Kuwait recorded a trade surplus of 1760 KWD Million in the first quarter of 2020.

Balance of Trade in Kuwait averaged 2138.98 KWD Million from 1993 until 2020, reaching an all time high of 7065.90 KWD Million in the first quarter of 2012 and a record low of 25.30 KWD Million in the second quarter of 1998. This page provides - Kuwait Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kuwait Balance of Trade - values, historical data and charts - was last updated on August of 2020.

Balance of Trade in Kuwait is expected to be 2558.00 KWD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Kuwait to stand at 2512.00 in 12 months time. In the long-term, the Kuwait Balance of Trade is projected to trend around 2411.00 KWD Million in 2021 and 2312.00 KWD Million in 2022, according to our econometric models.

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Kuwait Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
1760.00 2090.00 7065.90 25.30 1993 - 2020 KWD Million Quarterly


Kuwait Balance of Trade
Kuwait has been recording trade surpluses since 1993 due to shipments of oil (95 percent of total exports). Main imports are: machinery, mechanical appliances, electrical equipment and electronics; transport equipment and base metals and articles thereof. Main trading partners are: China (10 percent of total exports and 10 percent of imports), South Korea (18 percent of exports and 7 percent of imports) and United States (8 percent of exports and 12 percent of imports). Others include: India, Japan and Saudi Arabia.