2022
Exports
$20.4MWorld Rnk 119 / 210
Flag Rnk 46 / 96
2022
PRODUCT COMPLEXITY IN Animal or vegetable fats, oils, & waxes
0.8Rnk 244 / 1025
2022
Imports
$856MWorld Rnk 45 / 224
Flag Rnk 20 / 96
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $20.4M in Animal or vegetable fats, oils, & waxes, making it the 119th largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 46th most exported product in Kuwait. The main destination of Animal or vegetable fats, oils, & waxes exports from Kuwait are: Netherlands ($7.6M), Portugal ($2.63M), United Arab Emirates ($2.43M), Spain ($1.53M), and Saudi Arabia ($1.42M).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of Kuwait between 2021 and 2022 were Netherlands ($3.48M), United Arab Emirates ($1.68M), and Portugal ($1.08M).

Imports In 2022, Kuwait imported $856M in Animal or vegetable fats, oils, & waxes, becoming the 45th largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 20th most imported product in Kuwait. Kuwait imports Animal or vegetable fats, oils, & waxes primarily from: United States ($330M), Malaysia ($137M), Saudi Arabia ($135M), United Arab Emirates ($102M), and Belgium ($34.3M).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for Kuwait between 2021 and 2022 were United States ($199M), Saudi Arabia ($109M), and Malaysia ($87.1M).

COMPANIES In 2023, leading companies such as Chevron (12) were at the forefront of shipping Animal or vegetable fats, oils, & waxes from Kuwait to the United States.

Latest Trends

Apr 2024

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Animal or vegetable fats, oils, & waxes. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$20.4M
IMPORTS (2022)$856M
NET TRADE (2022)-$836M

In 2022, Kuwait exported $20.4M in Animal or vegetable fats, oils, & waxes. The main destinations of Kuwait exports on Animal or vegetable fats, oils, & waxes were Netherlands ($7.6M), Portugal ($2.63M), United Arab Emirates ($2.43M), Spain ($1.53M), and Saudi Arabia ($1.42M).

In 2022, Kuwait imported $856M in Animal or vegetable fats, oils, & waxes, mainly from United States ($330M), Malaysia ($137M), Saudi Arabia ($135M), United Arab Emirates ($102M), and Belgium ($34.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal or vegetable fats, oils, & waxes EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Netherlands$3.48M (84.4%)
Portugal$1.08M (69.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal or vegetable fats, oils, & waxes BY Kuwait WERE (2021 - 2022):
United Kingdom-$962k (-41.8%)
Spain-$238k (-13.5%)
Czechia-$66.5k (-18.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Animal or vegetable fats, oils, & waxes were:
In 2022, Kuwait's main importing competitors in Animal or vegetable fats, oils, & waxes were:

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Trade Value of Animal or vegetable fats, oils, & waxes by Exporters

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