2021
Exports | Imports
$14.7M | $1.06BWorld Rnk 125 / 172
Flag Rnk 66 / 975
World Rnk 26 / 176
Flag Rnk 3 / 1175
2021
ECONOMIC COMPLEXITY of Kuwait
0.34Rnk 48 / 131
2021
PRODUCT COMPLEXITY IN Gold
-2.48Rnk 1018 / 1024

About

Exports In 2021, Kuwait exported $14.7M in Gold, making it the 125th largest exporter of Gold in the world. At the same year, Gold was the 66th most exported product in Kuwait. The main destination of Gold exports from Kuwait are: United Arab Emirates ($14.5M) and Nepal ($132k).

The fastest growing export markets for Gold of Kuwait between 2020 and 2021 were Nepal ($94.3k).

Imports In 2021, Kuwait imported $1.06B in Gold, becoming the 26th largest importer of Gold in the world. At the same year, Gold was the 3rd most imported product in Kuwait. Kuwait imports Gold primarily from: United Arab Emirates ($890M), Switzerland ($138M), Turkey ($27.5M), United States ($1.31M), and United Kingdom ($77.1k).

The fastest growing import markets in Gold for Kuwait between 2020 and 2021 were United Arab Emirates ($559M), Switzerland ($53.9M), and Turkey ($1.83M).

Latest Trends

Dec 2023

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 Gold. 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 (2021)$14.7M
IMPORTS (2021)$1.06B
NET TRADE (2021)-$1.04B

In 2021, Kuwait exported $14.7M in Gold. The main destinations of Kuwait exports on Gold were United Arab Emirates ($14.5M) and Nepal ($132k).

In 2021, Kuwait imported $1.06B in Gold, mainly from United Arab Emirates ($890M), Switzerland ($138M), Turkey ($27.5M), United States ($1.31M), and United Kingdom ($77.1k).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Kuwait WERE (2020 - 2021):Nepal$94.3k (253%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Kuwait WERE (2020 - 2021):
United Arab Emirates-$30.8M (-68%)
Turkey-$5.52M (-100%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Kuwait's main exporting competitors in Gold were:
In 2021, Kuwait's main importing competitors in Gold were:

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Trade Value of Gold by Exporters

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