Kuwait recorded a trade surplus of 2383.70 KWD Million in the first quarter of 2019. Balance of Trade in Kuwait averaged 2136.74 KWD Million from 1993 until 2019, 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 2538.90 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 2512.25 in 12 months time. In the long-term, the Kuwait Balance of Trade is projected to trend around 2312.11 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 2383.70 2789.60 7065.90 25.30 KWD Million [+]
Current Account 1998.00 1831.00 18142.00 -908.00 KWD Million [+]
Current Account to GDP 12.70 5.90 54.57 -242.19 percent [+]
Imports 2561.80 2621.70 2807.00 440.00 KWD Million [+]
Exports 4945.50 5411.30 8855.40 647.50 KWD Million [+]
Capital Flows -7389.00 5158.00 21172.00 -22337.00 KWD Million [+]
Remittances 948.00 1034.00 1326.00 943.00 KWD Million [+]
Tourist Arrivals 7055.00 6941.00 8599.00 3899.00 Thousand [+]
Gold Reserves 78.97 79.00 80.51 78.72 Tonnes [+]
Crude Oil Production 2650.00 2605.00 3768.00 0.00 BBL/D/1K [+]
Terrorism Index 3.13 3.80 4.45 0.00 [+]
Tourism Revenues 643.00 831.00 931.00 286.00 USD Million [+]
Foreign Direct Investment -23.00 -29.00 721.00 -29.00 KWD Million [+]


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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2383.70 2789.60 7065.90 25.30 1993 - 2019 KWD Million Quarterly




Country Last Previous
Argentina 1168.00 Aug/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 14702.40 Aug/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -10860.00 Sep/19
Indonesia -160.50 Sep/19
Italy 2585.00 Aug/19
Japan -122.98 Sep/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3833.90 Sep/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -2490000.00 Jul/19
Switzerland 2881.00 Sep/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19


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