2022
Exports
$15.7MWorld Rnk 52 / 141
Flag Rnk 96 / 947
2022
PRODUCT COMPLEXITY IN Inedible Fats and Oils
-0.34Rnk 660 / 1025
2022
Imports
$1.24MWorld Rnk 70 / 186
Flag Rnk 821 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $15.7M in Inedible Fats and Oils, making it the 52nd largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 96th most exported product in Kuwait. The main destination of Inedible Fats and Oils exports from Kuwait are: Netherlands ($7.6M), Portugal ($2.63M), United Arab Emirates ($1.89M), Spain ($1.53M), and United Kingdom ($1.34M).

The fastest growing export markets for Inedible Fats and Oils of Kuwait between 2021 and 2022 were Netherlands ($3.7M), United Arab Emirates ($1.45M), and Portugal ($1.08M).

Imports In 2022, Kuwait imported $1.24M in Inedible Fats and Oils, becoming the 70th largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 821st most imported product in Kuwait. Kuwait imports Inedible Fats and Oils primarily from: Malaysia ($506k), Belgium ($188k), Chinese Taipei ($144k), Netherlands ($131k), and China ($102k).

The fastest growing import markets in Inedible Fats and Oils for Kuwait between 2021 and 2022 were Malaysia ($506k), Belgium ($157k), and United Arab Emirates ($93.2k).

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 Inedible Fats and Oils. 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)$15.7M
IMPORTS (2022)$1.24M
NET TRADE (2022)$14.4M

In 2022, Kuwait exported $15.7M in Inedible Fats and Oils. The main destinations of Kuwait exports on Inedible Fats and Oils were Netherlands ($7.6M), Portugal ($2.63M), United Arab Emirates ($1.89M), Spain ($1.53M), and United Kingdom ($1.34M).

In 2022, Kuwait imported $1.24M in Inedible Fats and Oils, mainly from Malaysia ($506k), Belgium ($188k), Chinese Taipei ($144k), Netherlands ($131k), and China ($102k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Netherlands$3.7M (95.1%)
Portugal$1.08M (69.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY Kuwait WERE (2021 - 2022):
United Kingdom-$696k (-34.2%)
Spain-$212k (-12.2%)
Czechia-$66.5k (-18.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Inedible Fats and Oils were:
In 2022, Kuwait's main importing competitors in Inedible Fats and Oils were:

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Trade Value of Inedible Fats and Oils by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSpain+ $700k
TOP IMPORT POTENTIALChina+ $176k

Inedible Fats and Oils’s highest export potential is Spain. With an export gap of $700k.   Inedible Fats and Oils’s highest import potential is China with an import gap of $176k.

See methodology.

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