2023
Exports
$7.35MWorld Rnk 73 / 223
Flag Rnk 88 / 991
2023
PRODUCT COMPLEXITY IN Valves
1.34Rnk 71 / 1025
2023
Imports
$302MWorld Rnk 53 / 226
Flag Rnk 19 / 1168
2023
ECONOMIC COMPLEXITY of Kuwait
0.21Rnk 53 / 132

About

Exports In 2023, Kuwait exported $7.35M in Valves, making it the 73rd largest exporter of Valves in the world. At the same year, Valves was the 88th most exported product in Kuwait. The main destination of Valves exports from Kuwait are: United States ($2.08M), France ($1.96M), United Arab Emirates ($1.54M), Malaysia ($261k), and United Kingdom ($241k).

The fastest growing export markets for Valves of Kuwait between 2022 and 2023 were France ($1.67M), United States ($1.67M), and Malaysia ($217k).

Imports In 2023, Kuwait imported $302M in Valves, becoming the 53rd largest importer of Valves in the world. At the same year, Valves was the 19th most imported product in Kuwait. Kuwait imports Valves primarily from: China ($105M), United States ($28.1M), India ($26.4M), Germany ($21.4M), and Qatar ($17.4M).

The fastest growing import markets in Valves for Kuwait between 2022 and 2023 were China ($64.6M), India ($5.96M), and United Arab Emirates ($4.6M).

Latest Trends

Dec 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 Valves. 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)$7.35M
IMPORTS (2023)$302M
NET TRADE (2023)-$295M

In 2023, Kuwait exported $7.35M in Valves. The main destinations of Kuwait exports on Valves were United States ($2.08M), France ($1.96M), United Arab Emirates ($1.54M), Malaysia ($261k), and United Kingdom ($241k).

In 2023, Kuwait imported $302M in Valves, mainly from China ($105M), United States ($28.1M), India ($26.4M), Germany ($21.4M), and Qatar ($17.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Kuwait WERE (2022 - 2023):
France$1.67M (586%)
United States$1.67M (414%)
Malaysia$217k (487%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Kuwait WERE (2022 - 2023):
United Arab Emirates-$456k (-22.8%)
Iraq-$217k (-73.3%)
Saudi Arabia-$80.7k (-40.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSaudi Arabia+ $2.3M
TOP IMPORT POTENTIALChina+ $26.4M

Valves’s highest export potential is Saudi Arabia. With an export gap of $2.3M.   Valves’s highest import potential is China with an import gap of $26.4M.

See methodology.

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