2022
Exports
$62.7MWorld Rnk 104 / 176
Flag Rnk 45 / 947
2022
PRODUCT COMPLEXITY IN Gold
-2.43Rnk 1016 / 1025
2022
Imports
$3.25BWorld Rnk 19 / 178
Flag Rnk 2 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $62.7M in Gold, making it the 104th largest exporter of Gold in the world. At the same year, Gold was the 45th most exported product in Kuwait. The main destination of Gold exports from Kuwait are: United Arab Emirates ($57.7M), Nepal ($2.91M), Turkey ($1.91M), Lebanon ($177k), and Jordan ($11.2k).

The fastest growing export markets for Gold of Kuwait between 2021 and 2022 were United Arab Emirates ($43.3M), Nepal ($2.78M), and Turkey ($1.91M).

Imports In 2022, Kuwait imported $3.25B in Gold, becoming the 19th largest importer of Gold in the world. At the same year, Gold was the 2nd most imported product in Kuwait. Kuwait imports Gold primarily from: United Arab Emirates ($2.63B), Switzerland ($599M), Turkey ($19.3M), United States ($5.72M), and Ghana ($1.87M).

The fastest growing import markets in Gold for Kuwait between 2021 and 2022 were United Arab Emirates ($1.73B), Switzerland ($461M), and United States ($4.42M).

Latest Trends

Aug 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 Gold. 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)$62.7M
IMPORTS (2022)$3.25B
NET TRADE (2022)-$3.19B

In 2022, Kuwait exported $62.7M in Gold. The main destinations of Kuwait exports on Gold were United Arab Emirates ($57.7M), Nepal ($2.91M), Turkey ($1.91M), Lebanon ($177k), and Jordan ($11.2k).

In 2022, Kuwait imported $3.25B in Gold, mainly from United Arab Emirates ($2.63B), Switzerland ($599M), Turkey ($19.3M), United States ($5.72M), and Ghana ($1.87M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Nepal$2.78M (2.11k%)
Turkey$1.91M (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $8.3M
TOP IMPORT POTENTIALUnited States+ $13.2M

Gold’s highest export potential is United Arab Emirates. With an export gap of $8.3M.   Gold’s highest import potential is United States with an import gap of $13.2M.

See methodology.

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