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Pricing

2022
Exports $13.9kWorld Rnk 68 / 96
Flag Rnk 803 / 947
2022
Destination $8k Qatar
2021 - 2022
FASTEST GROWING MARKET $8kQatar
2022
PRODUCT COMPLEXITY IN Borates-0.2Rnk 618 / 1025
2022
Imports $3.27MWorld Rnk 38 / 184
Flag Rnk 665 / 1175
2022
Origin $2.26M Turkey
2021 - 2022
FASTEST GROWING ORIGIN $2.26MTurkey
2022
ECONOMIC COMPLEXITY of Kuwait0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $13.9k in Borates, making it the 68th largest exporter of Borates in the world. At the same year, Borates was the 803rd most exported product in Kuwait. The main destination of Borates exports from Kuwait are: Qatar ($8k) and Saudi Arabia ($5.86k).

The fastest growing export markets for Borates of Kuwait between 2021 and 2022 were Qatar ($8k) and Saudi Arabia ($2.21k).

Imports In 2022, Kuwait imported $3.27M in Borates, becoming the 38th largest importer of Borates in the world. At the same year, Borates was the 665th most imported product in Kuwait. Kuwait imports Borates primarily from: Turkey ($3.07M), China ($49.5k), United Kingdom ($48.6k), Canada ($37.4k), and Saudi Arabia ($27.4k).

The fastest growing import markets in Borates for Kuwait between 2021 and 2022 were Turkey ($2.26M), United Kingdom ($48.6k), and Canada ($37.4k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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 Borates. Countries are shown based on data availability.

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$13.9k
IMPORTS (2022)$3.27M
NET TRADE (2022)-$3.26M

In 2022, Kuwait exported $13.9k in Borates. The main destinations of Kuwait exports on Borates were Qatar ($8k) and Saudi Arabia ($5.86k).

In 2022, Kuwait imported $3.27M in Borates, mainly from Turkey ($3.07M), China ($49.5k), United Kingdom ($48.6k), Canada ($37.4k), and Saudi Arabia ($27.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Borates EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Qatar$8k (1%)
Saudi Arabia$2.21k (60.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Borates BY Kuwait WERE (2021 - 2022):United Arab Emirates-$619 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Borates were:
Turkey $669M
United States $403M
China $40.4M
In 2022, Kuwait's main importing competitors in Borates were:
China $485M
United States $110M
India $72M

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Trade Value of Borates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSaudi Arabia+ $3.2k
TOP IMPORT POTENTIALChina+ $61.3k

Borates’s highest export potential is Saudi Arabia. With an export gap of $3.2k.   Borates’s highest import potential is China with an import gap of $61.3k.

See methodology.

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