2023
Exports
$157MWorld Rnk 94 / 167
Flag Rnk 14 / 991
2023
PRODUCT COMPLEXITY IN Gold
-2.5Rnk 1019 / 1025
2023
Imports
$845MWorld Rnk 29 / 174
Flag Rnk 6 / 1168
2023
ECONOMIC COMPLEXITY of Kuwait
0.21Rnk 53 / 132

About

Exports In 2023, Kuwait exported $157M in Gold, making it the 94th largest exporter of Gold in the world. At the same year, Gold was the 14th most exported product in Kuwait. The main destination of Gold exports from Kuwait are: United Arab Emirates ($145M), Egypt ($8.56M), Bangladesh ($2.14M), Iran ($382k), and Lebanon ($244k).

The fastest growing export markets for Gold of Kuwait between 2022 and 2023 were United Arab Emirates ($121M), Egypt ($8.56M), and Bangladesh ($2.14M).

Imports In 2023, Kuwait imported $845M in Gold, becoming the 29th largest importer of Gold in the world. At the same year, Gold was the 6th most imported product in Kuwait. Kuwait imports Gold primarily from: United Arab Emirates ($529M), Switzerland ($301M), Turkey ($13.4M), United States ($965k), and Hong Kong ($487k).

The fastest growing import markets in Gold for Kuwait between 2022 and 2023 were Switzerland ($117M), Hong Kong ($477k), and Uganda ($135k).

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 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 (2023)$157M
IMPORTS (2023)$845M
NET TRADE (2023)-$688M

In 2023, Kuwait exported $157M in Gold. The main destinations of Kuwait exports on Gold were United Arab Emirates ($145M), Egypt ($8.56M), Bangladesh ($2.14M), Iran ($382k), and Lebanon ($244k).

In 2023, Kuwait imported $845M in Gold, mainly from United Arab Emirates ($529M), Switzerland ($301M), Turkey ($13.4M), United States ($965k), and Hong Kong ($487k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Kuwait WERE (2022 - 2023):
Egypt$8.56M (1%)
Bangladesh$2.14M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Kuwait WERE (2022 - 2023):
Nepal-$2.91M (-100%)
Turkey-$1.72M (-90%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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