Refined Petroleum in   Kuwait

Exports In 2021, Kuwait exported $7.57B in Refined Petroleum, making it the 20th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Kuwait. The main destination of Refined Petroleum exports from Kuwait are: United Arab Emirates ($1.04B), South Korea ($876M), Japan ($852M), Pakistan ($730M), and United Kingdom ($513M).

The fastest growing export markets for Refined Petroleum of Kuwait between 2020 and 2021 were South Korea ($556M), Japan ($358M), and Pakistan ($344M).

Imports In 2021, Kuwait imported $347M in Refined Petroleum, becoming the 137th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 11th most imported product in Kuwait. Kuwait imports Refined Petroleum primarily from: Saudi Arabia ($172M), United Arab Emirates ($76.8M), Malaysia ($19.9M), Singapore ($18.6M), and Turkey ($14.3M).

The fastest growing import markets in Refined Petroleum for Kuwait between 2020 and 2021 were Saudi Arabia ($169M), United Arab Emirates ($27.1M), and Malaysia ($19.7M).

Tariffs In 2018, the average tariff for Kuwait in Refined Petroleum was 4.79%. The countries with the highest import tariffs for Refined Petroleum were Angola (Most Favoured Nation duty rate treatment, 5%), Burundi (Most Favoured Nation duty rate treatment, 5%), Benin (Most Favoured Nation duty rate treatment, 5%), Burkina Faso (Most Favoured Nation duty rate treatment, 5%), and Botswana (Most Favoured Nation duty rate treatment, 5%).