Kuwait: Trade balance, in dollars

* indicates monthly or quarterly data series
 Kuwait

Trade balance, billion USD

 Latest value 55.01
 Year 2022
 Measure billion U.S. dollars
 Data availability 1975 - 2022
 Average 15.74
 Min - Max -8.09 - 83.14
 Source The World Bank
For that indicator, we provide data for Kuwait from 1975 to 2022. The average value for Kuwait during that period was 15.74 billion U.S. dollars with a minimum of -8.09 billion U.S. dollars in 1991 and a maximum of 83.14 billion U.S. dollars in 2012. The latest value from 2022 is 55.01 billion U.S. dollars. For comparison, the world average in 2022 based on 153 countries is 3.66 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Kuwait - Trade balance, in dollars - recent values

Historical chart
Kuwait - Trade balance, in dollars - historical chart - 1975-2022




Definition: Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.


 Related indicators Latest value Reference Measure
 Terms of trade 124.96 2021 percent
 Trade openness 98.18 2019 percent
 Exports, percent of GDP 53.29 2019 percent
 Exports, billion dollars 72.58 2019 billion U.S. dollars
 Growth of exports -10.05 2019 percent
 Imports, percent of GDP 44.89 2019 percent
 Imports, billion dollars 61.14 2019 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 0.43 2022 percent
 Foreign Direct Investment, billion dollars 0.75 2022 billion U.S. dollars
 Portfolio investment inflows, equities 1,207.39 2022 million dollars (current)
 Current account, percent of GDP 4.58 2020 percent
 Current account, in dollars 63.08 2022 billion U.S. dollars
 Trade balance, percent of GDP 8.40 2019 percent
 Trade balance, in dollars 55.01 2022 billion U.S. dollars
 Reserves 52.46 2022 billion U.S. dollars
 Remittances, percent of GDP 0.01 2022 percent
 Net errors and omissions 633.07 2022 million USD
 Foreign exchange reserves 13.06 9/2023 billion
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