2018
Exports
$504kWorld Rnk 95 / 149
Flag Rnk 448 / 947
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2018
Imports
$130MWorld Rnk 60 / 208
Flag Rnk 116 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2018, Kuwait exported $504k in Palm Oil, making it the 95th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 448th most exported product in Kuwait. The main destination of Palm Oil exports from Kuwait are: Saudi Arabia ($504k) and Egypt ($24).

The fastest growing export markets for Palm Oil of Kuwait between 2021 and 2022 were Saudi Arabia ($504k) and Egypt ($24).

Imports In 2022, Kuwait imported $130M in Palm Oil, becoming the 60th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 116th most imported product in Kuwait. Kuwait imports Palm Oil primarily from: Malaysia ($86.9M), Saudi Arabia ($39.6M), United Arab Emirates ($2.07M), Oman ($660k), and United States ($242k).

The fastest growing import markets in Palm Oil for Kuwait between 2021 and 2022 were Malaysia ($56.5M), Saudi Arabia ($35M), and Spain ($114k).

COMPANIES In 2023, leading companies such as Chevron (12) were at the forefront of shipping Palm Oil from Kuwait to the United States.

Latest Trends

Oct 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 Palm Oil. 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)$504k
IMPORTS (2022)$130M
NET TRADE (2022)-$129M

In 2022, Kuwait exported $504k in Palm Oil. The main destinations of Kuwait exports on Palm Oil were Saudi Arabia ($504k) and Egypt ($24).

In 2022, Kuwait imported $130M in Palm Oil, mainly from Malaysia ($86.9M), Saudi Arabia ($39.6M), United Arab Emirates ($2.07M), Oman ($660k), and United States ($242k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Saudi Arabia$504k (1%)
Egypt$24 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Kuwait WERE (2021 - 2022):
Netherlands-$226k (-100%)
United Arab Emirates-$77.5k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Palm Oil were:
In 2022, Kuwait's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSaudi Arabia+ $322k
TOP IMPORT POTENTIALUnited Arab Emirates+ $688k

Palm Oil’s highest export potential is Saudi Arabia. With an export gap of $322k.   Palm Oil’s highest import potential is United Arab Emirates with an import gap of $688k.

See methodology.

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