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2022
Exports $1.56MWorld Rnk 45 / 156
Flag Rnk 307 / 947
2022
Destination $690k United Arab Emirates
2021 - 2022
FASTEST GROWING MARKET $690kUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Drilling Machines1.13Rnk 123 / 1025
2022
Imports $3.63MWorld Rnk 69 / 210
Flag Rnk 648 / 1175
2022
Origin $607k United States
2021 - 2022
FASTEST GROWING ORIGIN $607kGermany
2022
ECONOMIC COMPLEXITY of Kuwait0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $1.56M in Drilling Machines, making it the 45th largest exporter of Drilling Machines in the world. At the same year, Drilling Machines was the 307th most exported product in Kuwait. The main destination of Drilling Machines exports from Kuwait are: United Arab Emirates ($705k), Saudi Arabia ($569k), Italy ($224k), Qatar ($21.5k), and Thailand ($16.2k).

The fastest growing export markets for Drilling Machines of Kuwait between 2021 and 2022 were United Arab Emirates ($690k), Saudi Arabia ($569k), and Thailand ($15.7k).

Imports In 2022, Kuwait imported $3.63M in Drilling Machines, becoming the 69th largest importer of Drilling Machines in the world. At the same year, Drilling Machines was the 648th most imported product in Kuwait. Kuwait imports Drilling Machines primarily from: United States ($822k), Germany ($714k), United Arab Emirates ($533k), China ($436k), and United Kingdom ($404k).

The fastest growing import markets in Drilling Machines for Kuwait between 2021 and 2022 were Germany ($607k), United States ($475k), and United Arab Emirates ($372k).

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 Drilling Machines. 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)$1.56M
IMPORTS (2022)$3.63M
NET TRADE (2022)-$2.08M

In 2022, Kuwait exported $1.56M in Drilling Machines. The main destinations of Kuwait exports on Drilling Machines were United Arab Emirates ($705k), Saudi Arabia ($569k), Italy ($224k), Qatar ($21.5k), and Thailand ($16.2k).

In 2022, Kuwait imported $3.63M in Drilling Machines, mainly from United States ($822k), Germany ($714k), United Arab Emirates ($533k), China ($436k), and United Kingdom ($404k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Drilling Machines EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
United Arab Emirates$690k (4.74k%)
Saudi Arabia$569k (1%)
Thailand$15.7k (2.82k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drilling Machines BY Kuwait WERE (2021 - 2022):
Italy-$729k (-76.5%)
United States-$254k (-100%)
Qatar-$209k (-90.7%)
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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 Drilling Machines were:
Germany $530M
China $481M
Italy $319M
In 2022, Kuwait's main importing competitors in Drilling Machines were:
China $323M
United States $317M
Germany $221M

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Trade Value of Drilling Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $65.4k
TOP IMPORT POTENTIALChina+ $339k

Drilling Machines’s highest export potential is Italy. With an export gap of $65.4k.   Drilling Machines’s highest import potential is China with an import gap of $339k.

See methodology.

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