2022
Exports
$597MWorld Rnk 64 / 226
Flag Rnk 5 / 96
2022
PRODUCT COMPLEXITY IN Machinery, mechanical appliances, & parts
2.21Rnk 2 / 1025
2022
Imports
$5.75BWorld Rnk 56 / 226
Flag Rnk 3 / 96
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $597M in Machinery, mechanical appliances, & parts, making it the 64th largest exporter of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 5th most exported product in Kuwait. The main destination of Machinery, mechanical appliances, & parts exports from Kuwait are: Saudi Arabia ($161M), United Arab Emirates ($158M), Qatar ($45.6M), Egypt ($28.4M), and Singapore ($21.9M).

The fastest growing export markets for Machinery, mechanical appliances, & parts of Kuwait between 2021 and 2022 were Saudi Arabia ($116M), United Arab Emirates ($98.8M), and Qatar ($26.6M).

Imports In 2022, Kuwait imported $5.75B in Machinery, mechanical appliances, & parts, becoming the 56th largest importer of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 3rd most imported product in Kuwait. Kuwait imports Machinery, mechanical appliances, & parts primarily from: China ($1.33B), United Arab Emirates ($1.14B), United States ($450M), Hungary ($270M), and Germany ($214M).

The fastest growing import markets in Machinery, mechanical appliances, & parts for Kuwait between 2021 and 2022 were United Arab Emirates ($763M), China ($685M), and Hungary ($258M).

Latest Trends

Oct 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 Machinery, mechanical appliances, & 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 (2022)$597M
IMPORTS (2022)$5.75B
NET TRADE (2022)-$5.15B

In 2022, Kuwait exported $597M in Machinery, mechanical appliances, & parts. The main destinations of Kuwait exports on Machinery, mechanical appliances, & parts were Saudi Arabia ($161M), United Arab Emirates ($158M), Qatar ($45.6M), Egypt ($28.4M), and Singapore ($21.9M).

In 2022, Kuwait imported $5.75B in Machinery, mechanical appliances, & parts, mainly from China ($1.33B), United Arab Emirates ($1.14B), United States ($450M), Hungary ($270M), and Germany ($214M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery, mechanical appliances, & parts EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Saudi Arabia$116M (259%)
Qatar$26.6M (140%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery, mechanical appliances, & parts BY Kuwait WERE (2021 - 2022):
Spain-$18.2M (-54.3%)
Hong Kong-$5.38M (-44.5%)
Singapore-$2.68M (-10.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Machinery, mechanical appliances, & parts were:
In 2022, Kuwait's main importing competitors in Machinery, mechanical appliances, & parts were:

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Trade Value of Machinery, mechanical appliances, & parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSaudi Arabia+ $36.3M
TOP IMPORT POTENTIALChina+ $247M

Machinery, mechanical appliances, & parts’s highest export potential is Saudi Arabia. With an export gap of $36.3M.   Machinery, mechanical appliances, & parts’s highest import potential is China with an import gap of $247M.

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