2022
Exports
$13.9MWorld Rnk 64 / 224
Flag Rnk 105 / 947
2022
PRODUCT COMPLEXITY IN Valves
1.35Rnk 81 / 1025
2022
Imports
$420MWorld Rnk 45 / 224
Flag Rnk 24 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $13.9M in Valves, making it the 64th largest exporter of Valves in the world. At the same year, Valves was the 105th most exported product in Kuwait. The main destination of Valves exports from Kuwait are: United Arab Emirates ($6.75M), Saudi Arabia ($2.12M), United States ($1.33M), Iraq ($974k), and Iran ($678k).

The fastest growing export markets for Valves of Kuwait between 2021 and 2022 were United Arab Emirates ($5.51M), Saudi Arabia ($1.42M), and United States ($733k).

Imports In 2022, Kuwait imported $420M in Valves, becoming the 45th largest importer of Valves in the world. At the same year, Valves was the 24th most imported product in Kuwait. Kuwait imports Valves primarily from: Qatar ($78M), China ($72M), Singapore ($40M), United States ($33.5M), and Germany ($30.6M).

The fastest growing import markets in Valves for Kuwait between 2021 and 2022 were Qatar ($52M), China ($31.6M), and Singapore ($28.8M).

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 Valves. 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)$13.9M
IMPORTS (2022)$420M
NET TRADE (2022)-$406M

In 2022, Kuwait exported $13.9M in Valves. The main destinations of Kuwait exports on Valves were United Arab Emirates ($6.75M), Saudi Arabia ($2.12M), United States ($1.33M), Iraq ($974k), and Iran ($678k).

In 2022, Kuwait imported $420M in Valves, mainly from Qatar ($78M), China ($72M), Singapore ($40M), United States ($33.5M), and Germany ($30.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Saudi Arabia$1.42M (203%)
United States$733k (123%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Kuwait WERE (2021 - 2022):
Belgium-$1.15M (-99.3%)
Singapore-$42k (-90.7%)
Vietnam-$38.2k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSaudi Arabia+ $2.3M
TOP IMPORT POTENTIALChina+ $26.4M

Valves’s highest export potential is Saudi Arabia. With an export gap of $2.3M.   Valves’s highest import potential is China with an import gap of $26.4M.

See methodology.

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