Kuwait Trade Balance

1993 - 2021 | Monthly | USD mn | CEIC Data

Key information about Kuwait's Trade Balance

  • Kuwait's Trade Balance recorded a surplus of 1.8 USD bn in Mar 2021, compared with a surplus of 2.1 USD bn in the previous month
  • Kuwait's Trade Balance data is updated monthly, available from Jan 1993 to Mar 2021, with an averaged value of 1.1 USD bn
  • The data reached an all-time high of 9.7 USD bn in Mar 2012 and a record low of -429.3 USD mn in Apr 2020
CEIC converts monthly Trade Balance into USD. The Central Statistical Bureau provides Trade Balance in local currency. The Central Bank of Kuwait average market exchange rate is used for currency conversions.

Further information about Kuwait's Trade Balance

  • In the latest reports, Kuwait's Total Exports reached 5.0 USD bn in Mar 2021, an increase of 27.7% YoY (year-on-year)
  • Total Imports recorded 3.2 USD bn in Mar 2021, an increase of 27.7% YoY (year-on-year)

View Kuwait's Trade Balance from Jan 1993 to Mar 2021 in the chart:

Kuwait Trade Balance

What was Kuwait's Trade Balance in Mar 2021?

Kuwait's Trade Balance recorded a surplus of 1.8 USD bn in Mar 2021, compared with a surplus of 2.1 USD bn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
1,817.0 Mar 2021 2,075.1 Feb 2021 -429.3 Apr 2020 9,690.7 Mar 2012 USD mn monthly Jan 1993 - Mar 2021

Trade Balance by Country Comparison

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Includes Trade Balance on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (USD mn) -352.0 Jul 2023 monthly Oct 1998 - Jul 2023
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) -494.2 Jul 2023 monthly Jan 1991 - Jul 2023
Armenia (USD mn) -345.2 Jul 2023 monthly Nov 1995 - Jul 2023
Australia (USD mn) 7,769.0 Jun 2023 monthly Jul 1971 - Jun 2023
Austria (USD mn) -720.0 May 2023 monthly Jan 1957 - May 2023
Azerbaijan (USD mn) 493.0 Jun 2023 monthly Jan 2000 - Jun 2023
Bahrain (USD mn) 8,242.9 2022 yearly 1966 - 2022
Bangladesh (USD mn) -1,308.0 Jun 2023 monthly Jul 1986 - Jun 2023
Belarus (USD mn) 14.9 Jun 2023 monthly Jan 2000 - Jun 2023
Belgium (USD mn) 1,354.3 Jun 2023 monthly Jan 1993 - Jun 2023
Bolivia (USD mn) -2.0 Jun 2023 monthly Oct 1994 - Jun 2023
Bosnia and Herzegovina (USD mn) -485.2 Mar 2023 monthly Jan 2000 - Mar 2023
Botswana (USD mn) 53.8 Mar 2023 monthly Jan 2001 - Mar 2023
Brazil (USD mn) 9,546.9 Aug 2023 monthly Jan 1959 - Aug 2023
Brunei (USD mn) 91.5 Apr 2023 monthly Jan 2010 - Apr 2023
Bulgaria (USD mn) -310.6 Jun 2023 monthly Jan 1995 - Jun 2023
Cambodia (USD mn) 63.1 Aug 2023 monthly Jun 2013 - Aug 2023
Canada (USD mn) -747.4 Jul 2023 monthly Jan 1988 - Jul 2023
Chile (USD mn) 586.0 Aug 2023 monthly Jan 1968 - Aug 2023
China (USD mn) 68,198.2 Aug 2023 monthly Jan 1992 - Aug 2023
Colombia (USD mn) -1,029.2 Jun 2023 monthly Jan 1958 - Jun 2023
Croatia (USD mn) -1,702.2 May 2023 monthly Jan 1993 - May 2023
Cyprus (USD mn) -718.7 Jun 2023 monthly Jan 1957 - Jun 2023
Czech Republic (USD mn) 682.1 Jul 2023 monthly Jan 1996 - Jul 2023
Denmark (USD mn) 1,151.1 Jun 2023 monthly Jan 1997 - Jun 2023
Ecuador (USD mn) 256.5 Jun 2023 monthly Mar 1992 - Jun 2023
Egypt (USD mn) -2,319.0 Jun 2023 monthly Jan 1957 - Jun 2023
Estonia (USD mn) -293.4 Jun 2023 monthly Jan 1993 - Jun 2023
European Union (USD mn) 13,885.2 Jun 2023 monthly Jan 2002 - Jun 2023
Finland (USD mn) -92.4 May 2023 monthly Jan 1992 - May 2023
France (USD mn) -8,952.1 Jul 2023 monthly Jan 2000 - Jul 2023
Georgia (USD mn) -657.0 Jul 2023 monthly Jan 1995 - Jul 2023
Germany (USD mn) 19,566.5 Jul 2023 monthly Jan 1957 - Jul 2023
Ghana (USD mn) 225.1 Apr 2023 monthly Mar 2005 - Apr 2023
Greece (USD mn) -2,716.6 Jul 2023 monthly Jan 2002 - Jul 2023
Hong Kong SAR, China (USD mn) -3,836.9 Jul 2023 monthly Jan 1957 - Jul 2023
Hungary (USD mn) 1,699.0 Jun 2023 monthly Jan 1976 - Jun 2023
Iceland (USD mn) -309.8 Jul 2023 monthly Jan 1957 - Jul 2023
India (USD mn) -20,670.0 Jul 2023 monthly Jan 1957 - Jul 2023
Indonesia (USD mn) 3,124.4 Aug 2023 monthly Jan 1967 - Aug 2023
Iran (USD mn) 22,668.0 2021 yearly 1948 - 2021
Ireland (USD mn) 7,244.8 Jun 2023 monthly Jan 1970 - Jun 2023
Israel (USD mn) -2,829.8 Jul 2023 monthly Jan 1988 - Jul 2023
Italy (USD mn) 5,721.4 Jun 2023 monthly Jan 1993 - Jun 2023
Ivory Coast (USD mn) 257.6 May 2023 monthly Jan 1981 - May 2023
Japan (USD mn) -3,953.5 Jul 2023 monthly Apr 1995 - Jul 2023
Jordan (USD mn) -689.6 Jun 2023 monthly Jan 1972 - Jun 2023
Kazakhstan (USD mn) 796.4 May 2023 monthly Sep 1995 - May 2023
Kenya (USD mn) -770.9 Jul 2023 monthly Oct 1992 - Jul 2023
South Korea (USD mn) 879.3 Aug 2023 monthly Jan 1966 - Aug 2023
Kosovo (USD mn) -417.6 Apr 2023 monthly Jan 2003 - Apr 2023
Kuwait (USD mn) 1,817.0 Mar 2021 monthly Jan 1993 - Mar 2021
Kyrgyzstan (USD mn) -770.4 Jun 2023 monthly Jan 2002 - Jun 2023
Laos (USD mn) 200.4 Jun 2023 quarterly Dec 1992 - Jun 2023
Latvia (USD mn) -469.7 Jul 2023 monthly Jan 1995 - Jul 2023
Lebanon (USD mn) -979.1 Dec 2022 monthly Jan 1993 - Dec 2022
Lithuania (USD mn) -638.0 Jul 2023 monthly Jan 1999 - Jul 2023
Luxembourg (USD mn) -673.7 Jun 2023 monthly Jan 1988 - Jun 2023
Macau SAR, China (USD mn) -1,271.7 Jul 2023 monthly Jan 1998 - Jul 2023
North Macedonia (USD mn) -222.8 Jul 2023 monthly Dec 1993 - Jul 2023
Malawi (USD mn) -42.8 Feb 2023 monthly Jan 1964 - Feb 2023
Malaysia (USD mn) 4,481.8 Jul 2023 monthly Jan 1990 - Jul 2023
Malta (USD mn) -310.1 Jun 2023 monthly Jan 1960 - Jun 2023
Mauritius (USD mn) -302.4 Jun 2023 monthly Jan 2006 - Jun 2023
Mexico (USD mn) 532.1 Jul 2023 monthly Jan 1993 - Jul 2023
Moldova (USD mn) -334.9 Jul 2023 monthly Jan 1992 - Jul 2023
Mongolia (USD mn) 394.3 Jul 2023 monthly Jan 1997 - Jul 2023
Montenegro (USD mn) -324.8 Jul 2023 monthly Jan 2005 - Jul 2023
Morocco (USD mn) -2,149.6 Jun 2023 monthly Jan 1957 - Jun 2023
Mozambique (USD mn) -68.3 Jun 2023 monthly Jan 2011 - Jun 2023
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -891.5 Jul 2023 monthly Aug 1974 - Jul 2023
Netherlands (USD mn) 9,296.3 Jul 2023 monthly Jan 1996 - Jul 2023
New Zealand (USD mn) -690.1 Jul 2023 monthly Jan 1960 - Jul 2023
Nigeria (USD mn) 2,864.8 Jun 2023 monthly Jan 2003 - Jun 2023
Norway (USD mn) 5,991.8 Jul 2023 monthly Jan 1957 - Jul 2023
Oman (USD mn) 1,394.0 May 2023 monthly Jan 1975 - May 2023
Pakistan (USD mn) -2,126.0 Aug 2023 monthly Jan 1968 - Aug 2023
Palestinian Territory (USD mn) -547.4 Jun 2023 monthly Jan 2011 - Jun 2023
Panama (USD mn) -1,048.4 May 2023 monthly Jan 1964 - May 2023
Paraguay (USD mn) 69.2 Jul 2023 monthly Jan 1994 - Jul 2023
Peru (USD mn) 1,399.6 Jun 2023 monthly Jan 1957 - Jun 2023
Philippines (USD mn) -4,200.9 Jul 2023 monthly Jan 1957 - Jul 2023
Poland (USD mn) 1,351.9 Jun 2023 monthly Jan 1986 - Jun 2023
Portugal (USD mn) -2,455.1 Jul 2023 monthly Jan 1957 - Jul 2023
Qatar (USD mn) 5,397.3 Jul 2023 monthly Jan 2014 - Jul 2023
Romania (USD mn) -2,524.9 Jul 2023 monthly Aug 1990 - Jul 2023
Russia (USD mn) 10,731.9 Jan 2023 monthly Jan 1998 - Jan 2023
Saudi Arabia (USD mn) 221,307.4 2022 yearly 1957 - 2022
Serbia (USD mn) -578.2 Jul 2023 monthly Jan 2001 - Jul 2023
Singapore (USD mn) 4,868.3 Jul 2023 monthly Jan 1976 - Jul 2023
Slovakia (USD mn) 404.8 Jul 2023 monthly Jan 2004 - Jul 2023
Slovenia (USD mn) 653.8 Jun 2023 monthly Nov 1991 - Jun 2023
South Africa (USD mn) 879.9 Jul 2023 monthly Oct 2004 - Jul 2023
Spain (USD mn) -5,200.1 Dec 2021 monthly Jan 1985 - Dec 2021
Sri Lanka (USD mn) -367.1 Jul 2023 monthly Jan 1982 - Jul 2023
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) 438.1 Jul 2023 monthly Jan 1957 - Jul 2023
Switzerland (USD mn) 4,792.9 Jul 2023 monthly Jan 1957 - Jul 2023

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Kuwait Key Series

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Includes 176 key indicators for Kuwait, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -26.4 2019 yearly 1988 - 2019
Consolidated Fiscal Balance (USD mn) 20,955.438 2022 yearly 1988 - 2022
Tax Revenue (USD mn) 128.142 Dec 2015 monthly Sep 2003 - Dec 2015
Tax Revenue: % of GDP (%) 1.4 2020 yearly 1986 - 2020
National Government Debt (USD mn) 684.5 Jul 2023 monthly Dec 1993 - Jul 2023
Government Debt: % of GDP (%) 3.2 Dec 2020 quarterly Dec 2010 - Dec 2020
Forecast: Government Expenditure (KWD bn) 27.920 2028 yearly 1990 - 2028
Forecast: Government Net Debt (KWD bn) 8.222 2028 yearly 1991 - 2028
Forecast: Government Revenue (KWD bn) 26.197 2028 yearly 1990 - 2028
Government Fiscal Balance: ytd (KWD mn) 6,368.309 Mar 2023 monthly Apr 2018 - Mar 2023
Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) 581.487 Mar 2023 monthly Apr 2018 - Mar 2023
Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) 1,539.771 Mar 2023 monthly Apr 2018 - Mar 2023
Government Revenue: ytd: Non Oil (KWD mn) 2,088.962 Mar 2023 monthly Apr 2018 - Mar 2023
Government Revenue: ytd (KWD mn) 28,801.927 Mar 2023 monthly Apr 2018 - Mar 2023
Government Expenditure: ytd: Current (KWD mn) 20,829.520 Mar 2023 monthly Apr 2018 - Mar 2023
Government Expenditure: ytd (KWD mn) 22,369.291 Mar 2023 monthly Apr 2018 - Mar 2023
Government Expenditure (KWD mn) 18,245.900 2016 yearly 1989 - 2016
Government Expenditure: Current (KWD mn) 12,125.900 2016 yearly 1989 - 2016
Government Revenue: Tax (KWD mn) 486.000 2016 yearly 1987 - 2016
Government Revenue (KWD mn) 13,633.900 2016 yearly 1987 - 2016
Government Expenditure: Capital (KWD mn) 226.000 2016 yearly 1989 - 2016
Government Surplus/Deficit (KWD mn) 6,432.636 2022 yearly 1989 - 2022
Public Debt (KWD mn) 210.000 Jul 2023 monthly Dec 1993 - Jul 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.994 2028 yearly 1980 - 2028
Trade Balance (USD mn) 1,817.0 Mar 2021 monthly Jan 1993 - Mar 2021
Total Exports (USD mn) 5,006.5 Mar 2021 monthly Jan 1993 - Mar 2021
Total Exports Growth (%) 61.8 Mar 2021 monthly Jan 1994 - Mar 2021
Aluminum: Exports (USD th) 158,912.326 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 529,113.260 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 17,111.420 2022 yearly 1995 - 2022
Total Imports (USD mn) 3,189.5 Mar 2021 monthly Jan 1992 - Mar 2021
Total Imports Growth (%) 27.7 Mar 2021 monthly Jan 1993 - Mar 2021
Imports: Medicament (USD th) 1,144,894.403 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 442,329.808 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 3.946 May 2023 monthly Jan 1973 - May 2023
Total Imports from USA (USD mn) 266.038 Mar 2021 monthly Jan 2017 - Mar 2021
Total Exports to China (USD mn) 27.186 Mar 2021 monthly Jan 2017 - Mar 2021
Total Imports from China (USD mn) 505.174 Mar 2021 monthly Jan 2017 - Mar 2021
Trade Balance: Quarterly (KWD mn) 2,789.603 Dec 2018 quarterly Mar 1973 - Dec 2018
Exports: SITC: Other Manufactured Articles (KWD mn) 36.800 Sep 2018 quarterly Sep 2014 - Sep 2018
Exports: SITC: Food and Live Animals (KWD mn) 39.900 Sep 2018 quarterly Sep 2014 - Sep 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 4,842.7 Mar 2023 quarterly Mar 2012 - Mar 2023
Current Account Balance (USD mn) 13,671.9 Mar 2023 quarterly Mar 2012 - Mar 2023
Current Account Balance: % of GDP (%) 0.5 Dec 2020 quarterly Mar 2012 - Dec 2020
Foreign Direct Investment (USD mn) 928.1 Mar 2023 quarterly Mar 2012 - Mar 2023
Foreign Direct Investment: % of GDP (%) -1.4 Dec 2020 quarterly Mar 2012 - Dec 2020
Foreign Portfolio Investment (USD mn) -156.217 Mar 2023 quarterly Mar 2012 - Mar 2023
Foreign Portfolio Investment: % of GDP (%) 3.1 Dec 2020 quarterly Mar 2012 - Dec 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 805.3 Dec 2022 quarterly Mar 2012 - Dec 2022
Foreign Portfolio Investment: Debt Securities (USD mn) -132.032 Mar 2023 quarterly Mar 2012 - Mar 2023
External Debt (USD mn) 64,466.2 Dec 2022 quarterly Mar 2018 - Dec 2022
External Debt: % of GDP (%) 58.5 2020 yearly 2014 - 2020
Forecast: Current Account Balance (USD bn) 21.986 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 105,184.786 2022 yearly 2001 - 2022
BoP: FA: Other Investments (OT) (KWD mn) -1,407.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: OT: Liabilities (KWD mn) 1,389.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) 448.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Assets (KWD mn) -1,260.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: OT: Assets (KWD mn) -2,795.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities (KWD mn) 10.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Primary Income: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Capital Account: Debit (KWD mn) 5.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Secondary Income: Credit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Net Errors and Omissions (KWD mn) 493.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Financial Derivatives: Liabilities (KWD mn) 40.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Financial Derivatives: Assets (KWD mn) -36.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities: Debt Instruments (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Jun 2023 quarterly Mar 2012 - Jun 2023
Household Debt: % of GDP (%) 1.5 Dec 2020 quarterly Dec 2010 - Dec 2020
Money Supply M1 (USD mn) 37,065.299 Jun 2023 monthly Jan 1994 - Jun 2023
Money Supply M2 (USD mn) 129,244.423 Jun 2023 monthly Jan 1994 - Jun 2023
M2 Growth (%) 4.4 Jun 2023 monthly Jan 1995 - Jun 2023
Foreign Exchange Reserves (USD mn) 43,809.6 Jun 2023 monthly Jan 1964 - Jun 2023
Foreign Exchange Reserves: % of GDP (%) 42.914 Dec 2020 quarterly Dec 2010 - Dec 2020
Foreign Exchange Reserves: Months of Import (NA) 13.9 Mar 2023 quarterly Mar 1973 - Mar 2023
Gold Reserves (USD mn) 103.325 Jul 2023 monthly Dec 1961 - Jul 2023
Total Deposits (USD mn) 155,147.001 Jul 2023 monthly Jan 1994 - Jul 2023
Total Deposits Growth (%) 0.7 Jul 2023 monthly Jan 1995 - Jul 2023
Domestic Credit (USD mn) 127,315.8 Jul 2023 monthly Jan 1994 - Jul 2023
Domestic Credit Growth (%) 0.0 Jul 2023 monthly Jan 1995 - Jul 2023
Household Debt (USD mn) 1,082.8 Jul 2023 monthly Jan 2002 - Jul 2023
Total Loans (USD mn) 171,593.220 Jul 2023 monthly Jan 1994 - Jul 2023
Total Loans Growth (%) 3.29 Jul 2023 monthly Jan 1995 - Jul 2023
Private Debt: % of Nominal GDP (%) 134.08 Dec 2020 quarterly Dec 2010 - Dec 2020

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