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2022
Exports $552kWorld Rnk 62 / 123
Flag Rnk 435 / 947
2022
Destination $494k United Arab Emirates
2021 - 2022
FASTEST GROWING MARKET $494kUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Petroleum Resins1.53Rnk 46 / 1025
2022
Imports $3.89MWorld Rnk 80 / 197
Flag Rnk 641 / 1175
2022
Origin $378k China
2021 - 2022
FASTEST GROWING ORIGIN $378kSpain
2022
ECONOMIC COMPLEXITY of Kuwait0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $552k in Petroleum Resins, making it the 62nd largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 435th most exported product in Kuwait. The main destination of Petroleum Resins exports from Kuwait are: United Arab Emirates ($494k), Colombia ($36.9k), Saudi Arabia ($15.9k), and Qatar ($4.67k).

The fastest growing export markets for Petroleum Resins of Kuwait between 2021 and 2022 were United Arab Emirates ($494k), Colombia ($36.9k), and Saudi Arabia ($15.9k).

Imports In 2022, Kuwait imported $3.89M in Petroleum Resins, becoming the 80th largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 641st most imported product in Kuwait. Kuwait imports Petroleum Resins primarily from: China ($947k), Spain ($433k), Germany ($411k), United Kingdom ($353k), and United Arab Emirates ($304k).

The fastest growing import markets in Petroleum Resins for Kuwait between 2021 and 2022 were Spain ($378k), United Kingdom ($342k), and China ($310k).

Latest Trends

Sep 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 Petroleum Resins. 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)$552k
IMPORTS (2022)$3.89M
NET TRADE (2022)-$3.34M

In 2022, Kuwait exported $552k in Petroleum Resins. The main destinations of Kuwait exports on Petroleum Resins were United Arab Emirates ($494k), Colombia ($36.9k), Saudi Arabia ($15.9k), and Qatar ($4.67k).

In 2022, Kuwait imported $3.89M in Petroleum Resins, mainly from China ($947k), Spain ($433k), Germany ($411k), United Kingdom ($353k), and United Arab Emirates ($304k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
United Arab Emirates$494k (1%)
Colombia$36.9k (1%)
Saudi Arabia$15.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY Kuwait WERE (2021 - 2022):
United States-$117k (-100%)
Qatar-$32.8k (-87.5%)
Oman-$2.41k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Petroleum Resins were:
United States $1.31B
China $1.28B
Germany $1.24B
In 2022, Kuwait's main importing competitors in Petroleum Resins were:
China $901M
United States $662M
Germany $510M

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Trade Value of Petroleum Resins by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSaudi Arabia+ $35.1k
TOP IMPORT POTENTIALChina+ $497k

Petroleum Resins’s highest export potential is Saudi Arabia. With an export gap of $35.1k.   Petroleum Resins’s highest import potential is China with an import gap of $497k.

See methodology.

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