2018
Exports
$3.3MWorld Rnk 41 / 135
Flag Rnk 223 / 947
2022
PRODUCT COMPLEXITY IN Asphalt
-0.09Rnk 576 / 1025
2018
Imports
$51.5MWorld Rnk 7 / 213
Flag Rnk 223 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2018, Kuwait exported $3.3M in Asphalt, making it the 41st largest exporter of Asphalt in the world. At the same year, Asphalt was the 223rd most exported product in Kuwait. The main destination of Asphalt exports from Kuwait are: Qatar ($2.7M), Iraq ($480k), Jordan ($82.3k), Yemen ($27.6k), and Saudi Arabia ($13.1k).

The fastest growing export markets for Asphalt of Kuwait between 2021 and 2022 were Qatar ($1.24M), Iraq ($376k), and Jordan ($51.9k).

Imports In 2022, Kuwait imported $51.5M in Asphalt, becoming the 7th largest importer of Asphalt in the world. At the same year, Asphalt was the 223rd most imported product in Kuwait. Kuwait imports Asphalt primarily from: Saudi Arabia ($50.6M), China ($276k), United Arab Emirates ($198k), United States ($198k), and Italy ($106k).

The fastest growing import markets in Asphalt for Kuwait between 2021 and 2022 were Saudi Arabia ($35.3M), United Arab Emirates ($198k), and United States ($192k).

Latest Trends

Jul 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 (2022)$3.3M
IMPORTS (2022)$51.5M
NET TRADE (2022)-$48.2M

In 2022, Kuwait exported $3.3M in Asphalt. The main destinations of Kuwait exports on Asphalt were Qatar ($2.7M), Iraq ($480k), Jordan ($82.3k), Yemen ($27.6k), and Saudi Arabia ($13.1k).

In 2022, Kuwait imported $51.5M in Asphalt, mainly from Saudi Arabia ($50.6M), China ($276k), United Arab Emirates ($198k), United States ($198k), and Italy ($106k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Asphalt EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Qatar$1.24M (85.4%)
Iraq$376k (364%)
Jordan$51.9k (171%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Asphalt BY Kuwait WERE (2021 - 2022):
Oman-$127k (-100%)
United Arab Emirates-$18.8k (-100%)
Germany-$8.09k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Asphalt were:
In 2022, 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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