2023
Exports
$4.96MWorld Rnk 32 / 160
Flag Rnk 110 / 991
2023
PRODUCT COMPLEXITY IN Friction Material
0.43Rnk 397 / 1025
2023
Imports
$22.1MWorld Rnk 20 / 212
Flag Rnk 266 / 1168
2023
ECONOMIC COMPLEXITY of Kuwait
0.21Rnk 53 / 132

About

Exports In 2023, Kuwait exported $4.96M in Friction Material, making it the 32nd largest exporter of Friction Material in the world. At the same year, Friction Material was the 110th most exported product in Kuwait. The main destination of Friction Material exports from Kuwait are: Singapore ($3.03M), United Arab Emirates ($1.23M), Hong Kong ($596k), Iraq ($53.5k), and Saudi Arabia ($49.4k).

The fastest growing export markets for Friction Material of Kuwait between 2022 and 2023 were Singapore ($2.36M), United Arab Emirates ($954k), and Hong Kong ($445k).

Imports In 2023, Kuwait imported $22.1M in Friction Material, becoming the 20th largest importer of Friction Material in the world. At the same year, Friction Material was the 266th most imported product in Kuwait. Kuwait imports Friction Material primarily from: China ($7.22M), Japan ($1.83M), France ($1.65M), Chinese Taipei ($1.56M), and Czechia ($1.37M).

The fastest growing import markets in Friction Material for Kuwait between 2022 and 2023 were China ($5.78M), Chinese Taipei ($1.32M), and Canada ($1.12M).

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 Friction Material. 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)$4.96M
IMPORTS (2023)$22.1M
NET TRADE (2023)-$17.2M

In 2023, Kuwait exported $4.96M in Friction Material. The main destinations of Kuwait exports on Friction Material were Singapore ($3.03M), United Arab Emirates ($1.23M), Hong Kong ($596k), Iraq ($53.5k), and Saudi Arabia ($49.4k).

In 2023, Kuwait imported $22.1M in Friction Material, mainly from China ($7.22M), Japan ($1.83M), France ($1.65M), Chinese Taipei ($1.56M), and Czechia ($1.37M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Friction Material EXPORT MARKETS FOR Kuwait WERE (2022 - 2023):
Singapore$2.36M (353%)
Hong Kong$445k (294%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Friction Material BY Kuwait WERE (2022 - 2023):
Qatar-$633k (-100%)
Saudi Arabia-$43.9k (-47.1%)
Oman-$3.67k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Kuwait's main exporting competitors in Friction Material were:
In 2023, Kuwait's main importing competitors in Friction Material were:

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Trade Value of Friction Material by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSaudi Arabia+ $267k
TOP IMPORT POTENTIALIndia+ $418k

Friction Material’s highest export potential is Saudi Arabia. With an export gap of $267k.   Friction Material’s highest import potential is India with an import gap of $418k.

See methodology.

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