Kuwait Trade Balance

1993 - 2021 | Monthly | USD mn | CEIC Data

Kuwait 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 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.

In the latest reports, Kuwait Total Exports reached 4.1 USD bn in Dec 2020, a decrease of 29.9 % year on year. Total Imports recorded 2.4 USD bn in Feb 2021, a decrease of 5.9 % 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?

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) -317.1 Jun 2021 monthly Oct 1998 - Jun 2021
Algeria (USD mn) -791.7 Jan 2020 monthly Jan 2000 - Jan 2020
Argentina (USD mn) 1,300.3 Jun 2021 monthly Jan 1991 - Jun 2021
Armenia (USD mn) -160.0 May 2021 monthly Nov 1995 - May 2021
Australia (USD mn) 7,014.6 May 2021 monthly Jul 1971 - May 2021
Austria (USD mn) -1,061.1 Apr 2021 monthly Jan 1957 - Apr 2021
Azerbaijan (USD mn) 199.7 May 2021 monthly Jan 2000 - May 2021
Bahrain (USD mn) -127.1 2020 yearly 1966 - 2020
Bangladesh (USD mn) -2,080.3 May 2021 monthly Jul 1986 - May 2021
Belarus (USD mn) 311.6 May 2021 monthly Jan 2000 - May 2021
Belgium (USD mn) 2,078.3 May 2021 monthly Jan 1993 - May 2021
Bolivia (USD mn) 125.6 May 2021 monthly Oct 1994 - May 2021
Bosnia and Herzegovina (USD mn) -310.7 Mar 2021 monthly Jan 2000 - Mar 2021
Botswana (USD mn) -243.7 May 2021 monthly Jan 2001 - May 2021
Brazil (USD mn) 10,250.9 Jun 2021 monthly Jan 1959 - Jun 2021
Brunei (USD mn) 63.0 Apr 2021 monthly Jan 2003 - Apr 2021
Bulgaria (USD mn) -176.2 Apr 2021 monthly Jan 1995 - Apr 2021
Cambodia (USD mn) -991.0 Apr 2021 monthly Jun 2013 - Apr 2021
Canada (USD mn) 475.3 Apr 2021 monthly Jan 1988 - Apr 2021
Chile (USD mn) 1,095.3 Jun 2021 monthly Jan 1968 - Jun 2021
China (USD mn) 51,526.6 Jun 2021 monthly Jan 1981 - Jun 2021
Colombia (USD mn) -1,275.1 May 2021 monthly Jan 1958 - May 2021
Croatia (USD mn) -868.6 Apr 2021 monthly Jan 1993 - Apr 2021
Cyprus (USD mn) -519.8 May 2021 monthly Jan 1957 - May 2021
Czech Republic (USD mn) 1,567.9 May 2021 monthly Jan 1996 - May 2021
Denmark (USD mn) 336.2 May 2021 monthly Jan 1997 - May 2021
Ecuador (USD mn) 460.5 May 2021 monthly Jan 1965 - May 2021
Egypt (USD mn) -3,344.0 May 2021 monthly Jan 1957 - May 2021
Estonia (USD mn) -213.0 May 2021 monthly Jan 1993 - May 2021
European Union (USD mn) 12,292.1 May 2021 monthly Jan 2002 - May 2021
Finland (USD mn) -255.1 May 2021 monthly Jan 1992 - May 2021
France (USD mn) -8,260.5 May 2021 monthly Jan 2000 - May 2021
Georgia (USD mn) -487.9 Jun 2021 monthly Jan 1995 - Jun 2021
Germany (USD mn) 15,498.3 May 2021 monthly Jan 1957 - May 2021
Ghana (USD mn) 392.3 Dec 2020 monthly Mar 2005 - Dec 2020
Greece (USD mn) -2,033.0 May 2021 monthly Jan 2002 - May 2021
Hong Kong SAR, China (USD mn) -5,212.2 Jun 2021 monthly Jan 1957 - Jun 2021
Hungary (USD mn) 125.2 May 2021 monthly Jan 1976 - May 2021
Iceland (USD mn) -48.7 Apr 2021 monthly Jan 1957 - Apr 2021
India (USD mn) -9,374.2 Jun 2021 monthly Jan 1957 - Jun 2021
Indonesia (USD mn) 1,316.4 Jun 2021 monthly Jan 1967 - Jun 2021
Iran (USD mn) 594,735,573.2 2015 yearly 1950 - 2015
Ireland (USD mn) 6,096.2 May 2021 monthly Jan 1970 - May 2021
Israel (USD mn) -3,129.8 Jun 2021 monthly Jan 1988 - Jun 2021
Italy (USD mn) 5,790.0 May 2021 monthly Jan 1993 - May 2021
Ivory Coast (USD mn) 360.7 Mar 2021 monthly Jan 1981 - Mar 2021
Japan (USD mn) -819.1 Jun 2021 monthly Apr 1995 - Jun 2021
Jordan (USD mn) -918.0 May 2021 monthly Jan 1972 - May 2021
Kazakhstan (USD mn) 1,655.9 May 2021 monthly Sep 1995 - May 2021
Kenya (USD mn) -954.1 Apr 2021 monthly Oct 1992 - Apr 2021
South Korea (USD mn) 4,451.1 Jun 2021 monthly Jan 1957 - Jun 2021
Kosovo (USD mn) -386.0 Jun 2021 monthly Jan 2003 - Jun 2021
Kuwait (USD mn) 1,817.0 Mar 2021 monthly Jan 1993 - Mar 2021
Kyrgyzstan (USD mn) -263.6 May 2021 monthly Jan 2002 - May 2021
Laos (USD mn) 250.6 Dec 2020 quarterly Dec 1992 - Dec 2020
Latvia (USD mn) -433.8 May 2021 monthly Jan 1995 - May 2021
Lebanon (USD mn) -723.4 Nov 2020 monthly Jan 1993 - Nov 2020
Lithuania (USD mn) -451.1 May 2021 monthly Jan 1999 - May 2021
Luxembourg (USD mn) -775.4 May 2021 monthly Jan 1988 - May 2021
Macau SAR, China (USD mn) -1,740.2 Jun 2021 monthly Jan 1998 - Jun 2021
North Macedonia (USD mn) -249.1 May 2021 monthly Dec 1993 - May 2021
Malawi (USD mn) -112.8 Jan 2021 monthly Jan 1964 - Jan 2021
Malaysia (USD mn) 3,834.6 May 2021 monthly Jan 1990 - May 2021
Malta (USD mn) -421.1 May 2021 monthly Jan 1960 - May 2021
Mauritius (USD mn) -253.5 May 2021 monthly Jan 2006 - May 2021
Mexico (USD mn) -2,905.9 Mar 2021 monthly Jan 1993 - Mar 2021
Moldova (USD mn) -361.7 May 2021 monthly Jan 2004 - May 2021
Mongolia (USD mn) 128.8 Jun 2021 monthly Jan 1997 - Jun 2021
Montenegro (USD mn) -211.9 May 2021 monthly Jan 2005 - May 2021
Morocco (USD mn) -2,055.5 May 2021 monthly Jan 1957 - May 2021
Mozambique (USD mn) -177.1 Dec 2020 monthly Jan 2011 - Dec 2020
Myanmar (USD mn) 80.3 Mar 2021 monthly Jan 1957 - Mar 2021
Nepal (USD mn) -1,085.6 May 2021 monthly Aug 1974 - May 2021
Netherlands (USD mn) 5,844.7 May 2021 monthly Jan 1996 - May 2021
New Zealand (USD mn) 185.8 Jun 2021 monthly Jan 1957 - Jun 2021
Nigeria (USD mn) -2,959.9 Mar 2021 monthly Jan 2003 - Mar 2021
Norway (USD mn) 2,970.8 Jun 2021 monthly Jan 1957 - Jun 2021
Oman (USD mn) 393.8 Feb 2021 monthly Jan 1975 - Feb 2021
Pakistan (USD mn) -3,648.2 Jun 2021 monthly Jan 1968 - Jun 2021
Palestinian Territory (USD mn) -352.0 Feb 2021 monthly Jan 2011 - Feb 2021
Panama (USD mn) -828.4 May 2021 monthly Jan 1964 - May 2021
Paraguay (USD mn) 302.5 Jun 2021 monthly Jan 1995 - Jun 2021
Peru (USD mn) 814.9 May 2021 monthly Jan 1957 - May 2021
Philippines (USD mn) -2,755.0 May 2021 monthly Jan 1957 - May 2021
Poland (USD mn) -90.3 May 2021 monthly Jan 1986 - May 2021
Portugal (USD mn) -1,662.3 May 2021 monthly Jan 1957 - May 2021
Qatar (USD mn) 3,620.9 Mar 2021 monthly Jan 2014 - Mar 2021
Romania (USD mn) -2,153.2 May 2021 monthly Aug 1990 - May 2021
Russia (USD mn) 10,640.1 May 2021 monthly Jan 1998 - May 2021
Saudi Arabia (USD mn) 35,856.4 2020 yearly 1957 - 2020
Serbia (USD mn) -729.3 May 2021 monthly Jan 2001 - May 2021
Singapore (USD mn) 3,456.8 Jun 2021 monthly Jan 1976 - Jun 2021
Slovakia (USD mn) 173.3 May 2021 monthly Jan 2004 - May 2021
Slovenia (USD mn) -275.6 May 2021 monthly Nov 1991 - May 2021
South Africa (USD mn) 3,887.6 May 2021 monthly Oct 2004 - May 2021
Spain (USD mn) -1,257.5 May 2021 monthly Jan 1985 - May 2021
Sri Lanka (USD mn) -715.7 May 2021 monthly Jan 1982 - May 2021
Sudan (USD mn) -223.4 Mar 2021 monthly Jan 2003 - Mar 2021
Sweden (USD mn) 1,226.7 Jun 2021 monthly Jan 1957 - Jun 2021
Switzerland (USD mn) 7,090.5 Jun 2021 monthly Jan 1957 - Jun 2021

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Kuwait Key Series

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Includes 179 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 (%) -9.6 2019 yearly 1988 - 2019
Consolidated Fiscal Balance (USD mn) -12,891.871 2019 yearly 1988 - 2019
Tax Revenue (USD mn) 128.142 Dec 2015 monthly Sep 2003 - Dec 2015
Tax Revenue: % of GDP (%) 1.3 2019 yearly 1986 - 2019
National Government Debt (USD mn) 3,158.8 May 2021 monthly Dec 1993 - May 2021
Government Debt: % of GDP (%) 3.2 Sep 2020 quarterly Dec 2010 - Sep 2020
Forecast: Government Expenditure (KWD bn) 24.119 2026 yearly 1990 - 2026
Forecast: Government Net Debt (KWD bn) 37.408 2026 yearly 1991 - 2026
Forecast: Government Revenue (KWD bn) 22.312 2026 yearly 1990 - 2026
Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) 415.966 Feb 2021 monthly Apr 2018 - Feb 2021
Government Expenditure: ytd (KWD mn) 14,817.487 Feb 2021 monthly Apr 2018 - Feb 2021
Government Revenue: ytd (KWD mn) 8,862.962 Feb 2021 monthly Apr 2018 - Feb 2021
Government Fiscal Balance: ytd (KWD mn) -5,954.525 Feb 2021 monthly Apr 2018 - Feb 2021
Government Expenditure: ytd: Current (KWD mn) 13,761.529 Feb 2021 monthly Apr 2018 - Feb 2021
Government Revenue: ytd: Non Oil (KWD mn) 1,213.483 Feb 2021 monthly Apr 2018 - Feb 2021
Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) 1,055.958 Feb 2021 monthly Apr 2018 - Feb 2021
Government Revenue: Tax (KWD mn) 486.000 2016 yearly 1987 - 2016
Government Revenue (KWD mn) 13,633.900 2016 yearly 1987 - 2016
Government Expenditure (KWD mn) 18,245.900 2016 yearly 1989 - 2016
Government Expenditure: Current (KWD mn) 12,125.900 2016 yearly 1989 - 2016
Government Expenditure: Capital (KWD mn) 226.000 2016 yearly 1989 - 2016
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.236 2026 yearly 1980 - 2026
Trade Balance (USD mn) 1,817.0 Mar 2021 monthly Jan 1993 - Mar 2021
Total Exports (USD mn) 4,090.9 Dec 2020 monthly Jan 1993 - Dec 2020
Total Exports Growth (%) -29.9 Dec 2020 monthly Jan 1994 - Dec 2020
Aluminum: Exports (USD th) 7,428.111 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 28,754.528 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 1,208.010 2020 yearly 1995 - 2020
Total Imports (USD mn) 2,427.0 Feb 2021 monthly Jan 1992 - Feb 2021
Total Imports Growth (%) -5.9 Dec 2020 monthly Jan 1993 - Dec 2020
Imports: Medicament (USD th) 867,654.908 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 283,644.869 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 0.143 Oct 2020 monthly Jan 1973 - Oct 2020
Total Imports from USA (USD mn) 242.817 Dec 2020 monthly Jan 2017 - Dec 2020
Total Exports to China (USD mn) 31.662 Feb 2021 monthly Jan 2017 - Feb 2021
Total Imports from China (USD mn) 456.091 Jan 2021 monthly Jan 2017 - Jan 2021
Trade Balance: Quarterly (KWD mn) 2,789.603 Dec 2018 quarterly Mar 1973 - Dec 2018
Exports: SITC: Food and Live Animals (KWD mn) 39.900 Sep 2018 quarterly Sep 2014 - Sep 2018
Exports: SITC: Other Manufactured Articles (KWD mn) 36.800 Sep 2018 quarterly Sep 2014 - Sep 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,839.3 Dec 2020 quarterly Mar 2012 - Dec 2020
Current Account Balance (USD mn) 8,084.3 Sep 2020 quarterly Mar 2012 - Sep 2020
Current Account Balance: % of GDP (%) 31.3 Sep 2020 quarterly Mar 2012 - Sep 2020
Foreign Direct Investment (USD mn) 60.8 Sep 2020 quarterly Mar 2012 - Sep 2020
Foreign Direct Investment: % of GDP (%) 0.2 Sep 2020 quarterly Mar 2012 - Sep 2020
Foreign Portfolio Investment (USD mn) 6,651.078 Dec 2020 quarterly Mar 2012 - Dec 2020
Foreign Portfolio Investment: % of GDP (%) -0.9 Sep 2020 quarterly Mar 2012 - Sep 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 39.5 Sep 2020 quarterly Mar 2012 - Sep 2020
Foreign Portfolio Investment: Debt Securities (USD mn) -274.691 Sep 2020 quarterly Mar 2012 - Sep 2020
External Debt (USD mn) 53,819.1 Sep 2020 quarterly Mar 2018 - Sep 2020
External Debt: % of GDP (%) 50.2 2019 yearly 2014 - 2019
Forecast: Current Account Balance (USD bn) 5.366 2026 yearly 1980 - 2026
Net International Investment Position (USD mn) 93,856.844 2019 yearly 2001 - 2019
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: CA: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities (KWD mn) 10.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Capital Account: Debit (KWD mn) 5.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: OT: Liabilities (KWD mn) 1,389.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Secondary Income: Credit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Financial Derivatives: Liabilities (KWD mn) 40.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Net Errors and Omissions (KWD mn) 493.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: OT: Assets (KWD mn) -2,795.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Primary Income: Debit (KWD mn) 0.000 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
BoP: FA: Financial Derivatives: Assets (KWD mn) -36.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Other Investments (OT) (KWD mn) -1,407.000 Sep 2018 quarterly Mar 2012 - Sep 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.8 Sep 2019 quarterly Mar 2017 - Sep 2019
Household Debt: % of GDP (%) 1.3 Sep 2020 quarterly Dec 2010 - Sep 2020
Money Supply M1 (USD mn) 42,645.054 May 2021 monthly Jan 1994 - May 2021
Money Supply M2 (USD mn) 127,897.922 May 2021 monthly Jan 1994 - May 2021
M2 Growth (%) -1.6 May 2021 monthly Jan 1995 - May 2021
Foreign Exchange Reserves (USD mn) 43,450.1 May 2021 monthly Jan 1964 - May 2021
Foreign Exchange Reserves: % of GDP (%) 40.595 Sep 2020 quarterly Dec 2010 - Sep 2020
Foreign Exchange Reserves: Months of Import (NA) 20.9 Jun 2020 quarterly Mar 1973 - Jun 2020
Gold Reserves (USD mn) 105.543 May 2021 monthly Dec 1961 - May 2021
Total Deposits (USD mn) 145,329.343 May 2021 monthly Jan 1994 - May 2021
Total Deposits Growth (%) 3.4 Feb 2021 monthly Jan 1995 - Feb 2021
Domestic Credit (USD mn) 115,597.0 May 2021 monthly Jan 1994 - May 2021
Domestic Credit Growth (%) 5.0 May 2021 monthly Jan 1995 - May 2021
Household Debt (USD mn) 853.2 May 2021 monthly Jan 2002 - May 2021
Total Loans (USD mn) 132,579.427 Feb 2021 monthly Jan 1994 - Feb 2021
Total Loans Growth (%) 2.87 Apr 2021 monthly Jan 1995 - Apr 2021
Private Debt: % of Nominal GDP (%) 114.09 Sep 2020 quarterly Dec 2010 - Sep 2020
Money Supply: M3: M2: M1: Currency in Circulation (KWD mn) 1,849.300 May 2021 monthly Jan 1994 - May 2021

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