2022
Exports
$222kWorld Rnk 75 / 157
Flag Rnk 552 / 947
2022
PRODUCT COMPLEXITY IN Silicone
1.72Rnk 20 / 1025
2022
Imports
$5.89MWorld Rnk 76 / 215
Flag Rnk 576 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $222k in Silicone, making it the 75th largest exporter of Silicone in the world. At the same year, Silicone was the 552nd most exported product in Kuwait. The main destination of Silicone exports from Kuwait are: Qatar ($156k), Saudi Arabia ($49.8k), United Arab Emirates ($7.52k), Australia ($5.76k), and Bahrain ($2.74k).

The fastest growing export markets for Silicone of Kuwait between 2021 and 2022 were Qatar ($152k), Saudi Arabia ($37.6k), and Australia ($5.76k).

Imports In 2022, Kuwait imported $5.89M in Silicone, becoming the 76th largest importer of Silicone in the world. At the same year, Silicone was the 576th most imported product in Kuwait. Kuwait imports Silicone primarily from: China ($1.68M), Germany ($1.62M), India ($776k), Turkey ($629k), and Belgium ($213k).

The fastest growing import markets in Silicone for Kuwait between 2021 and 2022 were China ($1.51M), Germany ($1.21M), and Turkey ($625k).

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 Silicone. 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)$222k
IMPORTS (2022)$5.89M
NET TRADE (2022)-$5.67M

In 2022, Kuwait exported $222k in Silicone. The main destinations of Kuwait exports on Silicone were Qatar ($156k), Saudi Arabia ($49.8k), United Arab Emirates ($7.52k), Australia ($5.76k), and Bahrain ($2.74k).

In 2022, Kuwait imported $5.89M in Silicone, mainly from China ($1.68M), Germany ($1.62M), India ($776k), Turkey ($629k), and Belgium ($213k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Qatar$152k (4.39k%)
Saudi Arabia$37.6k (308%)
Australia$5.76k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Kuwait WERE (2021 - 2022):
United Arab Emirates-$40.1k (-84.2%)
India-$13.1k (-100%)
Oman-$2.19k (-70.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kuwait's main exporting competitors in Silicone were:
In 2022, Kuwait's main importing competitors in Silicone were:

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSaudi Arabia+ $27k
TOP IMPORT POTENTIALChina+ $566k

Silicone’s highest export potential is Saudi Arabia. With an export gap of $27k.   Silicone’s highest import potential is China with an import gap of $566k.

See methodology.

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