2021
Exports | Imports
$7.57B | $347MWorld Rnk 20 / 218
Flag Rnk 2 / 975
World Rnk 137 / 226
Flag Rnk 11 / 1175
2021
ECONOMIC COMPLEXITY of Kuwait
0.34Rnk 48 / 131
2021
PRODUCT COMPLEXITY IN Refined Petroleum
-0.99Rnk 831 / 1024

About

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).

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 Refined Petroleum. 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)$7.57B
IMPORTS (2021)$347M
NET TRADE (2021)$7.23B

In 2021, Kuwait exported $7.57B in Refined Petroleum. The main destinations of Kuwait exports on Refined Petroleum were United Arab Emirates ($1.04B), South Korea ($876M), Japan ($852M), Pakistan ($730M), and United Kingdom ($513M).

In 2021, Kuwait imported $347M in Refined Petroleum, mainly from Saudi Arabia ($172M), United Arab Emirates ($76.8M), Malaysia ($19.9M), Singapore ($18.6M), and Turkey ($14.3M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Kuwait WERE (2020 - 2021):
South Korea$556M (173%)
Japan$358M (72.6%)
Pakistan$344M (89%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Kuwait WERE (2020 - 2021):
Egypt-$210M (-99.5%)
Singapore-$204M (-49%)
Lebanon-$96.4M (-56.9%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Kuwait's main exporting competitors in Refined Petroleum were:
In 2021, Kuwait's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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