2023
Exports
$1.52MWorld Rnk 77 / 212
Flag Rnk 200 / 991
2023
PRODUCT COMPLEXITY IN Interchangeable Tool Parts
1.77Rnk 16 / 1025
2023
Imports
$51MWorld Rnk 56 / 223
Flag Rnk 151 / 1168
2023
ECONOMIC COMPLEXITY of Kuwait
0.21Rnk 53 / 132

About

Exports In 2023, Kuwait exported $1.52M in Interchangeable Tool Parts, making it the 77th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 200th most exported product in Kuwait. The main destination of Interchangeable Tool Parts exports from Kuwait are: Oman ($370k), United Arab Emirates ($212k), Saudi Arabia ($166k), Italy ($156k), and United States ($138k).

The fastest growing export markets for Interchangeable Tool Parts of Kuwait between 2022 and 2023 were Oman ($290k), United Kingdom ($76.4k), and Italy ($75.4k).

Imports In 2023, Kuwait imported $51M in Interchangeable Tool Parts, becoming the 56th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 151st most imported product in Kuwait. Kuwait imports Interchangeable Tool Parts primarily from: United States ($20.5M), Saudi Arabia ($8.91M), Italy ($7.16M), China ($5.94M), and United Arab Emirates ($2.23M).

The fastest growing import markets in Interchangeable Tool Parts for Kuwait between 2022 and 2023 were China ($1.39M), United Arab Emirates ($1.01M), and Germany ($483k).

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 Interchangeable Tool Parts. 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)$1.52M
IMPORTS (2023)$51M
NET TRADE (2023)-$49.5M

In 2023, Kuwait exported $1.52M in Interchangeable Tool Parts. The main destinations of Kuwait exports on Interchangeable Tool Parts were Oman ($370k), United Arab Emirates ($212k), Saudi Arabia ($166k), Italy ($156k), and United States ($138k).

In 2023, Kuwait imported $51M in Interchangeable Tool Parts, mainly from United States ($20.5M), Saudi Arabia ($8.91M), Italy ($7.16M), China ($5.94M), and United Arab Emirates ($2.23M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Kuwait WERE (2022 - 2023):
Oman$290k (363%)
United Kingdom$76.4k (15.5k%)
Italy$75.4k (93%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Kuwait WERE (2022 - 2023):
Saudi Arabia-$142k (-46.1%)
Brazil-$123k (-100%)
Qatar-$119k (-56.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Kuwait's main exporting competitors in Interchangeable Tool Parts were:
In 2023, Kuwait's main importing competitors in Interchangeable Tool Parts were:

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSaudi Arabia+ $625k
TOP IMPORT POTENTIALChina+ $4.28M

Interchangeable Tool Parts’s highest export potential is Saudi Arabia. With an export gap of $625k.   Interchangeable Tool Parts’s highest import potential is China with an import gap of $4.28M.

See methodology.

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