2022
Exports
$12kWorld Rnk 114 / 135
Flag Rnk 810 / 947
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2022
Imports
$43.5MWorld Rnk 58 / 215
Flag Rnk 251 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $12k in Soybean Oil, making it the 114th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 810th most exported product in Kuwait. The main destination of Soybean Oil exports from Kuwait are: Oman ($9.77k) and United Arab Emirates ($2.27k).

The fastest growing export markets for Soybean Oil of Kuwait between N/A and 2022 were Oman ($9.77k) and United Arab Emirates ($2.27k).

Imports In 2022, Kuwait imported $43.5M in Soybean Oil, becoming the 58th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 251st most imported product in Kuwait. Kuwait imports Soybean Oil primarily from: United Arab Emirates ($15.8M), Saudi Arabia ($12.7M), United States ($6.65M), Malaysia ($2.23M), and Russia ($2.15M).

The fastest growing import markets in Soybean Oil for Kuwait between 2021 and 2022 were Saudi Arabia ($11.8M), United Arab Emirates ($4.63M), and United States ($3.88M).

Latest Trends

Nov 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 Soybean Oil. 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)$12k
IMPORTS (2022)$43.5M
NET TRADE (2022)-$43.5M

In 2022, Kuwait exported $12k in Soybean Oil. The main destinations of Kuwait exports on Soybean Oil were Oman ($9.77k) and United Arab Emirates ($2.27k).

In 2022, Kuwait imported $43.5M in Soybean Oil, mainly from United Arab Emirates ($15.8M), Saudi Arabia ($12.7M), United States ($6.65M), Malaysia ($2.23M), and Russia ($2.15M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Kuwait WERE (N/A - 2022):
Oman$9.77k (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Soybean Oil were:
In 2022, Kuwait's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Arab Emirates+ $2.69k
TOP IMPORT POTENTIALRussia+ $513k

Soybean Oil’s highest export potential is United Arab Emirates. With an export gap of $2.69k.   Soybean Oil’s highest import potential is Russia with an import gap of $513k.

See methodology.

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