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 4.81 billion U.S. dollars, based on data from 148 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. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


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

Historical series
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 Reference Measure
 Terms of trade 124.96 2021 percent
 Trade openness 90.70 2022 percent
 Financial openness 1.034 2021 index points
 Exports, percent of GDP 60.30 2022 percent
 Exports, billion dollars 110.92 2022 billion U.S. dollars
 Growth of exports -10.05 2019 percent
 Imports, percent of GDP 44.08 2019 percent
 Imports, billion dollars 55.91 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.31 2023 percent
 Foreign Direct Investment, billion dollars 2.11 2023 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 12.70 3/2025 billion
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