China / Kuwait

Overview In October 2024, China exported $416M and imported $678M from Kuwait, resulting in a negative trade balance of $262M. Between October 2023 and October 2024 the exports of China have decreased by $-18M (-4.15%) from $434M to $416M, while imports decreased by $-1.2B (-63.8%) from $1.87B to $678M.

Trade In October 2024, the top exports of China to Kuwait were Iron Pipes ($120M), Telephones ($58.9M), Cars ($40M), Other toys ($12.9M), and Light Fixtures ($12.2M). In October 2024 the top imports of China from Kuwait were Crude Petroleum ($1.36B), Refined Petroleum ($102M), Petroleum Gas ($53M), Cyclic Hydrocarbons ($21.1M), and Ethylene Polymers ($10.6M).

Origins In October 2024 the exports of China were mainly from Guangdong Province ($74.2M), Zhejiang Province ($72.8M), Jiangsu Province ($56.9M), Tianjin ($39.8M), and Shandong Province ($29.5M), while imports destinations were mainly Beijing ($462M), Yunnan Province ($86.1M), Zhejiang Province ($60.5M), Shandong Province ($31.9M), and Jiangsu Province ($12.5M).

Growth In October 2024, the decrease in China's year-by-year exports to Kuwait was explained primarily by an decrease in product exports in Other Construction Vehicles ($-14M or -87.3%), Other Plastic Products ($-7.14M or -57.5%), and Other toys ($-5.3M or -29.1%). In October 2024, the decrease in China's year-by-year imports  from Kuwait was explained primarily by an decrease in product imports  in Crude Petroleum ($-488M or -26.5%), Cyclic Hydrocarbons ($-39.6M or -65.2%), and Acyclic Alcohols ($-20.8M or -76.5%).