Kuwait Trade Balance
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
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:
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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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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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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