2022
Exports
$2.23MWorld Rnk 78 / 214
Flag Rnk 260 / 947
2022
PRODUCT COMPLEXITY IN Thermostats
1.04Rnk 157 / 1025
2022
Imports
$50.5MWorld Rnk 53 / 223
Flag Rnk 229 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $2.23M in Thermostats, making it the 78th largest exporter of Thermostats in the world. At the same year, Thermostats was the 260th most exported product in Kuwait. The main destination of Thermostats exports from Kuwait are: Saudi Arabia ($539k), Germany ($523k), Egypt ($460k), United Arab Emirates ($455k), and Qatar ($72.1k).

The fastest growing export markets for Thermostats of Kuwait between 2021 and 2022 were Germany ($519k), Saudi Arabia ($469k), and United Arab Emirates ($390k).

Imports In 2022, Kuwait imported $50.5M in Thermostats, becoming the 53rd largest importer of Thermostats in the world. At the same year, Thermostats was the 229th most imported product in Kuwait. Kuwait imports Thermostats primarily from: Mexico ($8.43M), China ($7.18M), United States ($6.48M), Malaysia ($4.45M), and Italy ($3.72M).

The fastest growing import markets in Thermostats for Kuwait between 2021 and 2022 were Mexico ($4.07M), China ($4.07M), and Malaysia ($1.99M).

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 Thermostats. 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)$2.23M
IMPORTS (2022)$50.5M
NET TRADE (2022)-$48.2M

In 2022, Kuwait exported $2.23M in Thermostats. The main destinations of Kuwait exports on Thermostats were Saudi Arabia ($539k), Germany ($523k), Egypt ($460k), United Arab Emirates ($455k), and Qatar ($72.1k).

In 2022, Kuwait imported $50.5M in Thermostats, mainly from Mexico ($8.43M), China ($7.18M), United States ($6.48M), Malaysia ($4.45M), and Italy ($3.72M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Germany$519k (15.7k%)
Saudi Arabia$469k (671%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY Kuwait WERE (2021 - 2022):
Italy-$191k (-99.4%)
France-$164k (-76.9%)
India-$37k (-96.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Thermostats were:
Japan $5.66B
China $5.61B
Germany $4.45B
In 2022, Kuwait's main importing competitors in Thermostats were:

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $392k
TOP IMPORT POTENTIALChina+ $3.71M

Thermostats’s highest export potential is Germany. With an export gap of $392k.   Thermostats’s highest import potential is China with an import gap of $3.71M.

See methodology.

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