2023
Exports
$9.93kWorld Rnk 75 / 96
Flag Rnk 773 / 991
2023
Imports
$653kWorld Rnk 65 / 180
Flag Rnk 822 / 1168
2023
ECONOMIC COMPLEXITY of Kuwait
0.21Rnk 53 / 132

About

Exports In 2023, Kuwait exported $9.93k in Nitric Acids, making it the 75th largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 773rd most exported product in Kuwait. The main destination of Nitric Acids exports from Kuwait are: Qatar ($9.93k).

The fastest growing export markets for Nitric Acids of Kuwait between N/A and 2023 were Qatar ($9.93k).

Imports In 2023, Kuwait imported $653k in Nitric Acids, becoming the 65th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 822nd most imported product in Kuwait. Kuwait imports Nitric Acids primarily from: India ($302k), South Korea ($118k), China ($117k), United Arab Emirates ($80.8k), and Saudi Arabia ($24.9k).

The fastest growing import markets in Nitric Acids for Kuwait between 2022 and 2023 were South Korea ($51.3k), Belgium ($7.81k), and India ($7.37k).

Latest Trends

Dec 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 Nitric Acids. 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)$9.93k
IMPORTS (2023)$653k
NET TRADE (2023)-$643k

In 2023, Kuwait exported $9.93k in Nitric Acids. The main destinations of Kuwait exports on Nitric Acids were Qatar ($9.93k).

In 2023, Kuwait imported $653k in Nitric Acids, mainly from India ($302k), South Korea ($118k), China ($117k), United Arab Emirates ($80.8k), and Saudi Arabia ($24.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR Kuwait WERE (N/A - 2023):Qatar$9.93k (1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Kuwait's main exporting competitors in Nitric Acids were:
In 2023, Kuwait's main importing competitors in Nitric Acids were:
Germany $50.8M
France $35.9M
Belgium $35.3M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $281
TOP IMPORT POTENTIALSouth Korea+ $30k

Nitric Acids’s highest export potential is Germany. With an export gap of $281.   Nitric Acids’s highest import potential is South Korea with an import gap of $30k.

See methodology.

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