2022
Exports
$6.54kWorld Rnk 117 / 167
Flag Rnk 838 / 947
2022
PRODUCT COMPLEXITY IN Electric Musical Instruments
0.55Rnk 344 / 1025
2022
Imports
$1.76MWorld Rnk 72 / 210
Flag Rnk 769 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $6.54k in Electric Musical Instruments, making it the 117th largest exporter of Electric Musical Instruments in the world. At the same year, Electric Musical Instruments was the 838th most exported product in Kuwait. The main destination of Electric Musical Instruments exports from Kuwait are: Germany ($2.48k), Iraq ($1.07k), Oman ($1.07k), Saudi Arabia ($1.07k), and Qatar ($643).

The fastest growing export markets for Electric Musical Instruments of Kuwait between 2021 and 2022 were Germany ($2.48k), Iraq ($1.07k), and Oman ($1.07k).

Imports In 2022, Kuwait imported $1.76M in Electric Musical Instruments, becoming the 72nd largest importer of Electric Musical Instruments in the world. At the same year, Electric Musical Instruments was the 769th most imported product in Kuwait. Kuwait imports Electric Musical Instruments primarily from: China ($816k), Indonesia ($249k), India ($158k), United States ($145k), and United Arab Emirates ($125k).

The fastest growing import markets in Electric Musical Instruments for Kuwait between 2021 and 2022 were China ($322k), India ($141k), and United States ($121k).

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 Electric Musical Instruments. 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)$6.54k
IMPORTS (2022)$1.76M
NET TRADE (2022)-$1.76M

In 2022, Kuwait exported $6.54k in Electric Musical Instruments. The main destinations of Kuwait exports on Electric Musical Instruments were Germany ($2.48k), Iraq ($1.07k), Oman ($1.07k), Saudi Arabia ($1.07k), and Qatar ($643).

In 2022, Kuwait imported $1.76M in Electric Musical Instruments, mainly from China ($816k), Indonesia ($249k), India ($158k), United States ($145k), and United Arab Emirates ($125k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Musical Instruments EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Germany$2.48k (1%)
Iraq$1.07k (1%)
Oman$1.07k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Musical Instruments BY Kuwait WERE (2021 - 2022):
Saudi Arabia-$51.2k (-98%)
United Arab Emirates-$4.93k (-100%)
South Korea-$500 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Electric Musical Instruments were:
In 2022, Kuwait's main importing competitors in Electric Musical Instruments were:

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Trade Value of Electric Musical Instruments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $3.93k
TOP IMPORT POTENTIALChina+ $275k

Electric Musical Instruments’s highest export potential is Germany. With an export gap of $3.93k.   Electric Musical Instruments’s highest import potential is China with an import gap of $275k.

See methodology.

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