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:
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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| 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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| 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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Foreign Trade
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