2022
Exports
$26.6MWorld Rnk 64 / 216
Flag Rnk 76 / 947
2022
PRODUCT COMPLEXITY IN Industrial Fatty Acids, Oils and Alcohols
-0.69Rnk 753 / 1025
2022
Imports
$245MWorld Rnk 50 / 222
Flag Rnk 56 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $26.6M in Industrial Fatty Acids, Oils and Alcohols, making it the 64th largest exporter of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 76th most exported product in Kuwait. The main destination of Industrial Fatty Acids, Oils and Alcohols exports from Kuwait are: India ($19.5M), Bahrain ($1.52M), United Arab Emirates ($1M), Iraq ($999k), and Qatar ($884k).

The fastest growing export markets for Industrial Fatty Acids, Oils and Alcohols of Kuwait between 2021 and 2022 were Bahrain ($1.49M), Iraq ($957k), and United Arab Emirates ($756k).

Imports In 2022, Kuwait imported $245M in Industrial Fatty Acids, Oils and Alcohols, becoming the 50th largest importer of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 56th most imported product in Kuwait. Kuwait imports Industrial Fatty Acids, Oils and Alcohols primarily from: China ($78.3M), United Arab Emirates ($43.8M), Saudi Arabia ($35.9M), Italy ($18.3M), and United States ($16.2M).

The fastest growing import markets in Industrial Fatty Acids, Oils and Alcohols for Kuwait between 2021 and 2022 were China ($62.8M), United Arab Emirates ($30.5M), and Saudi Arabia ($24.7M).

Latest Trends

Jul 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 Industrial Fatty Acids, Oils and Alcohols. 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)$26.6M
IMPORTS (2022)$245M
NET TRADE (2022)-$218M

In 2022, Kuwait exported $26.6M in Industrial Fatty Acids, Oils and Alcohols. The main destinations of Kuwait exports on Industrial Fatty Acids, Oils and Alcohols were India ($19.5M), Bahrain ($1.52M), United Arab Emirates ($1M), Iraq ($999k), and Qatar ($884k).

In 2022, Kuwait imported $245M in Industrial Fatty Acids, Oils and Alcohols, mainly from China ($78.3M), United Arab Emirates ($43.8M), Saudi Arabia ($35.9M), Italy ($18.3M), and United States ($16.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Fatty Acids, Oils and Alcohols EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Bahrain$1.49M (5.14k%)
Iraq$957k (2.29k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Fatty Acids, Oils and Alcohols BY Kuwait WERE (2021 - 2022):
Belgium-$278k (-100%)
South Korea-$62.3k (-100%)
Tunisia-$55.3k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Industrial Fatty Acids, Oils and Alcohols were:
In 2022, Kuwait's main importing competitors in Industrial Fatty Acids, Oils and Alcohols were:

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Trade Value of Industrial Fatty Acids, Oils and Alcohols by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $124k
TOP IMPORT POTENTIALIndia+ $221k

Industrial Fatty Acids, Oils and Alcohols’s highest export potential is India. With an export gap of $124k.   Industrial Fatty Acids, Oils and Alcohols’s highest import potential is India with an import gap of $221k.

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