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Kuwait export Statistics

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 km2 under its belt. According to Kuwait trade statistics for 2023, out of 226 countries, Kuwait was the world's 44th largest exporter of products. According to Kuwait export data, Kuwait's merchandise exports brought in $83.98 billion in 2023. Kuwait's total exports of commodities fell by 16% from the previous year. 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 exports shipment data for the year 2023 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.

0.3%

With a mere 0.3% share in global export trade, it becomes evident that its presence in the international export market is fairly on the rise.

UNITED ARAB EMIRATES

The United Arab Emirates holds a significant role as the largest export partner of the country in terms of goods exports in the global market.

MINERAL FUELS AND OILS

Mineral fuels and oils are the major and biggest export commodities of the country, playing a vital role in its economy.

Please select a country or provide either a description or HS Code.
export

Top 10 Exports of Kuwait: Kuwait Exports by HS Code

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 Kuwait export data and Kuwait trade data, Kuwait's top 10 exports in 2023 are:

  • Mineral fuels and oils (HS code 27): 93.05% ($78.14 billion)
  • Organic chemicals (HS code 29): 1.97% ($1.65 billion)
  • Vehicles (HS code 87): 1.07% ($895.15 million)
  • Plastics and articles thereof (HS code 39): 0.81% ($683.73 million)
  • Precious stones and metals (HS code 71): 0.34% ($288.34 million)
  • Electrical machinery and equipment (HS code 85): 0.32% ($270.53 million)
  • Nuclear reactors and machinery (HS code 84): 0.3% ($250.98 million)
  • Essential oils, perfumery, and cosmetics (HS code 33): 0.2% ($168.73 million)
  • Miscellaneous chemical products (HS code 38): 0.2% ($165.91 million)
  • Dairy Products (HS code 04): 0.16% ($134.07 million)
    • Partners

    Top 10 Export Partners of Kuwait: Kuwait Exports by Country

    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 2023, as per Kuwait shipment data and Kuwait bill of lading data for exports, include:

    Value In Percentage(%)

  • United Arab Emirates: 1.5% (1.30 billion US$)
  • India: 1.3% (1.06 billion US$)
  • Saudi Arabia: 0.8% (705.50 million US$)
  • China: 0.7% (591.04 million US$)
  • Iraq: 0.5% (384.46 million US$)
  • Pakistan: 0.4% (341.62 million US$)
  • Qatar: 0.3% (241.30 million US$)
  • Egypt: 0.1% (120.01 million US$)
  • Jordan: 0.1% (108.38 million US$)
  • Oman: 0.1% (98.21 million US$)        
    • Sample Data

    Overview of Kuwait 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 2023 paints 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 Kuwait shipment data for 2023 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 bill of lading data for exports and trade data, including product descriptions, HS code descriptions, quantity, importer-exporter names, and port names. For dealers and marketers, this B/L data is crucial since it helps them make informed judgments.

    Benefits

    Benefits of Kuwait Export Data

  • Find Accredited Kuwait Suppliers and Kuwait Exporters to ship your products.
  • Access the Shipments of Kuwait's top exports.
  • Analyze your competitors' shipment 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 its goods exports were valued at $83.98 billion in 2023.

    Some of Kuwait's major export products include mineral fuels and oils, organic chemicals, and vehicles.

    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 16% in 2023 compared to the previous year.

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