Kuwait Trade Balance

1993 - 2024 | Monthly | USD mn | CEIC Data

Key information about Kuwait's Trade Balance

  • Kuwait's Trade Balance recorded a surplus of 3.0 USD bn in Feb 2024, compared with a surplus of 3.7 USD bn in the previous month
  • Kuwait's Trade Balance data is updated monthly, available from Jan 1993 to Feb 2024, with an averaged value of 1.2 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 6.1 USD bn in Feb 2024, a decrease of 9.7% YoY (year-on-year)
  • Total Imports recorded 3.2 USD bn in Feb 2024, an increase of 9.7% YoY (year-on-year)

View Kuwait's Trade Balance from Jan 1993 to Feb 2024 in the chart:

Kuwait Trade Balance

What was Kuwait's Trade Balance in Feb 2024?

Kuwait's Trade Balance recorded a surplus of 3.0 USD bn in Feb 2024, compared with a surplus of 3.7 USD bn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
2,950.3 Feb 2024 3,739.7 Jan 2024 -429.3 Apr 2020 9,690.7 Mar 2012 USD mn monthly Jan 1993 - Feb 2024

Trade Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) -566.6 Jul 2024 monthly Oct 1998 - Jul 2024
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 1,589.0 Jul 2024 monthly Jan 1991 - Jul 2024
Armenia (USD mn) -314.9 Jun 2024 monthly Nov 1995 - Jun 2024
Australia (USD mn) 3,712.2 Jun 2024 monthly Jul 1971 - Jun 2024
Austria (USD mn) 325.2 Apr 2024 monthly Jan 1957 - Apr 2024
Azerbaijan (USD mn) 1,134.1 May 2024 monthly Jan 2000 - May 2024
Bahrain (USD mn) 4,501.7 2023 yearly 1966 - 2023
Bangladesh (USD mn) -2,031.5 May 2024 monthly Jul 1986 - May 2024
Belarus (USD mn) 241.7 Jun 2024 monthly Jan 2000 - Jun 2024
Belgium (USD mn) 3,259.1 May 2024 monthly Jan 1993 - May 2024
Bolivia (USD mn) 150.9 Jun 2024 monthly Oct 1994 - Jun 2024
Bosnia and Herzegovina (USD mn) -598.6 Jul 2024 monthly Jan 2000 - Jul 2024
Botswana (USD mn) -173.5 May 2024 monthly Jan 2001 - May 2024
Brazil (USD mn) 7,639.7 Jul 2024 monthly Jan 1959 - Jul 2024
Brunei (USD mn) 256.8 Jun 2024 monthly Jan 2010 - Jun 2024
Bulgaria (USD mn) -352.3 Jun 2024 monthly Jan 1995 - Jun 2024
Cambodia (USD mn) -91.2 Jul 2024 monthly Jun 2013 - Jul 2024
Canada (USD mn) 465.7 Jun 2024 monthly Jan 1988 - Jun 2024
Chile (USD mn) 1,294.8 Jul 2024 monthly Jan 1968 - Jul 2024
China (USD mn) 84,646.9 Jul 2024 monthly Jan 1992 - Jul 2024
Colombia (USD mn) -838.6 Jun 2024 monthly Jan 1958 - Jun 2024
Croatia (USD mn) -2,058.0 May 2024 monthly Jan 1993 - May 2024
Cyprus (USD mn) -482.1 Jun 2024 monthly Jan 1957 - Jun 2024
Czech Republic (USD mn) 2,077.5 May 2024 monthly Jan 1996 - May 2024
Denmark (USD mn) 821.7 Mar 2024 monthly Jan 1997 - Mar 2024
Ecuador (USD mn) 698.9 May 2024 monthly Mar 1992 - May 2024
Egypt (USD mn) -2,871.0 Jun 2024 monthly Jan 1957 - Jun 2024
Estonia (USD mn) -288.6 Jun 2024 monthly Jan 1993 - Jun 2024
European Union (USD mn) 16,314.3 Jun 2024 monthly Jan 2002 - Jun 2024
Finland (USD mn) -103.5 Jan 2024 monthly Jan 1992 - Jan 2024
France (USD mn) -6,552.5 Jun 2024 monthly Jan 2000 - Jun 2024
Georgia (USD mn) -735.7 Jul 2024 monthly Jan 1995 - Jul 2024
Germany (USD mn) 21,978.0 Jun 2024 monthly Jan 1957 - Jun 2024
Ghana (USD mn) 539.1 Dec 2023 monthly Mar 2005 - Dec 2023
Greece (USD mn) -2,533.2 Jun 2024 monthly Jan 2002 - Jun 2024
Hong Kong SAR, China (USD mn) -7,137.1 Jun 2024 monthly Jan 1957 - Jun 2024
Hungary (USD mn) 1,081.9 May 2024 monthly Jan 1976 - May 2024
Iceland (USD mn) -305.0 Jun 2024 monthly Jan 1957 - Jun 2024
India (USD mn) -23,500.0 Jul 2024 monthly Jan 1957 - Jul 2024
Indonesia (USD mn) 472.0 Jul 2024 monthly Jan 1967 - Jul 2024
Iran (USD mn) 32,176.0 2023 yearly 1948 - 2023
Ireland (USD mn) 7,654.7 May 2024 monthly Jan 1970 - May 2024
Israel (USD mn) -3,292.5 Jul 2024 monthly Jan 1988 - Jul 2024
Italy (USD mn) 4,794.9 Jun 2024 monthly Jan 1993 - Jun 2024
Ivory Coast (USD mn) 2,900.6 May 2024 monthly Jan 1981 - May 2024
Japan (USD mn) -4,794.7 Jul 2024 monthly Apr 1995 - Jul 2024
Jordan (USD mn) -811.7 Jun 2024 monthly Jan 1972 - Jun 2024
Kazakhstan (USD mn) 1,782.9 May 2024 monthly Sep 1995 - May 2024
Kenya (USD mn) -887.7 May 2024 monthly Oct 1992 - May 2024
South Korea (USD mn) 3,830.0 Aug 2024 monthly Jan 1966 - Aug 2024
Kosovo (USD mn) -537.9 Jul 2024 monthly Jan 2003 - Jul 2024
Kuwait (USD mn) 2,950.3 Feb 2024 monthly Jan 1993 - Feb 2024
Kyrgyzstan (USD mn) -624.9 Jun 2024 monthly Jan 2002 - Jun 2024
Laos (USD mn) -170.9 Dec 2023 quarterly Dec 1992 - Dec 2023
Latvia (USD mn) -396.9 Jun 2024 monthly Jan 1995 - Jun 2024
Lebanon (USD mn) -1,062.6 Dec 2023 monthly Jan 1993 - Dec 2023
Lithuania (USD mn) -468.4 Jun 2024 monthly Jan 1999 - Jun 2024
Luxembourg (USD mn) -703.8 Jun 2024 monthly Jan 1988 - Jun 2024
Macau SAR, China (USD mn) -1,129.2 Jun 2024 monthly Jan 1998 - Jun 2024
North Macedonia (USD mn) -229.5 Jun 2024 monthly Dec 1993 - Jun 2024
Malawi (USD mn) -194.6 Mar 2024 monthly Jan 1964 - Mar 2024
Malaysia (USD mn) 2,026.8 Jun 2024 monthly Jan 1990 - Jun 2024
Malta (USD mn) -335.7 Jun 2024 monthly Jan 1960 - Jun 2024
Mauritius (USD mn) -319.9 May 2024 monthly Jan 2006 - May 2024
Mexico (USD mn) -1,944.1 Jun 2024 monthly Jan 1993 - Jun 2024
Moldova (USD mn) -404.5 Jun 2024 monthly Jan 1992 - Jun 2024
Mongolia (USD mn) 344.2 Jul 2024 monthly Jan 1997 - Jul 2024
Montenegro (USD mn) -382.0 Jul 2024 monthly Jan 2005 - Jul 2024
Morocco (USD mn) -2,995.1 Jul 2024 monthly Jan 1957 - Jul 2024
Mozambique (USD mn) -61.7 Mar 2024 monthly Jan 2011 - Mar 2024
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -944.3 Jul 2024 monthly Aug 1974 - Jul 2024
Netherlands (USD mn) 14,326.6 Jun 2024 monthly Jan 1996 - Jun 2024
New Zealand (USD mn) -580.6 Jul 2024 monthly Jan 1960 - Jul 2024
Nigeria (USD mn) 1,428.5 Mar 2024 monthly Jan 2003 - Mar 2024
Norway (USD mn) 5,459.0 May 2024 monthly Jan 1957 - May 2024
Oman (USD mn) 1,016.2 May 2024 monthly Jan 1975 - May 2024
Pakistan (USD mn) -1,971.3 Jul 2024 monthly Jan 1968 - Jul 2024
Palestinian Territory (USD mn) -359.1 Jun 2024 monthly Jan 2011 - Jun 2024
Panama (USD mn) -1,042.7 Jun 2024 monthly Jan 1964 - Jun 2024
Paraguay (USD mn) 23.5 Jul 2024 monthly Jan 1994 - Jul 2024
Peru (USD mn) 2,466.4 Jun 2024 monthly Jan 1985 - Jun 2024
Philippines (USD mn) -4,303.6 Jun 2024 monthly Jan 1957 - Jun 2024
Poland (USD mn) 87.0 May 2024 monthly Jan 1986 - May 2024
Portugal (USD mn) -2,035.9 Jun 2024 monthly Jan 1957 - Jun 2024
Qatar (USD mn) 5,377.7 Jun 2024 monthly Jan 2014 - Jun 2024
Romania (USD mn) -2,990.8 Jun 2024 monthly Aug 1990 - Jun 2024
Russia (USD mn) 12,437.0 Jun 2024 monthly Jan 1998 - Jun 2024
Saudi Arabia (USD mn) 113,078.6 2023 yearly 1957 - 2023
Serbia (USD mn) -928.0 May 2024 monthly Jan 2001 - May 2024
Singapore (USD mn) 4,820.3 Jul 2024 monthly Jan 1976 - Jul 2024
Slovakia (USD mn) 696.8 Jun 2024 monthly Jan 2004 - Jun 2024
Slovenia (USD mn) -692.8 Jun 2024 monthly Nov 1991 - Jun 2024
South Africa (USD mn) 965.0 Jul 2024 monthly Oct 2004 - Jul 2024
Spain (USD mn) -4,050.1 May 2024 monthly Jun 1974 - May 2024
Sri Lanka (USD mn) -603.8 Jul 2024 monthly Jan 1982 - Jul 2024
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) 829.6 Jun 2024 monthly Jan 1957 - Jun 2024
Switzerland (USD mn) 8,174.5 Jul 2024 monthly Jan 1957 - Jul 2024

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Kuwait Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.1 2023 yearly 1988 - 2023
Consolidated Fiscal Balance (USD mn) -5,077.511 2023 yearly 1988 - 2023
Tax Revenue (USD mn) 128.142 Dec 2015 monthly Sep 2003 - Dec 2015
Tax Revenue: % of GDP (%) 1.1 2023 yearly 1986 - 2023
National Government Debt (USD mn) 490.8 Jul 2024 monthly Dec 1993 - Jul 2024
Government Debt: % of GDP (%) 0.4 Mar 2024 quarterly Dec 2010 - Mar 2024
Forecast: Government Expenditure (KWD bn) 28.396 2028 yearly 1985 - 2028
Forecast: Government Net Debt (KWD bn) 14.118 2029 yearly 1991 - 2029
Forecast: Government Revenue (KWD bn) 42.514 2029 yearly 1985 - 2029
Government Fiscal Balance: ytd (KWD mn) -1,561.505 Mar 2024 monthly Apr 2018 - Mar 2024
Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) 550.910 Mar 2024 monthly Apr 2018 - Mar 2024
Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) 1,307.114 Mar 2024 monthly Apr 2018 - Mar 2024
Government Revenue: ytd: Non Oil (KWD mn) 2,116.770 Mar 2024 monthly Apr 2018 - Mar 2024
Government Revenue: ytd (KWD mn) 23,644.325 Mar 2024 monthly Apr 2018 - Mar 2024
Government Expenditure: ytd: Current (KWD mn) 23,898.716 Mar 2024 monthly Apr 2018 - Mar 2024
Government Expenditure: ytd (KWD mn) 25,205.830 Mar 2024 monthly Apr 2018 - Mar 2024
Government Expenditure (KWD mn) 18,245.900 2016 yearly 1989 - 2016
Government Revenue (KWD mn) 13,633.900 2016 yearly 1987 - 2016
Government Revenue: Tax (KWD mn) 486.000 2016 yearly 1987 - 2016
Government Expenditure: Current (KWD mn) 12,125.900 2016 yearly 1989 - 2016
Government Expenditure: Capital (KWD mn) 226.000 2016 yearly 1989 - 2016
Government Surplus/Deficit (KWD mn) -1,561.505 2024 yearly 1989 - 2024
Public Debt (KWD mn) 150.000 Jul 2024 monthly Dec 1993 - Jul 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.994 2028 yearly 1980 - 2028
Trade Balance (USD mn) 2,950.3 Feb 2024 monthly Jan 1993 - Feb 2024
Total Exports (USD mn) 6,145.8 Feb 2024 monthly Jan 1993 - Feb 2024
Total Exports Growth (%) -12.6 Feb 2024 monthly Jan 1994 - Feb 2024
Aluminum: Exports (USD th) 56,889.308 2023 yearly 1995 - 2023
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) 3,025.0 Mar 2024 monthly Jan 1992 - Mar 2024
Total Imports Growth (%) 9.7 Feb 2024 monthly Jan 1993 - Feb 2024
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) 4.696 May 2024 monthly Sep 1991 - May 2024
Total Imports from USA (USD mn) 280.072 Feb 2024 monthly Jan 2017 - Feb 2024
Total Exports to China (USD mn) 43.131 Mar 2024 monthly Jan 2017 - Mar 2024
Total Imports from China (USD mn) 617.874 Feb 2024 monthly Jan 2017 - Feb 2024
Trade Balance: Quarterly (KWD mn) 2,789.603 Dec 2018 quarterly Mar 1973 - Dec 2018
Exports: FOB: Growth Rate: YoY (%) -2.326 Mar 2024 monthly Apr 2020 - Mar 2024
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
Export Value Index (2015=100) 116.639 2021 yearly 1980 - 2021
Import Value Index (2015=100) 102.988 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 636.6 Dec 2023 quarterly Mar 2012 - Dec 2023
Current Account Balance (USD mn) 13,349.9 Dec 2023 quarterly Mar 2012 - Dec 2023
Current Account Balance: % of GDP (%) 32.0 Dec 2023 quarterly Mar 2012 - Dec 2023
Foreign Direct Investment (USD mn) 537.1 Dec 2023 quarterly Mar 2012 - Dec 2023
Foreign Direct Investment: % of GDP (%) 1.3 Dec 2023 quarterly Mar 2012 - Dec 2023
Foreign Portfolio Investment (USD mn) -26.269 Dec 2023 quarterly Mar 2012 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -0.1 Dec 2023 quarterly Mar 2012 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -47.7 Dec 2023 quarterly Mar 2012 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 21.404 Dec 2023 quarterly Mar 2012 - Dec 2023
External Debt (USD mn) 64,616.5 Dec 2023 quarterly Mar 2018 - Dec 2023
External Debt: % of GDP (%) 39.4 2023 yearly 2014 - 2023
Forecast: Current Account Balance (USD bn) 31.307 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 113,840.261 2023 yearly 2001 - 2023
BoP: FA: Other Investments (OT) (KWD mn) -1,407.000 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: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) 448.000 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: Portfolio Investment: Liabilities (KWD mn) 10.000 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: CA: Primary Income: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Secondary Income: Credit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: 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: 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 Mar 2024 quarterly Mar 2011 - Mar 2024
Household Debt: % of GDP (%) 0.7 Mar 2024 quarterly Dec 2010 - Mar 2024
Money Supply M1 (USD mn) 33,266.361 Jul 2024 monthly Jan 1994 - Jul 2024
Money Supply M2 (USD mn) 130,627.945 Jul 2024 monthly Jan 1994 - Jul 2024
M2 Growth (%) 1.9 Jul 2024 monthly Jan 1995 - Jul 2024
Foreign Exchange Reserves (USD mn) 41,795.4 Jun 2024 monthly Jan 1964 - Jun 2024
Foreign Exchange Reserves: % of GDP (%) 26.120 Mar 2024 quarterly Dec 2010 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 13.8 Mar 2024 quarterly Mar 1973 - Mar 2024
Gold Reserves (USD mn) 103.730 Jul 2024 monthly Dec 1961 - Jul 2024
Total Deposits (USD mn) 161,920.157 Jul 2024 monthly Jan 1994 - Jul 2024
Total Deposits Growth (%) 4.0 Jul 2024 monthly Jan 1995 - Jul 2024
Domestic Credit (USD mn) 129,725.8 Jul 2024 monthly Jan 1994 - Jul 2024
Domestic Credit Growth (%) 2.1 Jul 2024 monthly Jan 1995 - Jul 2024
Household Debt (USD mn) 1,457.8 Jul 2024 monthly Jan 2002 - Jul 2024
Total Loans (USD mn) 181,207.134 Jul 2024 monthly Jan 1994 - Jul 2024
Total Loans Growth (%) 5.19 Jul 2024 monthly Jan 1995 - Jul 2024
Private Debt: % of Nominal GDP (%) 103.30 Mar 2024 quarterly Dec 2010 - Mar 2024
Money Supply: M3: M2: M1: Currency in Circulation (KWD mn) 1,557.500 Jul 2024 monthly Jan 1994 - Jul 2024
Money Supply: M3 (KWD mn) 39,919.900 Jul 2024 monthly Jan 1994 - Jul 2024
Monetary Survey: CBK and Local Banks: Money Supply M2: M1 (KWD mn) 10,166.200 Jul 2024 monthly Jan 1994 - Jul 2024
Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) 39,919.900 Jul 2024 monthly Jan 1994 - Jul 2024
Local Banks Time Deposits (KWD mn) 63,802.600 Jul 2024 monthly Jan 1994 - Jul 2024

More Indicators for Kuwait

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data