United States (USA) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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United States (USA) and Kuwait (KWT) Trade

2022

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Exports $3.81BRnk 48 / 219

2022

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About

United States-Kuwait Trade: In 2022, United States exported $3.81B to Kuwait. The main products that United States exported to Kuwait were Cars ($657M), Petroleum Gas ($463M), and Other Pure Vegetable Oils ($315M). Over the past 5 years the exports of United States to Kuwait have increased at an annualized rate of 23.1%, from $1.35B in 2017 to $3.81B in 2022.

In 2022, United States did not export any services to Kuwait.

Kuwait-United States Trade: In 2022, Kuwait exported $2.95B to United States. The main products that Kuwait exported to United States were Crude Petroleum ($893M), Refined Petroleum ($771M), and Sulfonated, Nitrated or Nitrosated Hydrocarbons ($442M). Over the past 5 years the exports of Kuwait to United States have increased at an annualized rate of 15.6%, from $1.43B in 2017 to $2.95B in 2022.

In 2022, Kuwait did not export any services to United States.

Comparison: In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Company data: In 2023, leading companies such as Chevron (12) were at the forefront of exporting goods from Kuwait to the United States. Conversely, Saudi Arabian Chevron (9) and Other (3) were notable for importing products to Kuwait from the United States.

Latest Trends

April, 2024

About

Overview In April 2024, United States exported $192M and imported $139M from Kuwait, resulting in a positive trade balance of $52.6M. Between April 2023 and April 2024 the exports of United States have decreased by $-65.3M (-25.4%) from $257M to $192M, while imports increased by $88.3M (174%) from $50.8M to $139M.

Trade In April 2024, the top exports of United States to Kuwait were Cars ($51.6M), Reaction and Catalytic Products ($22.2M), Petroleum Coke ($15.3M), Tanks and Armored vehicles ($11.2M), and Commodities not elsewhere specified ($4.51M). In April 2024 the top imports of United States from Kuwait were Refined Petroleum ($84.4M), Crude Petroleum ($29M), Commodities not elsewhere specified ($10.1M), Non-Iron and Steel Slag, Ash and... ($760k), and Concentrated Milk ($121k).

Origins In April 2024 the exports of United States were mainly from Louisiana ($37.9M), Texas ($29.2M), Pennsylvania ($17.2M), California ($13.9M), and Indiana ($11.4M), while imports destinations were mainly Texas ($106M), Puerto Rico ($13.3M), Massachusetts ($12.1M), Oregon ($2.4M), and Maryland ($1.78M).

Growth In April 2024, the decrease in United States's year-by-year exports to Kuwait was explained primarily by an decrease in product exports in Tanks and Armored vehicles ($-37.4M or -77%), Other Pure Vegetable Oils ($-14.1M or -100%), and Medical Instruments ($-7M or -65%). In April 2024, the increase in United States's year-by-year imports from Kuwait was explained primarily by an increase in product imports in Commodities not elsewhere specified ($7.79M or 333%), Refined Petroleum ($7.37M or 9.57%), and Concentrated Milk ($113k or 1.35k%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (April 2023 - April 2024)$-65.3M(-25.4%)

IMPORT GROWTH (April 2023 - April 2024)$88.3M(174%)

MAIN EXPORTER (April 2024)Louisiana$37.9M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Kuwait and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $3.81B to Kuwait. The main products exported from United States to Kuwait were Cars ($657M), Petroleum Gas ($463M), and Other Pure Vegetable Oils ($315M). During the last 5 years the exports of United States to Kuwait have increased at an annualized rate of 23.1%, from $1.35B in 2017 to $3.81B in 2022.

In 2017, Kuwait exported $2.95B to United States. The main products exported from Kuwait to United States were Crude Petroleum ($893M), Refined Petroleum ($771M), and Sulfonated, Nitrated or Nitrosated Hydrocarbons ($442M). During the last 22 years the exports of Kuwait to United States have increased at an annualized rate of 15.6%, from $1.43B in 1995 to $2.95B in 2017.

Exports from United States () to Kuwait () (2022)

Exports from Kuwait () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Kuwait
Top DestinationChina$24.3B

This map shows whether countries import more from United States or Kuwait. Each country is colored based on the difference in imports they receive from United States and Kuwait or the difference in the growth in imports.

In 2022, countries that imported more from United States than Kuwait included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Kuwait than United States included Pakistan ($3.97B), Malawi ($105M), and Iran ($71M).

Difference in imports from Kuwait () and United States () (2022)

Comparative Advantage United States - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between United States and Kuwait by product, considering products traded by both, United States and Kuwait.

During 2022, United States had a large net trade with Kuwait in the exports of Transportation ($1.39B), Machines ($680M), and Chemical Products ($503M).

During 2017, Kuwait had a large net trade with United States in the exports of Mineral Products ($1.68B), Chemical Products ($583M), and Transportation ($23.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Kuwait+$30.6MPackaged Medicaments

Top Product Potential Kuwait United States+$1.01BCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of United States and Kuwait. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over United States.

Product Space of United States () and Kuwait () (2022)

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