Kuwait Balance of Trade2022 Data - 2023 Forecast - 1993-2021 Historical - Calendar

Name: Kuwait Balance of Trade
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Kuwait,Balance of Trade,data,chart,actual,historical,values,calendar,forecast,graph,2022,2023,2024

Kuwait recorded a trade surplus of 3507.20 KWD Million in the fourth quarter of 2021. source: Central Bank of Kuwait

Balance of Trade in Kuwait averaged 2107.77 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 - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.

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 2023 and 2312.00 KWD Million in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Balance of Trade	3507.20	1647.00	KWD Million	Dec 2021
Current Account	3959.00	3775.00	KWD Million	Mar 2022
Current Account to GDP	16.10	3.20	percent of GDP	Dec 2021
Imports	2553.00	2274.00	KWD Million	Dec 2021
Exports	6060.00	3921.00	KWD Million	Dec 2021
Capital Flows	-12091.00	-5562.00	KWD Million	Dec 2021
Remittances	1488.00	1476.00	KWD Million	Jun 2022
Foreign Direct Investment	19.80	13.70	KWD Million	Mar 2022

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.