2022
Exports
$16.8BWorld Rnk 17 / 214
Flag Rnk 2 / 947
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$217MWorld Rnk 157 / 225
Flag Rnk 68 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $16.8B in Refined Petroleum, making it the 17th 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 Kingdom ($2.17B), Pakistan ($2.04B), United Arab Emirates ($1.68B), France ($1.61B), and South Korea ($1.4B).

The fastest growing export markets for Refined Petroleum of Kuwait between 2021 and 2022 were United Kingdom ($1.65B), Pakistan ($1.21B), and France ($1.17B).

Imports In 2022, Kuwait imported $217M in Refined Petroleum, becoming the 157th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 68th most imported product in Kuwait. Kuwait imports Refined Petroleum primarily from: United Arab Emirates ($108M), Belgium ($19.7M), India ($17.7M), Saudi Arabia ($12.4M), and Oman ($7.8M).

The fastest growing import markets in Refined Petroleum for Kuwait between 2021 and 2022 were United Arab Emirates ($30.6M), Belgium ($13.1M), and India ($8.13M).

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 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 (2022)$16.8B
IMPORTS (2022)$217M
NET TRADE (2022)$16.6B

In 2022, Kuwait exported $16.8B in Refined Petroleum. The main destinations of Kuwait exports on Refined Petroleum were United Kingdom ($2.17B), Pakistan ($2.04B), United Arab Emirates ($1.68B), France ($1.61B), and South Korea ($1.4B).

In 2022, Kuwait imported $217M in Refined Petroleum, mainly from United Arab Emirates ($108M), Belgium ($19.7M), India ($17.7M), Saudi Arabia ($12.4M), and Oman ($7.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
United Kingdom$1.65B (321%)
Pakistan$1.21B (147%)
France$1.17B (263%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Kuwait WERE (2021 - 2022):
Ethiopia-$157M (-33.6%)
India-$153M (-62.4%)
Indonesia-$106M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Refined Petroleum were:
In 2022, Kuwait's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $670M
TOP IMPORT POTENTIALIndia+ $26M

Refined Petroleum’s highest export potential is United States. With an export gap of $670M.   Refined Petroleum’s highest import potential is India with an import gap of $26M.

See methodology.

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