by tapping into Kuwait's export industry.
  • Analyze Kuwait's export market.

    • Frequently Asked Questions!!

    According to current reports, Kuwait's export data for exports in 2022 is $30 billion.

    Some of Kuwait's major export products include petroleum and petroleum products, fertilizers, and petrochemicals.

    Kuwait is one of the top exporters in the Middle East, ranking third after Saudi Arabia and the United Arab Emirates.

    Some of Kuwait's top export destinations include China, India, Japan, South Korea, and the United States.

    Kuwait's export data has decreased in recent years, with a major decline of 51% in 2022.

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