2022
Exports
$291MWorld Rnk 94 / 220
Flag Rnk 12 / 96
2022
PRODUCT COMPLEXITY IN Precious stones, metals, & pearls
0.58Rnk 328 / 1025
2022
Imports
$6.29BWorld Rnk 22 / 225
Flag Rnk 2 / 96
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $291M in Precious stones, metals, & pearls, making it the 94th largest exporter of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 12th most exported product in Kuwait. The main destination of Precious stones, metals, & pearls exports from Kuwait are: United Arab Emirates ($114M), India ($97.6M), Lebanon ($37M), Qatar ($12.5M), and Switzerland ($8.45M).

The fastest growing export markets for Precious stones, metals, & pearls of Kuwait between 2021 and 2022 were India ($96.7M), United Arab Emirates ($77.7M), and Lebanon ($32M).

Imports In 2022, Kuwait imported $6.29B in Precious stones, metals, & pearls, becoming the 22nd largest importer of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 2nd most imported product in Kuwait. Kuwait imports Precious stones, metals, & pearls primarily from: United Arab Emirates ($5.07B), Switzerland ($655M), India ($163M), Hong Kong ($73.3M), and France ($51.7M).

The fastest growing import markets in Precious stones, metals, & pearls for Kuwait between 2021 and 2022 were United Arab Emirates ($3.36B), Switzerland ($486M), and India ($87.1M).

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 Precious stones, metals, & pearls. 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)$291M
IMPORTS (2022)$6.29B
NET TRADE (2022)-$5.99B

In 2022, Kuwait exported $291M in Precious stones, metals, & pearls. The main destinations of Kuwait exports on Precious stones, metals, & pearls were United Arab Emirates ($114M), India ($97.6M), Lebanon ($37M), Qatar ($12.5M), and Switzerland ($8.45M).

In 2022, Kuwait imported $6.29B in Precious stones, metals, & pearls, mainly from United Arab Emirates ($5.07B), Switzerland ($655M), India ($163M), Hong Kong ($73.3M), and France ($51.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious stones, metals, & pearls EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
India$96.7M (10.1k%)
Lebanon$32M (635%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious stones, metals, & pearls BY Kuwait WERE (2021 - 2022):
France-$1.42M (-32.4%)
Ireland-$700k (-80.2%)
Switzerland-$528k (-5.89%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Precious stones, metals, & pearls were:
In 2022, Kuwait's main importing competitors in Precious stones, metals, & pearls were:

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Trade Value of Precious stones, metals, & pearls by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Arab Emirates+ $14.4M
TOP IMPORT POTENTIALIndia+ $49.9M

Precious stones, metals, & pearls’s highest export potential is United Arab Emirates. With an export gap of $14.4M.   Precious stones, metals, & pearls’s highest import potential is India with an import gap of $49.9M.

See methodology.

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