2022
Exports
$3.51BWorld Rnk 27 / 160
Flag Rnk 3 / 947
2022
PRODUCT COMPLEXITY IN Petroleum Gas
-1.98Rnk 1000 / 1025
2022
Imports
$1.04BWorld Rnk 50 / 222
Flag Rnk 6 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $3.51B in Petroleum Gas, making it the 27th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 3rd most exported product in Kuwait. The main destination of Petroleum Gas exports from Kuwait are: India ($2.2B), China ($536M), Japan ($328M), Vietnam ($139M), and Philippines ($88.9M).

The fastest growing export markets for Petroleum Gas of Kuwait between 2021 and 2022 were India ($833M), Japan ($60.1M), and Thailand ($56.6M).

Imports In 2022, Kuwait imported $1.04B in Petroleum Gas, becoming the 50th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 6th most imported product in Kuwait. Kuwait imports Petroleum Gas primarily from: Nigeria ($477M), United States ($463M), Egypt ($96.5M), South Korea ($1.25M), and United Arab Emirates ($409k).

The fastest growing import markets in Petroleum Gas for Kuwait between 2021 and 2022 were Nigeria ($255M), United States ($139M), and Egypt ($58.2M).

Latest Trends

Sep 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 Petroleum Gas. 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)$3.51B
IMPORTS (2022)$1.04B
NET TRADE (2022)$2.48B

In 2022, Kuwait exported $3.51B in Petroleum Gas. The main destinations of Kuwait exports on Petroleum Gas were India ($2.2B), China ($536M), Japan ($328M), Vietnam ($139M), and Philippines ($88.9M).

In 2022, Kuwait imported $1.04B in Petroleum Gas, mainly from Nigeria ($477M), United States ($463M), Egypt ($96.5M), South Korea ($1.25M), and United Arab Emirates ($409k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
India$833M (61.1%)
Japan$60.1M (22.4%)
Thailand$56.6M (240%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Kuwait WERE (2021 - 2022):
China-$301M (-35.9%)
Indonesia-$44M (-62.6%)
Saudi Arabia-$25.9M (-96.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Petroleum Gas were:
In 2022, Kuwait's main importing competitors in Petroleum Gas were:
China $72.7B
Italy $67.6B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $827M
TOP IMPORT POTENTIALEgypt+ $29.2M

Petroleum Gas’s highest export potential is China. With an export gap of $827M.   Petroleum Gas’s highest import potential is Egypt with an import gap of $29.2M.

See methodology.

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