2022
Exports
$720kWorld Rnk 70 / 145
Flag Rnk 400 / 947
2022
PRODUCT COMPLEXITY IN Synthetic Rubber
0.49Rnk 369 / 1025
2022
Imports
$14.7MWorld Rnk 69 / 209
Flag Rnk 417 / 1175
2022
ECONOMIC COMPLEXITY of Kuwait
0.44Rnk 46 / 133

About

Exports In 2022, Kuwait exported $720k in Synthetic Rubber, making it the 70th largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 400th most exported product in Kuwait. The main destination of Synthetic Rubber exports from Kuwait are: Iraq ($518k), Saudi Arabia ($133k), Indonesia ($46k), Germany ($14.9k), and Yemen ($7.43k).

The fastest growing export markets for Synthetic Rubber of Kuwait between 2021 and 2022 were Iraq ($462k), Saudi Arabia ($132k), and Indonesia ($46k).

Imports In 2022, Kuwait imported $14.7M in Synthetic Rubber, becoming the 69th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 417th most imported product in Kuwait. Kuwait imports Synthetic Rubber primarily from: Saudi Arabia ($4.37M), China ($2.98M), United Arab Emirates ($1.76M), Germany ($1.59M), and United States ($1.26M).

The fastest growing import markets in Synthetic Rubber for Kuwait between 2021 and 2022 were Saudi Arabia ($3.23M), China ($1.78M), and United States ($1M).

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 Synthetic Rubber. 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)$720k
IMPORTS (2022)$14.7M
NET TRADE (2022)-$14M

In 2022, Kuwait exported $720k in Synthetic Rubber. The main destinations of Kuwait exports on Synthetic Rubber were Iraq ($518k), Saudi Arabia ($133k), Indonesia ($46k), Germany ($14.9k), and Yemen ($7.43k).

In 2022, Kuwait imported $14.7M in Synthetic Rubber, mainly from Saudi Arabia ($4.37M), China ($2.98M), United Arab Emirates ($1.76M), Germany ($1.59M), and United States ($1.26M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR Kuwait WERE (2021 - 2022):
Iraq$462k (835%)
Saudi Arabia$132k (46.4k%)
Indonesia$46k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Rubber BY Kuwait WERE (2021 - 2022):
United Arab Emirates-$105k (-98.9%)
Qatar-$490 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Synthetic Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSaudi Arabia+ $97.5k
TOP IMPORT POTENTIALSaudi Arabia+ $1.52M

Synthetic Rubber’s highest export potential is Saudi Arabia. With an export gap of $97.5k.   Synthetic Rubber’s highest import potential is Saudi Arabia with an import gap of $1.52M.

See methodology.

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