2021
Exports | Imports
$40.1B | $119World Rnk 9 / 147
Flag Rnk 1 / 975
World Rnk 154 / 163
Flag Rnk 1171 / 1175
2021
ECONOMIC COMPLEXITY of Kuwait
0.34Rnk 48 / 131
2021
PRODUCT COMPLEXITY IN Crude Petroleum
-2.36Rnk 1013 / 1024

About

Exports In 2021, Kuwait exported $40.1B in Crude Petroleum, making it the 9th 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 ($13.4B), South Korea ($6.31B), India ($6.05B), Japan ($4.67B), and Vietnam ($3.94B).

The fastest growing export markets for Crude Petroleum of Kuwait between 2020 and 2021 were China ($5.46B), India ($3.1B), and Chinese Taipei ($1.65B).

Imports In 2021, Kuwait imported $119 in Crude Petroleum, becoming the 154th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1171st most imported product in Kuwait. Kuwait imports Crude Petroleum primarily from: United Arab Emirates ($119).

Latest Trends

Dec 2023

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 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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Historical Data

Trade Balance

Color
EXPORTS (2021)$40.1B
IMPORTS (2021)$119
NET TRADE (2021)$40.1B

In 2021, Kuwait exported $40.1B in Crude Petroleum. The main destinations of Kuwait exports on Crude Petroleum were China ($13.4B), South Korea ($6.31B), India ($6.05B), Japan ($4.67B), and Vietnam ($3.94B).

In 2021, Kuwait imported $119 in Crude Petroleum, mainly from United Arab Emirates ($119).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Kuwait WERE (2020 - 2021):
China$5.46B (69%)
India$3.1B (105%)
Chinese Taipei$1.65B (79%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Kuwait WERE (2020 - 2021):
Singapore-$739M (-79.3%)
Egypt-$730M (-48.7%)
Philippines-$341M (-100%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Kuwait's main exporting competitors in Crude Petroleum were:
In 2021, Kuwait's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

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