2023
Exports
$1.47MWorld Rnk 42 / 187
Flag Rnk 205 / 991
2023
PRODUCT COMPLEXITY IN Tool Sets
1.14Rnk 126 / 1025
2023
Imports
$1.46MWorld Rnk 89 / 219
Flag Rnk 715 / 1168
2023
ECONOMIC COMPLEXITY of Kuwait
0.21Rnk 53 / 132

About

Exports In 2023, Kuwait exported $1.47M in Tool Sets, making it the 42nd largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 205th most exported product in Kuwait. The main destination of Tool Sets exports from Kuwait are: United Arab Emirates ($1.4M), Saudi Arabia ($57.8k), Turkey ($4.48k), Spain ($4.27k), and Malaysia ($2.7k).

The fastest growing export markets for Tool Sets of Kuwait between 2022 and 2023 were United Arab Emirates ($1.18M), Saudi Arabia ($56.4k), and Turkey ($4.44k).

Imports In 2023, Kuwait imported $1.46M in Tool Sets, becoming the 89th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 715th most imported product in Kuwait. Kuwait imports Tool Sets primarily from: China ($467k), United Arab Emirates ($278k), United States ($271k), Poland ($99.3k), and Chinese Taipei ($65.3k).

The fastest growing import markets in Tool Sets for Kuwait between 2022 and 2023 were United Arab Emirates ($276k), United States ($135k), and Poland ($95.3k).

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 Tool Sets. 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)$1.47M
IMPORTS (2023)$1.46M
NET TRADE (2023)$15.5k

In 2023, Kuwait exported $1.47M in Tool Sets. The main destinations of Kuwait exports on Tool Sets were United Arab Emirates ($1.4M), Saudi Arabia ($57.8k), Turkey ($4.48k), Spain ($4.27k), and Malaysia ($2.7k).

In 2023, Kuwait imported $1.46M in Tool Sets, mainly from China ($467k), United Arab Emirates ($278k), United States ($271k), Poland ($99.3k), and Chinese Taipei ($65.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Kuwait WERE (2022 - 2023):
Saudi Arabia$56.4k (4.11k%)
Turkey$4.44k (9.86k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Kuwait WERE (2022 - 2023):
Pakistan-$115k (-100%)
Bahrain-$7.31k (-100%)
Germany-$1.99k (-76.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Kuwait's main exporting competitors in Tool Sets were:
In 2023, Kuwait's main importing competitors in Tool Sets were:

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $20.6k
TOP IMPORT POTENTIALChina+ $210k

Tool Sets’s highest export potential is Germany. With an export gap of $20.6k.   Tool Sets’s highest import potential is China with an import gap of $210k.

See methodology.

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