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.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Kuwait Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2017-03-15 02:30 PM Q4 KWD1.7B KWD1.4B KWD1.3B
2017-06-08 11:55 AM Q1 KWD1.6B KWD1.7B KWD2B

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.
Actual Previous Highest Lowest Dates Unit Frequency
3507.20 1647.00 7065.90 25.30 1993 - 2021 KWD Million Quarterly