2022
Exports
$9.04MWorld Rnk 73 / 203
Flag Rnk 135 / 947
2022
PRODUCT COMPLEXITY IN Rubber Tires
0.16Rnk 500 / 1025
2022
Imports
$258MWorld Rnk 61 / 225
Flag Rnk 53 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $9.04M in Rubber Tires, making it the 73rd largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 135th most exported product in Kuwait. The main destination of Rubber Tires exports from Kuwait are: Qatar ($5.1M), Iraq ($766k), South Africa ($533k), Saudi Arabia ($519k), and United Arab Emirates ($508k).

The fastest growing export markets for Rubber Tires of Kuwait between 2021 and 2022 were Qatar ($1.94M), Iraq ($555k), and Saudi Arabia ($513k).

Imports In 2022, Kuwait imported $258M in Rubber Tires, becoming the 61st largest importer of Rubber Tires in the world. At the same year, Rubber Tires was the 53rd most imported product in Kuwait. Kuwait imports Rubber Tires primarily from: China ($127M), Japan ($32.2M), Thailand ($16.8M), South Korea ($12.2M), and Vietnam ($11.8M).

The fastest growing import markets in Rubber Tires for Kuwait between 2021 and 2022 were China ($59.4M), Thailand ($9.77M), and Vietnam ($7.78M).

Latest Trends

Jul 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 Tires. 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)$9.04M
IMPORTS (2022)$258M
NET TRADE (2022)-$249M

In 2022, Kuwait exported $9.04M in Rubber Tires. The main destinations of Kuwait exports on Rubber Tires were Qatar ($5.1M), Iraq ($766k), South Africa ($533k), Saudi Arabia ($519k), and United Arab Emirates ($508k).

In 2022, Kuwait imported $258M in Rubber Tires, mainly from China ($127M), Japan ($32.2M), Thailand ($16.8M), South Korea ($12.2M), and Vietnam ($11.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Tires EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Qatar$1.94M (61.6%)
Iraq$555k (262%)
Saudi Arabia$513k (8.83k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Tires BY Kuwait WERE (2021 - 2022):
Hong Kong-$220k (-100%)
Ireland-$49.4k (-100%)
Libya-$43.9k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Rubber Tires were:
In 2022, Kuwait's main importing competitors in Rubber Tires were:

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Trade Value of Rubber Tires by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSaudi Arabia+ $886k
TOP IMPORT POTENTIALChina+ $11.8M

Rubber Tires’s highest export potential is Saudi Arabia. With an export gap of $886k.   Rubber Tires’s highest import potential is China with an import gap of $11.8M.

See methodology.

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