2022
Exports
$158World Rnk 154 / 162
Flag Rnk 934 / 947
falsefalse Thailand
2022
PRODUCT COMPLEXITY IN Precious Stones
-1.14Rnk 866 / 1025
2022
Imports
$3.44MWorld Rnk 46 / 185
Flag Rnk 658 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $158 in Precious Stones, making it the 154th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 934th most exported product in Kuwait. The main destination of Precious Stones exports from Kuwait are: Thailand ($158).

Imports In 2022, Kuwait imported $3.44M in Precious Stones, becoming the 46th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 658th most imported product in Kuwait. Kuwait imports Precious Stones primarily from: Lithuania ($1.61M), Switzerland ($445k), China ($409k), United States ($331k), and India ($186k).

The fastest growing import markets in Precious Stones for Kuwait between 2021 and 2022 were Lithuania ($1.61M), Switzerland ($439k), and China ($404k).

Latest Trends

Aug 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. 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)$158
IMPORTS (2022)$3.44M
NET TRADE (2022)-$3.44M

In 2022, Kuwait exported $158 in Precious Stones. The main destinations of Kuwait exports on Precious Stones were Thailand ($158).

In 2022, Kuwait imported $3.44M in Precious Stones, mainly from Lithuania ($1.61M), Switzerland ($445k), China ($409k), United States ($331k), and India ($186k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Kuwait WERE (2021 - 2022):
Jordan-$17.3k (-100%)
Turkey-$9.49k (-100%)
Australia-$2.53k (-100%)

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 were:
In 2022, Kuwait's main importing competitors in Precious Stones were:

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $731
TOP IMPORT POTENTIALIndia+ $226k

Precious Stones’s highest export potential is China. With an export gap of $731.   Precious Stones’s highest import potential is India with an import gap of $226k.

See methodology.

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