Kuwait: Trade balance, in dollars
* indicates monthly or quarterly data series
| Kuwait |
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 |
The latest value from 2023 is 32.05 billion U.S. dollars, a decline from 55.01 billion U.S. dollars in 2022. In comparison, the world average is 6.39 billion U.S. dollars, based on data from 112 countries. Historically, the average for Kuwait from 1975 to 2023 is 16.07 billion U.S. dollars. The minimum value, -8.09 billion U.S. dollars, was reached in 1991 while the maximum of 83.14 billion U.S. dollars was recorded in 2012.
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* indicates monthly or quarterly data series
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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.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 124.96 | 2021 | percent |
| Trade openness | 96.41 | 2019 | percent |
| Financial openness | 1.034 | 2021 | index points |
| Exports, percent of GDP | 52.33 | 2019 | percent |
| Exports, billion dollars | 72.58 | 2019 | billion U.S. dollars |
| Growth of exports | -10.05 | 2019 | percent |
| Imports, percent of GDP | 44.08 | 2019 | percent |
| Imports, billion dollars | 61.14 | 2019 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.31 | 2023 | 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 | 31.40 | 2023 | percent |
| Current account, in dollars | 51.40 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 8.25 | 2019 | percent |
| Trade balance, in dollars | 32.05 | 2023 | billion U.S. dollars |
| Reserves | 52.62 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 0.01 | 2023 | percent |
| Remittances | 22.93 | 2023 | million U.S. dollars |
| Net errors and omissions | -694.68 | 2023 | million USD |
| Foreign exchange reserves | 12.93 | 9/2024 | billion |