Overview In 2022, Kuwait was the number 56 economy in the world in terms of GDP (current US$), the number 42 in total exports, the number 55 in total imports, the number 24 economy in terms of GDP per capita (current US$) and the number 46 most complex economy according to the Economic Complexity Index (ECI) .
Exports The top exports of Kuwait are Crude Petroleum ($62.6B), Refined Petroleum ($16.8B), Petroleum Gas ($3.51B), Sulfonated, Nitrated or Nitrosated Hydrocarbons ($3.23B), and Acyclic Alcohols ($2.79B), exporting mostly to China ($24.3B), India ($15B), South Korea ($10.8B), Japan ($8.64B), and Chinese Taipei ($7.34B).
In 2022, Kuwait was the world's biggest exporter of Sulfonated, Nitrated or Nitrosated Hydrocarbons ($3.23B)
Imports The top imports of Kuwait are Cars ($5.12B), Gold ($3.25B), Jewellery ($2.95B), Packaged Medicaments ($1.42B), and Broadcasting Equipment ($1.35B), importing mostly from United Arab Emirates ($13B), China ($10.2B), Saudi Arabia ($5.91B), United States ($4.72B), and Japan ($2.57B).
In 2022, Kuwait was the world's biggest importer of Sheep and Goats ($329M) and Cast Iron Pipes ($284M)
Location Kuwait borders Iraq and Saudi Arabia by land and Iran by sea.