2022
Exports
$1.46BWorld Rnk 12 / 120
Flag Rnk 6 / 947
2022
PRODUCT COMPLEXITY IN Cyclic Hydrocarbons
0.72Rnk 268 / 1025
2022
Imports
$184MWorld Rnk 34 / 194
Flag Rnk 78 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $1.46B in Cyclic Hydrocarbons, making it the 12th largest exporter of Cyclic Hydrocarbons in the world. At the same year, Cyclic Hydrocarbons was the 6th most exported product in Kuwait. The main destination of Cyclic Hydrocarbons exports from Kuwait are: China ($333M), Pakistan ($241M), India ($230M), Saudi Arabia ($147M), and Turkey ($132M).

The fastest growing export markets for Cyclic Hydrocarbons of Kuwait between 2021 and 2022 were Saudi Arabia ($147M), United States ($107M), and Turkey ($93.2M).

Imports In 2022, Kuwait imported $184M in Cyclic Hydrocarbons, becoming the 34th largest importer of Cyclic Hydrocarbons in the world. At the same year, Cyclic Hydrocarbons was the 78th most imported product in Kuwait. Kuwait imports Cyclic Hydrocarbons primarily from: India ($125M), Oman ($28.7M), Chinese Taipei ($13.3M), Saudi Arabia ($6.98M), and United Arab Emirates ($3.62M).

The fastest growing import markets in Cyclic Hydrocarbons for Kuwait between 2021 and 2022 were India ($53M), Chinese Taipei ($11.5M), and United States ($2.44M).

Latest Trends

May 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 Cyclic Hydrocarbons. 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)$1.46B
IMPORTS (2022)$184M
NET TRADE (2022)$1.27B

In 2022, Kuwait exported $1.46B in Cyclic Hydrocarbons. The main destinations of Kuwait exports on Cyclic Hydrocarbons were China ($333M), Pakistan ($241M), India ($230M), Saudi Arabia ($147M), and Turkey ($132M).

In 2022, Kuwait imported $184M in Cyclic Hydrocarbons, mainly from India ($125M), Oman ($28.7M), Chinese Taipei ($13.3M), Saudi Arabia ($6.98M), and United Arab Emirates ($3.62M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cyclic Hydrocarbons EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Saudi Arabia$147M (448k%)
United States$107M (1.28k%)
Turkey$93.2M (242%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cyclic Hydrocarbons BY Kuwait WERE (2021 - 2022):
China-$250M (-42.9%)
Malaysia-$42.8M (-100%)
Thailand-$40.4M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Cyclic Hydrocarbons were:
In 2022, Kuwait's main importing competitors in Cyclic Hydrocarbons were:

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Trade Value of Cyclic Hydrocarbons by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $66.4M
TOP IMPORT POTENTIALSaudi Arabia+ $7.92M

Cyclic Hydrocarbons’s highest export potential is China. With an export gap of $66.4M.   Cyclic Hydrocarbons’s highest import potential is Saudi Arabia with an import gap of $7.92M.

See methodology.

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