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2023
Flag → Flag
Exports $3.74BRnk 54 / 220
2023
Flag → Flag
Top Product $665MCars
2023
Flag → Flag
Exports $1.71BRnk 12 / 159
2023
Flag → Flag
Top Product $1.03BRefined Petroleum
2023
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Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
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Economic Complexity (ECI) ECI 0.21Rnk 53 / 132
2023
Flag  
GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
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 GDP$164BCURRENT US$
Rnk 58 / 195
2013-2023
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GDP GROWTH-6.01%CURRENT US$
Rnk 178 / 195
2023
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GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
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GDP PC$33,730CURRENT US$
Rnk 39 / 196
2013-2023
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GDP PC GROWTH-32.1%CURRENT US$
Rnk 187 / 195

About

United States-Kuwait Trade: In 2023, United States exported $3.74B to Kuwait. The main products that United States exported to Kuwait were Cars ($665M), Petroleum Gas ($302M), and Packaged Medicaments ($201M). Over the past 5 years the exports of United States to Kuwait have increased at an annualized rate of 3.44%, from $3.16B in 2018 to $3.74B in 2023.

In 2023, United States did not export any services to Kuwait.

Kuwait-United States Trade: In 2023, Kuwait exported $1.71B to United States. The main products that Kuwait exported to United States were Refined Petroleum ($1.03B), Crude Petroleum ($634M), and Cyclic Hydrocarbons ($9.92M). Over the past 5 years the exports of Kuwait to United States have decreased at an annualized rate of 3.05%,  from $2B in 2018 to $1.71B in 2023.

In 2023, Kuwait did not export any services to United States.

Comparison: In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

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

November, 2024

About

Overview In November 2024, United States exported $213M and imported $73.1M from Kuwait, resulting in a positive trade balance of $140M. Between November 2023 and November 2024 the exports of United States have increased by $39.8M (23%) from $173M to $213M, while imports decreased by $-26.4M (-26.5%) from $99.5M to $73.1M.

Trade In November 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 November 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 November 2024 the exports of United States were mainly from Michigan ($35.3M), Texas ($24.5M), New York ($22.8M), California ($17.5M), and Kentucky ($12.3M), while imports destinations were mainly Texas ($61.2M), Alabama ($9.22M), Ohio ($1.01M), Maryland ($814k), and Illinois ($371k).

Growth In November 2024, the increase in United States's year-by-year exports to Kuwait was explained primarily by an increase in product exports in Reaction and Catalytic Products ($21.8M or 5.27k%), Cars ($15.7M or 43.8%), and Air Pumps ($2.81M or 231%). In November 2024, the decrease in United States's year-by-year imports  from Kuwait was explained primarily by an decrease in product imports  in Crude Petroleum ($-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 (November 2023 - November 2024)$39.8M(23%)
IMPORT GROWTH (November 2023 - November 2024)$-26.4M(-26.5%)
MAIN EXPORTER (November 2024)Michigan$35.3M

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 2023, United States exported $3.74B to Kuwait. The main products exported from United States to Kuwait were Cars ($665M), Petroleum Gas ($302M), and Packaged Medicaments ($201M). During the last 5 years the exports of United States to Kuwait have increased at an annualized rate of 3.44%, from $3.16B in 2018 to $3.74B in 2023.

In 2018, Kuwait exported $1.71B to United States. The main products exported from Kuwait to United States were Refined Petroleum ($1.03B), Crude Petroleum ($634M), and Cyclic Hydrocarbons ($9.92M). During the last 5 years the exports of Kuwait to United States have decreased at an annualized rate of 3.05%, from $2B in 2023 to $1.71B in 2018.

Exports from United States (Flag) to Kuwait (Flag) (2023)

Exports from Kuwait (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
Kuwait
Top DestinationChina$17.4B

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 2023, countries that imported more from United States than Kuwait included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, countries that imported more from Kuwait than United States included Pakistan ($2.13B), Ethiopia ($1.33B), and Oman ($1.74B).

Difference in imports from Kuwait (Flag) and United States (Flag) (2023)

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 2023, United States had a large net trade with Kuwait in the exports of Transportation ($1.19B), Machines ($604M), and Chemical Products ($586M).

During 2018, Kuwait had a large net trade with United States in the exports of Mineral Products ($1.67B), Chemical Products ($14.3M), and Machines ($5.89M).

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) (2023)

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