Crude Petroleum in Kuwait | The Observatory of Economic Complexity

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Exports In 2022, Kuwait exported $62.6B in Crude Petroleum, making it the 7th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Kuwait. The main destination of Crude Petroleum exports from Kuwait are: China ($21.3B), South Korea ($9.26B), India ($9.12B), Japan ($7.19B), and Chinese Taipei ($6.4B).

The fastest growing export markets for Crude Petroleum of Kuwait between 2021 and 2022 were China ($7.85B), South Korea ($2.93B), and Japan ($2.5B).

Imports In 2022, Kuwait imported $41.9k in Crude Petroleum, becoming the 113th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1093rd most imported product in Kuwait. Kuwait imports Crude Petroleum primarily from: United Arab Emirates ($41.7k) and Singapore ($194).

The fastest growing import markets in Crude Petroleum for Kuwait between 2021 and 2022 were United Arab Emirates ($41.6k) and Singapore ($194).

Mar 2024

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Trade Value

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Growth (%)

Year

EXPORTS (2022)$62.6B

IMPORTS (2022)$41.9k

NET TRADE (2022)$62.6B

In 2022, Kuwait exported $62.6B in Crude Petroleum. The main destinations of Kuwait exports on Crude Petroleum were China ($21.3B), South Korea ($9.26B), India ($9.12B), Japan ($7.19B), and Chinese Taipei ($6.4B).

In 2022, Kuwait imported $41.9k in Crude Petroleum, mainly from United Arab Emirates ($41.7k) and Singapore ($194).