2022
Exports
$34MWorld Rnk 59 / 221
Flag Rnk 65 / 947
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$334MWorld Rnk 38 / 224
Flag Rnk 36 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $34M in Excavation Machinery, making it the 59th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 65th most exported product in Kuwait. The main destination of Excavation Machinery exports from Kuwait are: United Arab Emirates ($12M), Saudi Arabia ($6.37M), Oman ($2.53M), Qatar ($2.53M), and Bahrain ($2.15M).

The fastest growing export markets for Excavation Machinery of Kuwait between 2021 and 2022 were United Arab Emirates ($8.43M), Saudi Arabia ($4.43M), and Oman ($2.36M).

Imports In 2022, Kuwait imported $334M in Excavation Machinery, becoming the 38th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 36th most imported product in Kuwait. Kuwait imports Excavation Machinery primarily from: United Arab Emirates ($58.6M), China ($55.9M), United States ($47.2M), Singapore ($42.5M), and India ($18M).

The fastest growing import markets in Excavation Machinery for Kuwait between 2021 and 2022 were United States ($31.9M), Singapore ($31.8M), and United Arab Emirates ($30M).

Latest Trends

Nov 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 Excavation Machinery. 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)$34M
IMPORTS (2022)$334M
NET TRADE (2022)-$300M

In 2022, Kuwait exported $34M in Excavation Machinery. The main destinations of Kuwait exports on Excavation Machinery were United Arab Emirates ($12M), Saudi Arabia ($6.37M), Oman ($2.53M), Qatar ($2.53M), and Bahrain ($2.15M).

In 2022, Kuwait imported $334M in Excavation Machinery, mainly from United Arab Emirates ($58.6M), China ($55.9M), United States ($47.2M), Singapore ($42.5M), and India ($18M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Saudi Arabia$4.43M (229%)
Oman$2.36M (1.37k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Kuwait WERE (2021 - 2022):
Belgium-$392k (-99.5%)
Russia-$338k (-94.6%)
India-$303k (-42.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Excavation Machinery were:
In 2022, Kuwait's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSaudi Arabia+ $2.91M
TOP IMPORT POTENTIALChina+ $15M

Excavation Machinery’s highest export potential is Saudi Arabia. With an export gap of $2.91M.   Excavation Machinery’s highest import potential is China with an import gap of $15M.

See methodology.

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