2023
Exports
$44.6MWorld Rnk 87 / 225
Flag Rnk 24 / 96
2023
PRODUCT COMPLEXITY IN Pharmaceutical products
1.25Rnk 89 / 1025
2023
Imports
$1.72BWorld Rnk 54 / 226
Flag Rnk 6 / 96
2023
ECONOMIC COMPLEXITY of Kuwait
0.21Rnk 53 / 132

About

Exports In 2023, Kuwait exported $44.6M in Pharmaceutical products, making it the 87th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 24th most exported product in Kuwait. The main destination of Pharmaceutical products exports from Kuwait are: Saudi Arabia ($19.6M), United Arab Emirates ($15.8M), Qatar ($3.77M), Bahrain ($2.32M), and Oman ($1.82M).

The fastest growing export markets for Pharmaceutical products of Kuwait between 2022 and 2023 were Saudi Arabia ($12.7M), United Arab Emirates ($6.34M), and Bahrain ($1.29M).

Imports In 2023, Kuwait imported $1.72B in Pharmaceutical products, becoming the 54th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 6th most imported product in Kuwait. Kuwait imports Pharmaceutical products primarily from: United States ($292M), Germany ($199M), Switzerland ($194M), France ($148M), and United Arab Emirates ($146M).

The fastest growing import markets in Pharmaceutical products for Kuwait between 2022 and 2023 were United States ($55.3M), United Arab Emirates ($54.6M), and Switzerland ($51.8M).

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 Pharmaceutical 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 (2023)$44.6M
IMPORTS (2023)$1.72B
NET TRADE (2023)-$1.67B

In 2023, Kuwait exported $44.6M in Pharmaceutical products. The main destinations of Kuwait exports on Pharmaceutical products were Saudi Arabia ($19.6M), United Arab Emirates ($15.8M), Qatar ($3.77M), Bahrain ($2.32M), and Oman ($1.82M).

In 2023, Kuwait imported $1.72B in Pharmaceutical products, mainly from United States ($292M), Germany ($199M), Switzerland ($194M), France ($148M), and United Arab Emirates ($146M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Kuwait WERE (2022 - 2023):
Saudi Arabia$12.7M (182%)
United Arab Emirates$6.34M (67.1%)
Bahrain$1.29M (124%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Kuwait WERE (2022 - 2023):
Turkey-$378k (-72.1%)
United States-$63k (-100%)
Ghana-$39.4k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Kuwait's main exporting competitors in Pharmaceutical products were:
In 2023, Kuwait's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALTurkey+ $658k
TOP IMPORT POTENTIALGermany+ $82.6M

Pharmaceutical products’s highest export potential is Turkey. With an export gap of $658k.   Pharmaceutical products’s highest import potential is Germany with an import gap of $82.6M.

See methodology.

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