2022
Exports
$569kWorld Rnk 109 / 188
Flag Rnk 85 / 96
2022
PRODUCT COMPLEXITY IN Natural gums, resins & other vegetable extracts
-0.98Rnk 834 / 1025
2022
Imports
$20MWorld Rnk 58 / 212
Flag Rnk 75 / 96
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $569k in Natural gums, resins & other vegetable extracts, making it the 109th largest exporter of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 85th most exported product in Kuwait. The main destination of Natural gums, resins & other vegetable extracts exports from Kuwait are: Saudi Arabia ($511k), Qatar ($56.2k), India ($1.05k), Bahrain ($797), and Oman ($208).

The fastest growing export markets for Natural gums, resins & other vegetable extracts of Kuwait between 2021 and 2022 were Saudi Arabia ($462k), Qatar ($34.3k), and Denmark ($57).

Imports In 2022, Kuwait imported $20M in Natural gums, resins & other vegetable extracts, becoming the 58th largest importer of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 75th most imported product in Kuwait. Kuwait imports Natural gums, resins & other vegetable extracts primarily from: Saudi Arabia ($5.29M), Jordan ($4.01M), United States ($3.07M), Egypt ($2.51M), and United Arab Emirates ($2.03M).

The fastest growing import markets in Natural gums, resins & other vegetable extracts for Kuwait between 2021 and 2022 were Saudi Arabia ($4.63M), Jordan ($3.06M), and United States ($2.06M).

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 Natural gums, resins & other vegetable extracts. 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)$569k
IMPORTS (2022)$20M
NET TRADE (2022)-$19.4M

In 2022, Kuwait exported $569k in Natural gums, resins & other vegetable extracts. The main destinations of Kuwait exports on Natural gums, resins & other vegetable extracts were Saudi Arabia ($511k), Qatar ($56.2k), India ($1.05k), Bahrain ($797), and Oman ($208).

In 2022, Kuwait imported $20M in Natural gums, resins & other vegetable extracts, mainly from Saudi Arabia ($5.29M), Jordan ($4.01M), United States ($3.07M), Egypt ($2.51M), and United Arab Emirates ($2.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural gums, resins & other vegetable extracts EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Saudi Arabia$462k (941%)
Qatar$34.3k (157%)
Denmark$57 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural gums, resins & other vegetable extracts BY Kuwait WERE (2021 - 2022):
India-$22.6k (-95.6%)
Canada-$4.09k (-99.9%)
Australia-$1.73k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Natural gums, resins & other vegetable extracts were:
China $2.24B
India $1.18B
Spain $920M
In 2022, Kuwait's main importing competitors in Natural gums, resins & other vegetable extracts were:

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Trade Value of Natural gums, resins & other vegetable extracts by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $7.4k
TOP IMPORT POTENTIALIndia+ $692k

Natural gums, resins & other vegetable extracts’s highest export potential is India. With an export gap of $7.4k.   Natural gums, resins & other vegetable extracts’s highest import potential is India with an import gap of $692k.

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