2022
Exports
$14.7MWorld Rnk 64 / 216
Flag Rnk 101 / 947
2022
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.9Rnk 10 / 1025
2022
Imports
$177MWorld Rnk 63 / 225
Flag Rnk 82 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $14.7M in Machinery Having Individual Functions, making it the 64th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 101st most exported product in Kuwait. The main destination of Machinery Having Individual Functions exports from Kuwait are: Saudi Arabia ($2.2M), Kenya ($2.06M), Qatar ($1.93M), United Arab Emirates ($1.88M), and Egypt ($1.05M).

The fastest growing export markets for Machinery Having Individual Functions of Kuwait between 2021 and 2022 were Kenya ($2.06M), Qatar ($1.5M), and Saudi Arabia ($865k).

Imports In 2022, Kuwait imported $177M in Machinery Having Individual Functions, becoming the 63rd largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 82nd most imported product in Kuwait. Kuwait imports Machinery Having Individual Functions primarily from: China ($43.9M), Singapore ($26.4M), Germany ($17.5M), United States ($16.5M), and Italy ($10.7M).

The fastest growing import markets in Machinery Having Individual Functions for Kuwait between 2021 and 2022 were China ($31M), Germany ($10.7M), and Mexico ($8.12M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Machinery Having Individual Functions. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$14.7M
IMPORTS (2022)$177M
NET TRADE (2022)-$162M

In 2022, Kuwait exported $14.7M in Machinery Having Individual Functions. The main destinations of Kuwait exports on Machinery Having Individual Functions were Saudi Arabia ($2.2M), Kenya ($2.06M), Qatar ($1.93M), United Arab Emirates ($1.88M), and Egypt ($1.05M).

In 2022, Kuwait imported $177M in Machinery Having Individual Functions, mainly from China ($43.9M), Singapore ($26.4M), Germany ($17.5M), United States ($16.5M), and Italy ($10.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Kenya$2.06M (1%)
Qatar$1.5M (347%)
Saudi Arabia$865k (65.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Kuwait WERE (2021 - 2022):
China-$1.47M (-97.6%)
Ireland-$623k (-100%)
South Korea-$472k (-94.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Machinery Having Individual Functions were:
In 2022, Kuwait's main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSaudi Arabia+ $1.86M
TOP IMPORT POTENTIALChina+ $11.6M

Machinery Having Individual Functions’s highest export potential is Saudi Arabia. With an export gap of $1.86M.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $11.6M.

See methodology.

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