2023
Exports
$372kWorld Rnk 77 / 142
Flag Rnk 367 / 991
2023
PRODUCT COMPLEXITY IN Synthetic Rubber
0.45Rnk 383 / 1025
2023
Imports
$6.67MWorld Rnk 80 / 205
Flag Rnk 453 / 1168
2023
ECONOMIC COMPLEXITY of Kuwait
0.21Rnk 53 / 132

About

Exports In 2023, Kuwait exported $372k in Synthetic Rubber, making it the 77th largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 367th most exported product in Kuwait. The main destination of Synthetic Rubber exports from Kuwait are: Iraq ($249k), Bahrain ($68.1k), Saudi Arabia ($36k), United Arab Emirates ($10.7k), and Indonesia ($6k).

The fastest growing export markets for Synthetic Rubber of Kuwait between 2022 and 2023 were Iraq ($90.4k), Bahrain ($68.1k), and United Arab Emirates ($10.3k).

Imports In 2023, Kuwait imported $6.67M in Synthetic Rubber, becoming the 80th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 453rd most imported product in Kuwait. Kuwait imports Synthetic Rubber primarily from: India ($2.19M), Germany ($1.46M), United Arab Emirates ($989k), China ($617k), and Japan ($350k).

The fastest growing import markets in Synthetic Rubber for Kuwait between 2022 and 2023 were India ($1.23M), United Arab Emirates ($440k), and South Korea ($56.3k).

Latest Trends

Jan 2025

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 Synthetic Rubber. 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)$372k
IMPORTS (2023)$6.67M
NET TRADE (2023)-$6.3M

In 2023, Kuwait exported $372k in Synthetic Rubber. The main destinations of Kuwait exports on Synthetic Rubber were Iraq ($249k), Bahrain ($68.1k), Saudi Arabia ($36k), United Arab Emirates ($10.7k), and Indonesia ($6k).

In 2023, Kuwait imported $6.67M in Synthetic Rubber, mainly from India ($2.19M), Germany ($1.46M), United Arab Emirates ($989k), China ($617k), and Japan ($350k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR Kuwait WERE (2022 - 2023):
Iraq$90.4k (57.1%)
Bahrain$68.1k (1%)
United Arab Emirates$10.3k (3.08k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Rubber BY Kuwait WERE (2022 - 2023):
Germany-$15.8k (-100%)
Indonesia-$8.12k (-57.5%)
Saudi Arabia-$4.81k (-11.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Kuwait's main exporting competitors in Synthetic Rubber were:
In 2023, Kuwait's main importing competitors in Synthetic Rubber were:

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Trade Value of Synthetic Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSaudi Arabia+ $97.5k
TOP IMPORT POTENTIALSaudi Arabia+ $1.52M

Synthetic Rubber’s highest export potential is Saudi Arabia. With an export gap of $97.5k.   Synthetic Rubber’s highest import potential is Saudi Arabia with an import gap of $1.52M.

See methodology.

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