2023
Exports
$2.82kWorld Rnk 80 / 94
Flag Rnk 877 / 991
2023
PRODUCT COMPLEXITY IN Borates
-0.21Rnk 617 / 1025
2023
Imports
$1.43MWorld Rnk 53 / 178
Flag Rnk 720 / 1168
2023
ECONOMIC COMPLEXITY of Kuwait
0.21Rnk 53 / 132

About

Exports In 2023, Kuwait exported $2.82k in Borates, making it the 80th largest exporter of Borates in the world. At the same year, Borates was the 877th most exported product in Kuwait. The main destination of Borates exports from Kuwait are: Saudi Arabia ($2.82k).

The fastest growing export markets for Borates of Kuwait between 2022 and 2023 were Saudi Arabia ($1.02k).

Imports In 2023, Kuwait imported $1.43M in Borates, becoming the 53rd largest importer of Borates in the world. At the same year, Borates was the 720th most imported product in Kuwait. Kuwait imports Borates primarily from: Turkey ($1.39M), China ($25.3k), Saudi Arabia ($3.52k), United Arab Emirates ($2.15k), and India ($835).

The fastest growing import markets in Borates for Kuwait between 2022 and 2023 were Turkey ($342k), Belgium ($791), and India ($396).

Latest Trends

Jan 2025

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 Borates. 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)$2.82k
IMPORTS (2023)$1.43M
NET TRADE (2023)-$1.42M

In 2023, Kuwait exported $2.82k in Borates. The main destinations of Kuwait exports on Borates were Saudi Arabia ($2.82k).

In 2023, Kuwait imported $1.43M in Borates, mainly from Turkey ($1.39M), China ($25.3k), Saudi Arabia ($3.52k), United Arab Emirates ($2.15k), and India ($835).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Borates EXPORT MARKETS FOR Kuwait WERE (2022 - 2023):Saudi Arabia$1.02k (56.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Borates BY Kuwait WERE (2022 - 2023):Qatar-$2.48k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Borates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSaudi Arabia+ $3.2k
TOP IMPORT POTENTIALChina+ $61.3k

Borates’s highest export potential is Saudi Arabia. With an export gap of $3.2k.   Borates’s highest import potential is China with an import gap of $61.3k.

See methodology.

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