2021
Exports | Imports
$2.62B | $2.13BWorld Rnk 26 / 165
Flag Rnk 3 / 975
World Rnk 32 / 221
Flag Rnk 2 / 1175
2021
ECONOMIC COMPLEXITY of Kuwait
0.34Rnk 48 / 131
2021
PRODUCT COMPLEXITY IN Petroleum Gas
-2.03Rnk 1001 / 1024

About

Exports In 2021, Kuwait exported $2.62B in Petroleum Gas, making it the 26th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 3rd most exported product in Kuwait. The main destination of Petroleum Gas exports from Kuwait are: India ($1.23B), China ($834M), Japan ($267M), Vietnam ($100M), and Indonesia ($69.9M).

The fastest growing export markets for Petroleum Gas of Kuwait between 2020 and 2021 were India ($399M), China ($290M), and Japan ($153M).

Imports In 2021, Kuwait imported $2.13B in Petroleum Gas, becoming the 32nd largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 2nd most imported product in Kuwait. Kuwait imports Petroleum Gas primarily from: Qatar ($1.47B), United States ($324M), Nigeria ($223M), Angola ($44.2M), and Egypt ($38.3M).

The fastest growing import markets in Petroleum Gas for Kuwait between 2020 and 2021 were Qatar ($1.47B), United States ($195M), and Nigeria ($149M).

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 Petroleum Gas. 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)$2.62B
IMPORTS (2021)$2.13B
NET TRADE (2021)$484M

In 2021, Kuwait exported $2.62B in Petroleum Gas. The main destinations of Kuwait exports on Petroleum Gas were India ($1.23B), China ($834M), Japan ($267M), Vietnam ($100M), and Indonesia ($69.9M).

In 2021, Kuwait imported $2.13B in Petroleum Gas, mainly from Qatar ($1.47B), United States ($324M), Nigeria ($223M), Angola ($44.2M), and Egypt ($38.3M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Kuwait WERE (2020 - 2021):
India$399M (48.3%)
China$290M (53.4%)
Japan$153M (135%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Kuwait WERE (2020 - 2021):
Indonesia-$26.1M (-27.2%)
Sri Lanka-$24.9M (-73%)
Philippines-$24.1M (-35.2%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Kuwait's main exporting competitors in Petroleum Gas were:
In 2021, Kuwait's main importing competitors in Petroleum Gas were:
China $56.6B
Japan $40.2B
Italy $30.5B

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Trade Value of Petroleum Gas by Exporters

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