2023
Exports
$1.57MWorld Rnk 49 / 134
Flag Rnk 196 / 991
2023
PRODUCT COMPLEXITY IN Asphalt
0.036Rnk 546 / 1025
2023
Imports
$26MWorld Rnk 21 / 213
Flag Rnk 239 / 1168
2023
ECONOMIC COMPLEXITY of Kuwait
0.21Rnk 53 / 132

About

Exports In 2023, Kuwait exported $1.57M in Asphalt, making it the 49th largest exporter of Asphalt in the world. At the same year, Asphalt was the 196th most exported product in Kuwait. The main destination of Asphalt exports from Kuwait are: Iraq ($765k), United Arab Emirates ($305k), Oman ($281k), Qatar ($134k), and Jordan ($38k).

The fastest growing export markets for Asphalt of Kuwait between 2022 and 2023 were Iraq ($619k), United Arab Emirates ($305k), and Oman ($281k).

Imports In 2023, Kuwait imported $26M in Asphalt, becoming the 21st largest importer of Asphalt in the world. At the same year, Asphalt was the 239th most imported product in Kuwait. Kuwait imports Asphalt primarily from: Saudi Arabia ($25.5M), United Arab Emirates ($340k), China ($76.3k), Italy ($44.8k), and United States ($21.1k).

The fastest growing import markets in Asphalt for Kuwait between 2022 and 2023 were Saudi Arabia ($8.8M), United Arab Emirates ($271k), and Egypt ($20.9k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
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 Asphalt. 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 (2023)$1.57M
IMPORTS (2023)$26M
NET TRADE (2023)-$24.4M

In 2023, Kuwait exported $1.57M in Asphalt. The main destinations of Kuwait exports on Asphalt were Iraq ($765k), United Arab Emirates ($305k), Oman ($281k), Qatar ($134k), and Jordan ($38k).

In 2023, Kuwait imported $26M in Asphalt, mainly from Saudi Arabia ($25.5M), United Arab Emirates ($340k), China ($76.3k), Italy ($44.8k), and United States ($21.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Asphalt EXPORT MARKETS FOR Kuwait WERE (2022 - 2023):
Iraq$619k (423%)
Oman$281k (669k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Asphalt BY Kuwait WERE (2022 - 2023):
Qatar-$1.21M (-90%)
Jordan-$707 (-1.83%)
Canada-$310 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Kuwait's main exporting competitors in Asphalt were:
In 2023, Kuwait's main importing competitors in Asphalt were:

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Trade Value of Asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSaudi Arabia+ $25.4k
TOP IMPORT POTENTIALUnited States+ $322k

Asphalt’s highest export potential is Saudi Arabia. With an export gap of $25.4k.   Asphalt’s highest import potential is United States with an import gap of $322k.

See methodology.

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