China / Kuwait

Overview In August 2024, China exported $357M and imported $1.08B from Kuwait, resulting in a negative trade balance of $720M. Between August 2023 and August 2024 the exports of China have decreased by $-71.2M (-16.6%) from $428M to $357M, while imports decreased by $-221M (-17%) from $1.3B to $1.08B.

Trade In August 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 August 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 August 2024 the exports of China were mainly from Guangdong Province ($87.5M), Zhejiang Province ($67.2M), Jiangsu Province ($47.5M), Shandong Province ($27.3M), and Shanghai Province ($21.6M), while imports destinations were mainly Beijing ($664M), Yunnan Province ($177M), Guangxi Zhuang Autonomous Region ($80.5M), Zhejiang Province ($45.1M), and Guangdong Province ($44.6M).

Growth In August 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 ($-5.3M or -29.1%). In August 2024, the decrease in China's year-by-year imports  from Kuwait was explained primarily by an decrease in product imports  in Crude Petroleum ($-488M or -26.5%), Cyclic Hydrocarbons ($-39.6M or -65.2%), and Acyclic Alcohols ($-20.8M or -76.5%).