Kuwait: Trade balance, in dollars

* indicates monthly or quarterly data series

Trade balance, billion USD

 Latest value 32.05
 Year 2023
 Measure billion U.S. dollars
 Data availability 1975 - 2023
 Average 16.07
 Min - Max -8.09 - 83.14
 Source The World Bank
For that indicator, we provide data for Kuwait from 1975 to 2023. The average value for Kuwait during that period was 16.07 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 2023 is 32.05 billion U.S. dollars. For comparison, the world average in 2023 based on 112 countries is 6.39 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 chart

Historical chart
Kuwait - Trade balance, in dollars - historical chart - 1975-2023

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.

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 Related indicators Latest value Reference Measure
 Terms of trade 124.96 2021 percent
 Trade openness 98.18 2019 percent
 Financial openness 1.034 2021 index points
 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 -374.81 2023 million dollars (current)
 Current account, percent of GDP 34.53 2022 percent
 Current account, in dollars 51.40 2023 billion U.S. dollars
 Trade balance, percent of GDP 8.40 2019 percent
 Trade balance, in dollars 32.05 2023 billion U.S. dollars
 Reserves 52.46 2022 billion U.S. dollars
 Remittances, percent of GDP 0.01 2022 percent
 Remittances 22.10 2022 million U.S. dollars
 Net errors and omissions -694.68 2023 million USD
 Foreign exchange reserves 13.06 9/2023 billion
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