Overview: This page contains the latest international trade data for Kuwait, including service trade data, and tariffs. In 2018 Kuwait was the number 56 economy in the world in terms of GDP (current US$), the number 47 in total exports, the number 64 in total imports, and the number 54 most complex economy according to the Economic Complexity Index (ECI). In 2018, Kuwait exported $63.6B and imported $34B, resulting in a positive trade balance of $29.6B. In 2018, Kuwait's exports per capita were $15.4k and its imports per capita were $8.22k.
Trade: The top exports of Kuwait are Crude Petroleum ($45.8B), Refined Petroleum ($7.36B), Petroleum Gas ($2.3B), Acyclic Alcohols ($1.14B), and Cyclic Hydrocarbons ($984M). The top imports of Kuwait are Cars ($2.95B), Broadcasting Equipment ($1.14B), Gold ($646M), Packaged Medicaments ($641M), and Jewellery ($628M).
Destinations: Kuwait exports mostly to China ($13.6B), South Korea ($11.4B), India ($7.44B), Japan ($6.11B), and Chinese Taipei ($4.6B), and imports mostly from China ($4.36B), United Arab Emirates ($4.07B), United States ($3.09B), Saudi Arabia ($2.21B), and Japan ($1.88B).
Location: Kuwait borders Iraq and Saudi Arabia by land and Iran by sea.