2018
Exports
$59.4MWorld Rnk 62 / 226
Flag Rnk 46 / 947
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2018
Imports
$406MWorld Rnk 60 / 225
Flag Rnk 29 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2018, Kuwait exported $59.4M in Motor vehicles; parts and accessories (8701 to 8705), making it the 62nd largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 46th most exported product in Kuwait. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Kuwait are: United Arab Emirates ($18.8M), Egypt ($10.3M), Qatar ($5.57M), Iraq ($3.55M), and Iran ($3.24M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Kuwait between 2021 and 2022 were United Arab Emirates ($15.2M), Egypt ($5.96M), and Iran ($2.58M).

Imports In 2022, Kuwait imported $406M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 60th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 29th most imported product in Kuwait. Kuwait imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: China ($77.7M), Japan ($58.3M), United States ($40.5M), United Arab Emirates ($39.3M), and Mexico ($38.9M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Kuwait between 2021 and 2022 were China ($49.4M), Mexico ($29.9M), and Japan ($22.1M).

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 Motor vehicles; parts and accessories (8701 to 8705). 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)$59.4M
IMPORTS (2022)$406M
NET TRADE (2022)-$347M

In 2022, Kuwait exported $59.4M in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Kuwait exports on Motor vehicles; parts and accessories (8701 to 8705) were United Arab Emirates ($18.8M), Egypt ($10.3M), Qatar ($5.57M), Iraq ($3.55M), and Iran ($3.24M).

In 2022, Kuwait imported $406M in Motor vehicles; parts and accessories (8701 to 8705), mainly from China ($77.7M), Japan ($58.3M), United States ($40.5M), United Arab Emirates ($39.3M), and Mexico ($38.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Egypt$5.96M (137%)
Iran$2.58M (391%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Kuwait WERE (2021 - 2022):
Singapore-$5.02M (-72%)
Slovakia-$147k (-100%)
Lebanon-$132k (-60.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Kuwait's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $5.01M
TOP IMPORT POTENTIALChina+ $31.4M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is China. With an export gap of $5.01M.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $31.4M.

See methodology.

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