Key information about Kuwait's Trade Balance

• Kuwait's Trade Balance recorded a surplus of 2.6 USD bn in Nov 2024, compared with a surplus of 2.7 USD bn in the previous month
• Kuwait's Trade Balance data is updated monthly, available from Jan 1993 to Nov 2024, with an averaged value of 1.3 USD bn
• The data reached an all-time high of 9.7 USD bn in Mar 2012 and a record low of -429.3 USD mn in Apr 2020

CEIC converts monthly Trade Balance into USD. The Central Statistical Bureau provides Trade Balance in local currency. The Central Bank of Kuwait average market exchange rate is used for currency conversions.

Further information about Kuwait's Trade Balance

• In the latest reports, Kuwait's Total Exports reached 6.0 USD bn in Nov 2024, a decrease of 14.5% YoY (year-on-year)
• Total Imports recorded 3.3 USD bn in Nov 2024, an increase of 14.5% YoY (year-on-year)

Kuwait recorded a trade surplus of 2326.30 KWD Million in the fourth quarter of 2024. This dataset provides - Kuwait Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Kuwait KW: Goods Trade: % of GDP data was reported at 74.308 % in 2017. This records an increase from the previous number of 69.446 % for 2016. Kuwait KW: Goods Trade: % of GDP data is updated yearly, averaging 74.308 % from Dec 1965 (Median) to 2017, with 53 observations. The data reached an all-time high of 103.281 % in 1977 and a record low of 53.130 % in 1991. Kuwait KW: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Kuwait – Table KW.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;

Trade (% of GDP) in Kuwait was reported at 90.92 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Kuwait - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The statistic shows Kuwait's trade balance of goods from 2013 to 2023. Trade balance is the value of exported goods minus the value of imported goods. A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. In 2023, Kuwait's trade surplus amounted to around ***** billion U.S. dollars.

Kuwait trade to gdp ratio for 2022 was 90.70%, a 8.76% increase from 2021.

<ul style='margin-top:20px;'>

<li>Kuwait trade to gdp ratio for 2021 was <strong>81.94%</strong>, a <strong>0.07% decline</strong> from 2020.</li>
<li>Kuwait trade to gdp ratio for 2020 was <strong>82.01%</strong>, a <strong>9.67% decline</strong> from 2019.</li>
<li>Kuwait trade to gdp ratio for 2019 was <strong>91.69%</strong>, a <strong>11.1% decline</strong> from 2018.</li>
</ul>Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

Kuwait KW: Trade Balance: Advanced Economies: Singapore data was reported at 2.895 USD bn in 2017. This records an increase from the previous number of 2.241 USD bn for 2016. Kuwait KW: Trade Balance: Advanced Economies: Singapore data is updated yearly, averaging 633.484 USD mn from Dec 1966 (Median) to 2017, with 52 observations. The data reached an all-time high of 6.050 USD bn in 2008 and a record low of -51.343 USD mn in 1995. Kuwait KW: Trade Balance: Advanced Economies: Singapore data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Kuwait – Table KW.IMF.DOT: Trade Balance: by Country: Annual.

The statistic shows the value of goods exported from Kuwait from 2013 to 2023. In 2023, goods with a value of around ***** billion U.S. dollars were exported from Kuwait.

Exports in Kuwait decreased to 5568.50 KWD Million in the fourth quarter of 2024 from 5751.10 KWD Million in the third quarter of 2024. This dataset provides - Kuwait Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Ahad Al Kuwait Trading Est Company Export Import Records. Follow the Eximpedia platform for HS code, importer-exporter records, and customs shipment details.

Kuwait KW: Net Barter Terms of Trade Index data was reported at 101.388 2000=100 in 2016. This records a decrease from the previous number of 126.664 2000=100 for 2015. Kuwait KW: Net Barter Terms of Trade Index data is updated yearly, averaging 170.759 2000=100 from Dec 2000 (Median) to 2016, with 17 observations. The data reached an all-time high of 239.121 2000=100 in 2012 and a record low of 84.566 2000=100 in 2001. Kuwait KW: Net Barter Terms of Trade Index data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Kuwait – Table KW.World Bank.WDI: Trade Index. Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2000. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year’s trade values at the Standard International Trade Classification three-digit level as weights. To improve data coverage, especially for the latest periods, UNCTAD constructs a set of average prices indexes at the three-digit product classification of the Standard International Trade Classification revision 3 using UNCTAD’s Commodity Price Statistics, international and national sources, and UNCTAD secretariat estimates and calculates unit value indexes at the country level using the current year's trade values as weights.; ; United Nations Conference on Trade and Development, Handbook of Statistics and data files, and International Monetary Fund, International Financial Statistics.; ;

Historical chart and dataset showing Kuwait trade balance by year from 1965 to 2022.

Kuwait: Trade freedom index (0-100): The latest value from 2024 is 76 points, unchanged from 76 points in 2023. In comparison, the world average is 70 points, based on data from 176 countries. Historically, the average for Kuwait from 1996 to 2024 is 78 points. The minimum value, 76 points, was reached in 2015 while the maximum of 83 points was recorded in 2010.

Kuwait export data: Rich in oil, aiming for economic diversification and growth. Discover more about its trading partners and strategies.

In 2020, the value of exports from Kuwait was approximately 12.2 billion Kuwaiti Dinars, compared to re-exports, with a value of 463 million Kuwaiti Dinars that year.

Kuwait KW: Exports: Lead Time: Median Case data was reported at 2.000 Day in 2016. This records an increase from the previous number of 1.000 Day for 2014. Kuwait KW: Exports: Lead Time: Median Case data is updated yearly, averaging 2.000 Day from Dec 2007 (Median) to 2016, with 5 observations. The data reached an all-time high of 4.500 Day in 2007 and a record low of 1.000 Day in 2014. Kuwait KW: Exports: Lead Time: Median Case data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Kuwait – Table KW.World Bank.WDI: Trade Statistics. Lead time to export is the median time (the value for 50 percent of shipments) from shipment point to port of loading. Data are from the Logistics Performance Index survey. Respondents provided separate values for the best case (10 percent of shipments) and the median case (50 percent of shipments). The data are exponentiated averages of the logarithm of single value responses and of midpoint values of range responses for the median case.; ; World Bank and Turku School of Economics, Logistic Performance Index Surveys. Data are available online at : http://www.worldbank.org/lpi. Summary results are published in Arvis and others' Connecting to Compete: Trade Logistics in the Global Economy, The Logistics Performance Index and Its Indicators report.; Unweighted average;

China Export: Asia: Kuwait data was reported at 563.263 USD mn in Mar 2025. This records an increase from the previous number of 385.951 USD mn for Feb 2025. China Export: Asia: Kuwait data is updated monthly, averaging 203.694 USD mn from Jan 2001 (Median) to Mar 2025, with 291 observations. The data reached an all-time high of 710.833 USD mn in Jan 2025 and a record low of 12.462 USD mn in Mar 2001. China Export: Asia: Kuwait data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JA: USD: Trade by Country.

Trade in services (% of GDP) in Kuwait was reported at 25.15 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Kuwait - Trade in services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Kuwait KW: Trade Balance data was reported at 6.635 USD bn in Mar 2018. This records an increase from the previous number of 4.998 USD bn for Dec 2017. Kuwait KW: Trade Balance data is updated quarterly, averaging 1.422 USD bn from Dec 1963 (Median) to Mar 2018, with 211 observations. The data reached an all-time high of 21.595 USD bn in Mar 2012 and a record low of -1.340 USD bn in Mar 1992. Kuwait KW: Trade Balance data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Kuwait – Table KW.IMF.DOT: Trade Balance: by Country: Quarterly.

Imports in Kuwait increased to 3242.20 KWD Million in the fourth quarter of 2024 from 2907.10 KWD Million in the third quarter of 2024. This dataset provides - Kuwait Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.