Overview In 2020 Kuwait was the number 61 economy in the world in terms of GDP (current US$), the number 51 in total exports, the number 64 in total imports,
the number 39 economy in terms of GDP per capita (current US$) and the number 56 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Kuwait are Crude Petroleum ($27.6B), Refined Petroleum ($5.3B), Petroleum Gas ($1.73B), Planes, Helicopters, and/or Spacecraft ($1.04B), and Cyclic Hydrocarbons ($741M), exporting mostly to China ($9.8B), India ($5.91B), South Korea ($5.15B), Japan ($4.03B), and Vietnam ($2.84B).
In 2020, Kuwait was the world's biggest exporter of Sulfonated, Nitrated or Nitrosated Hydrocarbons ($688M)
Imports The top imports of Kuwait are Cars ($2.36B), Packaged Medicaments ($820M), Broadcasting Equipment ($680M), Planes, Helicopters, and/or Spacecraft ($590M), and Copper Wire ($505M), importing mostly from China ($4.26B), United Arab Emirates ($3.18B), United States ($2.25B), Saudi Arabia ($1.75B), and Japan ($1.48B).
Location Kuwait borders Iraqand Saudi Arabia by land and Iran by sea.