2023
Exports
$4.19MWorld Rnk 90 / 219
Flag Rnk 125 / 991
2023
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.86Rnk 6 / 1025
2023
Imports
$90.2MWorld Rnk 78 / 226
Flag Rnk 92 / 1168
2023
ECONOMIC COMPLEXITY of Kuwait
0.21Rnk 53 / 132

About

Exports In 2023, Kuwait exported $4.19M in Machinery Having Individual Functions, making it the 90th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 125th most exported product in Kuwait. The main destination of Machinery Having Individual Functions exports from Kuwait are: United Arab Emirates ($1.4M), Netherlands ($386k), Republic of the Congo ($273k), Oman ($265k), and Iran ($248k).

The fastest growing export markets for Machinery Having Individual Functions of Kuwait between 2022 and 2023 were United Arab Emirates ($1.13M), Netherlands ($377k), and Republic of the Congo ($272k).

Imports In 2023, Kuwait imported $90.2M in Machinery Having Individual Functions, becoming the 78th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 92nd most imported product in Kuwait. Kuwait imports Machinery Having Individual Functions primarily from: China ($16M), Singapore ($15.2M), Germany ($14.2M), United States ($12.7M), and Italy ($6.44M).

The fastest growing import markets in Machinery Having Individual Functions for Kuwait between 2022 and 2023 were Singapore ($6.24M), Germany ($4.23M), and United States ($2.46M).

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 Machinery Having Individual Functions. 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)$4.19M
IMPORTS (2023)$90.2M
NET TRADE (2023)-$86M

In 2023, Kuwait exported $4.19M in Machinery Having Individual Functions. The main destinations of Kuwait exports on Machinery Having Individual Functions were United Arab Emirates ($1.4M), Netherlands ($386k), Republic of the Congo ($273k), Oman ($265k), and Iran ($248k).

In 2023, Kuwait imported $90.2M in Machinery Having Individual Functions, mainly from China ($16M), Singapore ($15.2M), Germany ($14.2M), United States ($12.7M), and Italy ($6.44M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Kuwait WERE (2022 - 2023):
Netherlands$377k (4.25k%)
Republic of the Congo$272k (38.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Kuwait WERE (2022 - 2023):
Kenya-$626k (-99.9%)
Qatar-$380k (-64.3%)
Egypt-$296k (-92.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Kuwait's main exporting competitors in Machinery Having Individual Functions were:
In 2023, Kuwait's main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSaudi Arabia+ $1.86M
TOP IMPORT POTENTIALChina+ $11.6M

Machinery Having Individual Functions’s highest export potential is Saudi Arabia. With an export gap of $1.86M.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $11.6M.

See methodology.

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