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Pricing

2022
Flag → Flag
Exports $4.72BRnk 48 / 219
2022
Flag → Flag
Top Product $657MCars
2022
Flag → Flag
Exports $2.33BRnk 11 / 156
2022
Flag → Flag
Top Product $893MCrude Petroleum
2022
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Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
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GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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 GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
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GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
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GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
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GDP PC$43,233CURRENT US$
Rnk 24 / 186
2012-2022
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GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186

About

United States-Kuwait Trade: In 2022, United States exported $4.72B to Kuwait. The main products that United States exported to Kuwait were Cars ($657M), Petroleum Gas ($463M), and Other Pure Vegetable Oils ($315M). Over the past 5 years the exports of United States to Kuwait have increased at an annualized rate of 4.37%, from $3.81B in 2017 to $4.72B in 2022.

In 2022, United States did not export any services to Kuwait.

Kuwait-United States Trade: In 2022, Kuwait exported $2.33B to United States. The main products that Kuwait exported to United States were Crude Petroleum ($893M), Refined Petroleum ($771M), and Sulfonated, Nitrated or Nitrosated Hydrocarbons ($442M). Over the past 5 years the exports of Kuwait to United States have decreased at an annualized rate of 4.67%,  from $2.95B in 2017 to $2.33B in 2022.

In 2022, Kuwait did not export any services to United States.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Company data: In 2023, leading companies such as Chevron (12) were at the forefront of exporting goods from Kuwait to the United States. Conversely, Saudi Arabian Chevron (9) and Other (3) were notable for importing products to Kuwait from the United States.

Latest Trends

August, 2024

About

Overview In August 2024, United States exported $229M and imported $148M from Kuwait, resulting in a positive trade balance of $81.9M. Between August 2023 and August 2024 the exports of United States have decreased by $-37.8M (-14.1%) from $267M to $229M, while imports decreased by $-21.3M (-12.6%) from $169M to $148M.

Trade In August 2024, the top exports of United States to Kuwait were Cars ($51.6M), Reaction and Catalytic Products ($22.2M), Petroleum Coke ($15.3M), Tanks and Armored vehicles ($11.2M), and Commodities not elsewhere specified ($4.51M). In August 2024 the top imports of United States from Kuwait were Refined Petroleum ($84.4M), Crude Petroleum ($29M), Commodities not elsewhere specified ($10.1M), Non-Iron and Steel Slag, Ash and... ($760k), and Concentrated Milk ($121k).

Origins In August 2024 the exports of United States were mainly from Texas ($58.6M), Louisiana ($28.2M), California ($21.2M), Georgia ($16.4M), and Indiana ($15M), while imports destinations were mainly Texas ($81.7M), Alabama ($56.3M), Oregon ($3.19M), Louisiana ($1.94M), and California ($1.17M).

Growth In August 2024, the decrease in United States's year-by-year exports to Kuwait was explained primarily by an decrease in product exports in Tanks and Armored vehicles ($-37.4M or -77%), Other Pure Vegetable Oils ($-14.1M or -100%), and Medical Instruments ($-7M or -65%). In August 2024, the decrease in United States's year-by-year imports  from Kuwait was explained primarily by an decrease in product imports  in Crude Petroleum ($-70.4M or -70.9%), Trunks and Cases ($-4.01k or -91.1%), and Non-Knit Women's Suits ($-714 or -43.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-37.8M(-14.1%)
IMPORT GROWTH (August 2023 - August 2024)$-21.3M(-12.6%)
MAIN EXPORTER (August 2024)Texas$58.6M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Kuwait and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Kuwait and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $4.72B to Kuwait. The main products exported from United States to Kuwait were Cars ($657M), Petroleum Gas ($463M), and Other Pure Vegetable Oils ($315M). During the last 5 years the exports of United States to Kuwait have increased at an annualized rate of 4.37%, from $3.81B in 2017 to $4.72B in 2022.

In 2017, Kuwait exported $2.33B to United States. The main products exported from Kuwait to United States were Crude Petroleum ($893M), Refined Petroleum ($771M), and Sulfonated, Nitrated or Nitrosated Hydrocarbons ($442M). During the last 5 years the exports of Kuwait to United States have decreased at an annualized rate of 4.67%, from $2.95B in 2022 to $2.33B in 2017.

Exports from United States (Flag) to Kuwait (Flag) (2022)

Exports from Kuwait (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Kuwait
Top DestinationChina$24.3B

This map shows whether countries import more from United States or Kuwait. Each country is colored based on the difference in imports they receive from United States and Kuwait or the difference in the growth in imports.

In 2022, countries that imported more from United States than Kuwait included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Kuwait than United States included Pakistan ($3.97B), Malawi ($105M), and Iran ($71M).

Difference in imports from Kuwait (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Kuwait

Flow
Scale

This chart compares trade between United States and Kuwait by product, considering products traded by both, United States and Kuwait.

During 2022, United States had a large net trade with Kuwait in the exports of Transportation ($1.39B), Machines ($680M), and Chemical Products ($503M).

During 2017, Kuwait had a large net trade with United States in the exports of Mineral Products ($1.68B), Chemical Products ($583M), and Transportation ($23.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Kuwait+$30.6MPackaged Medicaments
Top Product Potential Kuwait United States+$1.01BCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Kuwait. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Kuwait (Flag) (2022)

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