2023
Exports
$35.7BWorld Rnk 11 / 150
Flag Rnk 1 / 991
falsefalse China
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$41.9kWorld Rnk 0 / 0
Flag Rnk 0 / 0
2023
ECONOMIC COMPLEXITY of Kuwait
0.21Rnk 53 / 132

About

Exports In 2023, Kuwait exported $35.7B in Crude Petroleum, making it the 11th 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 ($15.2B), Japan ($7.19B), India ($4.82B), Chinese Taipei ($4.38B), and Oman ($1.51B).

The fastest growing export markets for Crude Petroleum of Kuwait between 2022 and 2023 were Oman ($1.51B), Qatar ($182M), and Philippines ($112M).

Imports In 2022, Kuwait imported $41.9k in Crude Petroleum, becoming the 0th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 0th most imported product in Kuwait. Kuwait imports Crude Petroleum primarily from: N/A.

Latest Trends

Dec 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 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 (2023)$35.7B
IMPORTS (2022)$41.9k
NET TRADE (2023)$35.7B

In 2023, Kuwait exported $35.7B in Crude Petroleum. The main destinations of Kuwait exports on Crude Petroleum were China ($15.2B), Japan ($7.19B), India ($4.82B), Chinese Taipei ($4.38B), and Oman ($1.51B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Kuwait WERE (2022 - 2023):
Oman$1.51B (1%)
Qatar$182M (1%)
Philippines$112M (142%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Kuwait WERE (2022 - 2023):
South Korea-$10.7B (-100%)
China-$9.38B (-38.1%)
Vietnam-$6.29B (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Kuwait's main exporting competitors in Crude Petroleum were:
In 2023, Kuwait's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.39B
TOP IMPORT POTENTIALUnited Arab Emirates+ $107k

Crude Petroleum’s highest export potential is India. With an export gap of $1.39B.   Crude Petroleum’s highest import potential is United Arab Emirates with an import gap of $107k.

See methodology.

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