Overview In 2021, Kuwait was the number 59 economy in the world in terms of GDP (current US$), the number 51 in total exports, the number 68 in total imports, the number 42 economy in terms of GDP per capita (current US$) and the number 48 most complex economy according to the Economic Complexity Index (ECI) .
Exports The top exports of Kuwait are Crude Petroleum ($40.1B), Refined Petroleum ($7.57B), Petroleum Gas ($2.62B), Cyclic Hydrocarbons ($1.28B), and Sulfonated, Nitrated or Nitrosated Hydrocarbons ($1.02B), exporting mostly to China ($16B), India ($8.72B), South Korea ($7.23B), Japan ($5.79B), and Vietnam ($4.1B).
In 2021, Kuwait was the world's biggest exporter of Sulfonated, Nitrated or Nitrosated Hydrocarbons ($1.02B)
Imports The top imports of Kuwait are Cars ($2.84B), Petroleum Gas ($2.13B), Gold ($1.06B), Jewellery ($1.04B), and Packaged Medicaments ($833M), importing mostly from China ($5B), United Arab Emirates ($4.69B), United States ($2.85B), Saudi Arabia ($2.04B), and Japan ($1.61B).
In 2021, Kuwait was the world's biggest importer of Cast Iron Pipes ($117M)
Location Kuwait borders Iraq and Saudi Arabia by land and Iran by sea.