Kuwait recorded a trade surplus of 3138.60 KWD Million in the third quarter of 2018. Balance of Trade in Kuwait averaged 2127.61 KWD Million from 1993 until 2018, reaching an all time high of 7065.90 KWD Million in the first quarter of 2012 and a record low of 25.30 KWD Million in the second quarter of 1998.

Balance of Trade in Kuwait is expected to be 2574.00 KWD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Kuwait to stand at 2512.00 in 12 months time. In the long-term, the Kuwait Balance of Trade is projected to trend around 2312.00 KWD Million in 2020, according to our econometric models.

Kuwait Balance of Trade
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Kuwait Trade Last Previous Highest Lowest Unit
Balance of Trade 3138.60 2645.00 7065.90 25.30 KWD Million [+]
Current Account 2155.00 2648.00 18142.00 -908.00 KWD Million [+]
Current Account to GDP 5.90 -4.60 54.57 -242.19 percent [+]
Imports 2807.00 2712.00 2807.00 440.00 KWD Million [+]
Exports 5945.60 5358.00 8855.40 647.50 KWD Million [+]
Capital Flows -6649.00 -1645.00 21172.00 -22337.00 KWD Million [+]
Remittances 1057.00 1186.00 1326.00 943.00 KWD Million [+]
Tourist Arrivals 7055.00 6941.00 8599.00 3899.00 Thousand [+]
Gold Reserves 79.00 79.00 80.51 78.72 Tonnes [+]
Crude Oil Production 2802.00 2730.00 3768.00 0.00 BBL/D/1K [+]
Terrorism Index 3.80 4.45 4.45 0.00 [+]
Tourism Revenues 643.00 831.00 931.00 286.00 USD Million [+]
Foreign Direct Investment -21.00 18.00 721.00 -21.00 KWD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Kuwait Balance of Trade

Kuwait has been recording trade surpluses since 1993 due to shipments of oil (95 percent of total exports). Main imports are: machinery, mechanical appliances, electrical equipment and electronics; transport equipment and base metals and articles thereof. Main trading partners are: China (10 percent of total exports and 10 percent of imports), South Korea (18 percent of exports and 7 percent of imports) and United States (8 percent of exports and 12 percent of imports). Others include: India, Japan and Saudi Arabia. This page provides - Kuwait Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kuwait Balance of Trade - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3138.60 2645.00 7065.90 25.30 1993 - 2018 KWD Million Quarterly




Country Last Previous
Argentina 1369.00 Dec/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3843.00 Nov/18
Japan -55.29 Dec/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 18984.00 Nov/18
Saudi Arabia 184673.00 Sep/18
Singapore 1943.12 Dec/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -2568800.00 Nov/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18


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