2023
Exports
$1.31BWorld Rnk 13 / 126
Flag Rnk 4 / 991
2023
PRODUCT COMPLEXITY IN Cyclic Hydrocarbons
0.44Rnk 388 / 1025
2023
Imports
$154MWorld Rnk 30 / 187
Flag Rnk 53 / 1168
2023
ECONOMIC COMPLEXITY of Kuwait
0.21Rnk 53 / 132

About

Exports In 2023, Kuwait exported $1.31B in Cyclic Hydrocarbons, making it the 13th largest exporter of Cyclic Hydrocarbons in the world. At the same year, Cyclic Hydrocarbons was the 4th most exported product in Kuwait. The main destination of Cyclic Hydrocarbons exports from Kuwait are: India ($720M), China ($202M), Pakistan ($188M), Chinese Taipei ($41M), and Malaysia ($32.7M).

The fastest growing export markets for Cyclic Hydrocarbons of Kuwait between 2022 and 2023 were India ($490M), Malaysia ($32.7M), and Indonesia ($19.5M).

Imports In 2023, Kuwait imported $154M in Cyclic Hydrocarbons, becoming the 30th largest importer of Cyclic Hydrocarbons in the world. At the same year, Cyclic Hydrocarbons was the 53rd most imported product in Kuwait. Kuwait imports Cyclic Hydrocarbons primarily from: India ($77.7M), Oman ($66.1M), Chinese Taipei ($2.97M), South Korea ($2.46M), and United Arab Emirates ($2.09M).

The fastest growing import markets in Cyclic Hydrocarbons for Kuwait between 2022 and 2023 were Oman ($45.3M), South Korea ($1.36M), and Belgium ($119k).

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 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 (2023)$1.31B
IMPORTS (2023)$154M
NET TRADE (2023)$1.16B

In 2023, Kuwait exported $1.31B in Cyclic Hydrocarbons. The main destinations of Kuwait exports on Cyclic Hydrocarbons were India ($720M), China ($202M), Pakistan ($188M), Chinese Taipei ($41M), and Malaysia ($32.7M).

In 2023, Kuwait imported $154M in Cyclic Hydrocarbons, mainly from India ($77.7M), Oman ($66.1M), Chinese Taipei ($2.97M), South Korea ($2.46M), and United Arab Emirates ($2.09M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cyclic Hydrocarbons EXPORT MARKETS FOR Kuwait WERE (2022 - 2023):
India$490M (213%)
Malaysia$32.7M (1%)
Indonesia$19.5M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cyclic Hydrocarbons BY Kuwait WERE (2022 - 2023):
China-$169M (-45.5%)
Turkey-$120M (-82.8%)
United States-$106M (-91.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Kuwait's main exporting competitors in Cyclic Hydrocarbons were:
In 2023, 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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