2022
Exports
$23.5MWorld Rnk 34 / 195
Flag Rnk 82 / 947
2022
PRODUCT COMPLEXITY IN Lubricating Products
1.61Rnk 36 / 1025
2022
Imports
$15.4MWorld Rnk 74 / 224
Flag Rnk 413 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $23.5M in Lubricating Products, making it the 34th largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 82nd most exported product in Kuwait. The main destination of Lubricating Products exports from Kuwait are: United Arab Emirates ($13.6M), India ($8.86M), Qatar ($357k), Bahrain ($266k), and Netherlands ($189k).

The fastest growing export markets for Lubricating Products of Kuwait between 2021 and 2022 were United Arab Emirates ($12.8M), India ($7.14M), and Qatar ($280k).

Imports In 2022, Kuwait imported $15.4M in Lubricating Products, becoming the 74th largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 413th most imported product in Kuwait. Kuwait imports Lubricating Products primarily from: United States ($3.76M), United Kingdom ($1.65M), United Arab Emirates ($1.4M), Saudi Arabia ($1.32M), and France ($1.11M).

The fastest growing import markets in Lubricating Products for Kuwait between 2021 and 2022 were United States ($2.69M), France ($949k), and United Arab Emirates ($550k).

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 Lubricating Products. 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)$23.5M
IMPORTS (2022)$15.4M
NET TRADE (2022)$8.13M

In 2022, Kuwait exported $23.5M in Lubricating Products. The main destinations of Kuwait exports on Lubricating Products were United Arab Emirates ($13.6M), India ($8.86M), Qatar ($357k), Bahrain ($266k), and Netherlands ($189k).

In 2022, Kuwait imported $15.4M in Lubricating Products, mainly from United States ($3.76M), United Kingdom ($1.65M), United Arab Emirates ($1.4M), Saudi Arabia ($1.32M), and France ($1.11M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
United Arab Emirates$12.8M (1.66k%)
India$7.14M (415%)
Qatar$280k (366%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY Kuwait WERE (2021 - 2022):
Saudi Arabia-$63.5k (-97.9%)
Nepal-$59.7k (-100%)
Iran-$47.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Lubricating Products were:
In 2022, Kuwait's main importing competitors in Lubricating Products were:
China $1.71B

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Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

Flow
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N/AN/AN/A
TOP IMPORT POTENTIALGermany+ $759k

Lubricating Products’s highest export potential is N/A. With an export gap of N/A.   Lubricating Products’s highest import potential is Germany with an import gap of $759k.

See methodology.

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