Kuwait recorded a trade surplus of 1620.70 KWD Million in the first quarter of 2021. source: Central Bank of Kuwait

Balance of Trade in Kuwait averaged 2094.32 KWD Million from 1993 until 2021, 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 October of 2021.

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. In the long-term, the Kuwait Balance of Trade is projected to trend around 2411.00 KWD Million in 2022 and 2312.00 KWD Million in 2023, according to our econometric models.

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Kuwait Balance of Trade

Related Last Previous Unit Reference
Balance of Trade 1620.70 838.10 KWD Million Mar/21
Current Account 1599.00 3648.00 KWD Million Mar/21
Current Account to GDP 0.80 16.40 percent of GDP Dec/20
Imports 2471.00 2314.40 KWD Million Mar/21
Exports 4091.70 3152.40 KWD Million Mar/21
Capital Flows -5562.00 -7469.00 KWD Million Dec/20
Remittances 1368.00 1476.00 KWD Million Mar/21
Foreign Direct Investment 3.10 -137.90 KWD Million Mar/21
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.