2022
Exports
$20.9MWorld Rnk 90 / 226
Flag Rnk 45 / 96
2022
PRODUCT COMPLEXITY IN Rubber & articles thereof
0.93Rnk 199 / 1025
2022
Imports
$438MWorld Rnk 62 / 226
Flag Rnk 37 / 96
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $20.9M in Rubber & articles thereof, making it the 90th largest exporter of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 45th most exported product in Kuwait. The main destination of Rubber & articles thereof exports from Kuwait are: Qatar ($7.05M), United Arab Emirates ($2.43M), Saudi Arabia ($2.3M), Iraq ($1.98M), and Pakistan ($1.65M).

The fastest growing export markets for Rubber & articles thereof of Kuwait between 2021 and 2022 were Qatar ($3.71M), Iraq ($1.6M), and United Arab Emirates ($1.44M).

Imports In 2022, Kuwait imported $438M in Rubber & articles thereof, becoming the 62nd largest importer of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 37th most imported product in Kuwait. Kuwait imports Rubber & articles thereof primarily from: China ($160M), Japan ($40.3M), United States ($25.6M), United Arab Emirates ($24.8M), and Thailand ($22.8M).

The fastest growing import markets in Rubber & articles thereof for Kuwait between 2021 and 2022 were China ($76.4M), United Arab Emirates ($15.5M), and United States ($13.1M).

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 Rubber & articles thereof. 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)$20.9M
IMPORTS (2022)$438M
NET TRADE (2022)-$417M

In 2022, Kuwait exported $20.9M in Rubber & articles thereof. The main destinations of Kuwait exports on Rubber & articles thereof were Qatar ($7.05M), United Arab Emirates ($2.43M), Saudi Arabia ($2.3M), Iraq ($1.98M), and Pakistan ($1.65M).

In 2022, Kuwait imported $438M in Rubber & articles thereof, mainly from China ($160M), Japan ($40.3M), United States ($25.6M), United Arab Emirates ($24.8M), and Thailand ($22.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber & articles thereof EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Qatar$3.71M (111%)
Iraq$1.6M (420%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber & articles thereof BY Kuwait WERE (2021 - 2022):
Iran-$10.9M (-99.7%)
Hong Kong-$315k (-100%)
Indonesia-$222k (-82.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Rubber & articles thereof were:
China $33.5B
Germany $17.1B
In 2022, Kuwait's main importing competitors in Rubber & articles thereof were:

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Trade Value of Rubber & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSaudi Arabia+ $1.87M
TOP IMPORT POTENTIALChina+ $22.2M

Rubber & articles thereof’s highest export potential is Saudi Arabia. With an export gap of $1.87M.   Rubber & articles thereof’s highest import potential is China with an import gap of $22.2M.

See methodology.

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