Kuwait Trade Balance

1993 - 2024 | Monthly | USD mn | CEIC Data

Key information about Kuwait's Trade Balance

  • Kuwait's Trade Balance recorded a surplus of 3.5 USD bn in Jun 2024, compared with a surplus of 3.2 USD bn in the previous month
  • Kuwait's Trade Balance data is updated monthly, available from Jan 1993 to Jun 2024, with an averaged value of 1.2 USD bn
  • The data reached an all-time high of 9.7 USD bn in Mar 2012 and a record low of -429.3 USD mn in Apr 2020
CEIC converts monthly Trade Balance into USD. The Central Statistical Bureau provides Trade Balance in local currency. The Central Bank of Kuwait average market exchange rate is used for currency conversions.

Further information about Kuwait's Trade Balance

  • In the latest reports, Kuwait's Total Exports reached 6.4 USD bn in Jun 2024, a decrease of 2.5% YoY (year-on-year)
  • Total Imports recorded 2.9 USD bn in Jun 2024, an increase of 2.5% YoY (year-on-year)

View Kuwait's Trade Balance from Jan 1993 to Jun 2024 in the chart:

Kuwait Trade Balance

What was Kuwait's Trade Balance in Jun 2024?

Kuwait's Trade Balance recorded a surplus of 3.5 USD bn in Jun 2024, compared with a surplus of 3.2 USD bn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
3,536.5 Jun 2024 3,155.7 May 2024 -429.3 Apr 2020 9,690.7 Mar 2012 USD mn monthly Jan 1993 - Jun 2024

Trade Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) -513.9 Aug 2024 monthly Oct 1998 - Aug 2024
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 1,907.3 Aug 2024 monthly Jan 1991 - Aug 2024
Armenia (USD mn) -263.7 Aug 2024 monthly Nov 1995 - Aug 2024
Australia (USD mn) 4,009.8 Jul 2024 monthly Jul 1971 - Jul 2024
Austria (USD mn) 525.7 Jun 2024 monthly Jan 1957 - Jun 2024
Azerbaijan (USD mn) 162.0 Aug 2024 monthly Jan 2000 - Aug 2024
Bahrain (USD mn) 4,501.7 2023 yearly 1966 - 2023
Bangladesh (USD mn) -1,386.9 Jul 2024 monthly Jul 1986 - Jul 2024
Belarus (USD mn) -210.6 Jul 2024 monthly Jan 2000 - Jul 2024
Belgium (USD mn) 3,259.1 May 2024 monthly Jan 1993 - May 2024
Bolivia (USD mn) 47.9 Aug 2024 monthly Oct 1994 - Aug 2024
Bosnia and Herzegovina (USD mn) -597.0 Aug 2024 monthly Jan 2000 - Aug 2024
Botswana (USD mn) -310.1 Jul 2024 monthly Jan 2001 - Jul 2024
Brazil (USD mn) 4,828.2 Aug 2024 monthly Jan 1959 - Aug 2024
Brunei (USD mn) 282.7 Jul 2024 monthly Jan 2010 - Jul 2024
Bulgaria (USD mn) -436.8 Jul 2024 monthly Jan 1995 - Jul 2024
Cambodia (USD mn) 430.1 Aug 2024 monthly Jun 2013 - Aug 2024
Canada (USD mn) 498.8 Jul 2024 monthly Jan 1988 - Jul 2024
Chile (USD mn) 1,132.2 Aug 2024 monthly Jan 1968 - Aug 2024
China (USD mn) 91,021.6 Aug 2024 monthly Jan 1992 - Aug 2024
Colombia (USD mn) -962.8 Jul 2024 monthly Jan 1958 - Jul 2024
Croatia (USD mn) -1,753.7 Jun 2024 monthly Jan 1993 - Jun 2024
Cyprus (USD mn) -782.6 Jul 2024 monthly Jan 1957 - Jul 2024
Czech Republic (USD mn) 1,165.9 Jul 2024 monthly Jan 1996 - Jul 2024
Denmark (USD mn) 4,378.0 Jul 2024 monthly Jan 1997 - Jul 2024
Ecuador (USD mn) 511.2 Jul 2024 monthly Mar 1992 - Jul 2024
Egypt (USD mn) -4,601.0 Jul 2024 monthly Jan 1957 - Jul 2024
Estonia (USD mn) -348.1 Jul 2024 monthly Jan 1993 - Jul 2024
European Union (USD mn) 16,314.3 Jun 2024 monthly Jan 2002 - Jun 2024
Finland (USD mn) -103.5 Jan 2024 monthly Jan 1992 - Jan 2024
France (USD mn) -6,382.4 Jul 2024 monthly Jan 2000 - Jul 2024
Georgia (USD mn) -702.4 Aug 2024 monthly Jan 1995 - Aug 2024
Germany (USD mn) 18,385.7 Jul 2024 monthly Jan 1957 - Jul 2024
Ghana (USD mn) 406.2 Jun 2024 monthly Mar 2005 - Jun 2024
Greece (USD mn) -2,936.2 Jul 2024 monthly Jan 2002 - Jul 2024
Hong Kong SAR, China (USD mn) -4,249.6 Aug 2024 monthly Jan 1957 - Aug 2024
Hungary (USD mn) 1,208.9 Jun 2024 monthly Jan 1976 - Jun 2024
Iceland (USD mn) -196.8 Aug 2024 monthly Jan 1957 - Aug 2024
India (USD mn) -29,650.0 Aug 2024 monthly Jan 1957 - Aug 2024
Indonesia (USD mn) 499.7 Jul 2024 monthly Jan 1967 - Jul 2024
Iran (USD mn) 32,176.0 2023 yearly 1948 - 2023
Ireland (USD mn) 7,654.7 May 2024 monthly Jan 1970 - May 2024
Israel (USD mn) -1,645.4 Aug 2024 monthly Jan 1988 - Aug 2024
Italy (USD mn) 4,794.9 Jun 2024 monthly Jan 1993 - Jun 2024
Ivory Coast (USD mn) 2,358.4 Jun 2024 monthly Jan 1981 - Jun 2024
Japan (USD mn) -4,073.8 Aug 2024 monthly Apr 1995 - Aug 2024
Jordan (USD mn) -1,320.4 Jul 2024 monthly Jan 1972 - Jul 2024
Kazakhstan (USD mn) 1,782.9 May 2024 monthly Sep 1995 - May 2024
Kenya (USD mn) -887.7 May 2024 monthly Oct 1992 - May 2024
South Korea (USD mn) 6,658.0 Sep 2024 monthly Jan 1966 - Sep 2024
Kosovo (USD mn) -549.3 Aug 2024 monthly Jan 2003 - Aug 2024
Kuwait (USD mn) 3,536.5 Jun 2024 monthly Jan 1993 - Jun 2024
Kyrgyzstan (USD mn) -624.9 Jun 2024 monthly Jan 2002 - Jun 2024
Laos (USD mn) -170.9 Dec 2023 quarterly Dec 1992 - Dec 2023
Latvia (USD mn) -550.4 Jul 2024 monthly Jan 1995 - Jul 2024
Lebanon (USD mn) -1,062.6 Dec 2023 monthly Jan 1993 - Dec 2023
Lithuania (USD mn) -397.3 Jul 2024 monthly Jan 1999 - Jul 2024
Luxembourg (USD mn) -835.7 Jul 2024 monthly Jan 1988 - Jul 2024
Macau SAR, China (USD mn) -1,153.0 Aug 2024 monthly Jan 1998 - Aug 2024
North Macedonia (USD mn) -332.8 Jul 2024 monthly Dec 1993 - Jul 2024
Malawi (USD mn) -194.6 Mar 2024 monthly Jan 1964 - Mar 2024
Malaysia (USD mn) 2,216.2 Aug 2024 monthly Jan 1990 - Aug 2024
Malta (USD mn) -544.6 Jul 2024 monthly Jan 1960 - Jul 2024
Mauritius (USD mn) -369.3 Jul 2024 monthly Jan 2006 - Jul 2024
Mexico (USD mn) -2,565.3 Aug 2024 monthly Jan 1993 - Aug 2024
Moldova (USD mn) -503.5 Jul 2024 monthly Jan 1992 - Jul 2024
Mongolia (USD mn) 344.2 Jul 2024 monthly Jan 1997 - Jul 2024
Montenegro (USD mn) -346.5 Aug 2024 monthly Jan 2005 - Aug 2024
Morocco (USD mn) -2,995.1 Jul 2024 monthly Jan 1957 - Jul 2024
Mozambique (USD mn) 106.5 Jun 2024 monthly Jan 2011 - Jun 2024
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -944.3 Jul 2024 monthly Aug 1974 - Jul 2024
Netherlands (USD mn) 11,648.6 Jul 2024 monthly Jan 1996 - Jul 2024
New Zealand (USD mn) -1,341.2 Aug 2024 monthly Jan 1960 - Aug 2024
Nigeria (USD mn) 2,786.0 Jun 2024 monthly Jan 2003 - Jun 2024
Norway (USD mn) 5,459.0 May 2024 monthly Jan 1957 - May 2024
Oman (USD mn) 1,680.0 Jul 2024 monthly Jan 1975 - Jul 2024
Pakistan (USD mn) -1,675.0 Aug 2024 monthly Jan 1968 - Aug 2024
Palestinian Territory (USD mn) -484.2 Jul 2024 monthly Jan 2011 - Jul 2024
Panama (USD mn) -1,146.3 Jul 2024 monthly Jan 1964 - Jul 2024
Paraguay (USD mn) -57.0 Aug 2024 monthly Jan 1994 - Aug 2024
Peru (USD mn) 2,297.4 Jul 2024 monthly Jan 1985 - Jul 2024
Philippines (USD mn) -4,868.9 Jul 2024 monthly Jan 1957 - Jul 2024
Poland (USD mn) -838.2 Jul 2024 monthly Jan 1986 - Jul 2024
Portugal (USD mn) -2,261.3 Jul 2024 monthly Jan 1957 - Jul 2024
Qatar (USD mn) 5,531.0 Jul 2024 monthly Jan 2014 - Jul 2024
Romania (USD mn) -3,199.0 Jul 2024 monthly Aug 1990 - Jul 2024
Russia (USD mn) 11,220.7 Jul 2024 monthly Jan 1998 - Jul 2024
Saudi Arabia (USD mn) 113,078.6 2023 yearly 1957 - 2023
Serbia (USD mn) -1,070.3 Jul 2024 monthly Jan 2001 - Jul 2024
Singapore (USD mn) 4,820.3 Jul 2024 monthly Jan 1976 - Jul 2024
Slovakia (USD mn) 223.2 Jul 2024 monthly Jan 2004 - Jul 2024
Slovenia (USD mn) 347.6 Jul 2024 monthly Nov 1991 - Jul 2024
South Africa (USD mn) 312.1 Aug 2024 monthly Oct 2004 - Aug 2024
Spain (USD mn) -4,050.1 May 2024 monthly Jun 1974 - May 2024
Sri Lanka (USD mn) -429.6 Aug 2024 monthly Jan 1982 - Aug 2024
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) -510.1 Aug 2024 monthly Jan 1957 - Aug 2024
Switzerland (USD mn) 5,367.6 Aug 2024 monthly Jan 1957 - Aug 2024

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Kuwait Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.1 2023 yearly 1988 - 2023
Consolidated Fiscal Balance (USD mn) -5,077.511 2023 yearly 1988 - 2023
Tax Revenue (USD mn) 128.142 Dec 2015 monthly Sep 2003 - Dec 2015
Tax Revenue: % of GDP (%) 1.1 2023 yearly 1986 - 2023
National Government Debt (USD mn) 164.0 Aug 2024 monthly Dec 1993 - Aug 2024
Government Debt: % of GDP (%) 0.4 Mar 2024 quarterly Dec 2010 - Mar 2024
Forecast: Government Expenditure (KWD bn) 28.396 2028 yearly 1985 - 2028
Forecast: Government Net Debt (KWD bn) 14.118 2029 yearly 1991 - 2029
Forecast: Government Revenue (KWD bn) 42.514 2029 yearly 1985 - 2029
Government Fiscal Balance: ytd (KWD mn) -1,561.505 Mar 2024 monthly Apr 2018 - Mar 2024
Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) 550.910 Mar 2024 monthly Apr 2018 - Mar 2024
Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) 1,307.114 Mar 2024 monthly Apr 2018 - Mar 2024
Government Revenue: ytd: Non Oil (KWD mn) 2,116.770 Mar 2024 monthly Apr 2018 - Mar 2024
Government Revenue: ytd (KWD mn) 23,644.325 Mar 2024 monthly Apr 2018 - Mar 2024
Government Expenditure: ytd: Current (KWD mn) 23,898.716 Mar 2024 monthly Apr 2018 - Mar 2024
Government Expenditure: ytd (KWD mn) 25,205.830 Mar 2024 monthly Apr 2018 - Mar 2024
Government Expenditure (KWD mn) 18,245.900 2016 yearly 1989 - 2016
Government Revenue (KWD mn) 13,633.900 2016 yearly 1987 - 2016
Government Revenue: Tax (KWD mn) 486.000 2016 yearly 1987 - 2016
Government Expenditure: Current (KWD mn) 12,125.900 2016 yearly 1989 - 2016
Government Expenditure: Capital (KWD mn) 226.000 2016 yearly 1989 - 2016
Government Surplus/Deficit (KWD mn) -1,561.505 2024 yearly 1989 - 2024
Public Debt (KWD mn) 50.000 Aug 2024 monthly Dec 1993 - Aug 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.994 2028 yearly 1980 - 2028
Trade Balance (USD mn) 3,536.5 Jun 2024 monthly Jan 1993 - Jun 2024
Total Exports (USD mn) 6,435.2 Jun 2024 monthly Jan 1993 - Jun 2024
Total Exports Growth (%) -1.0 Jun 2024 monthly Jan 1994 - Jun 2024
Aluminum: Exports (USD th) 56,889.308 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 529,113.260 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 17,111.420 2022 yearly 1995 - 2022
Total Imports (USD mn) 2,898.7 Jun 2024 monthly Jan 1992 - Jun 2024
Total Imports Growth (%) 2.5 Jun 2024 monthly Jan 1993 - Jun 2024
Imports: Medicament (USD th) 1,144,894.403 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 442,329.808 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 4.918 Jun 2024 monthly Sep 1991 - Jun 2024
Total Imports from USA (USD mn) 217.582 Jun 2024 monthly Jan 2017 - Jun 2024
Total Exports to China (USD mn) 60.623 Apr 2024 monthly Jan 2017 - Apr 2024
Total Imports from China (USD mn) 522.637 Jun 2024 monthly Jan 2017 - Jun 2024
Trade Balance: Quarterly (KWD mn) 2,789.603 Dec 2018 quarterly Mar 1973 - Dec 2018
Exports: FOB: Growth Rate: YoY (%) -1.015 Jun 2024 monthly Apr 2020 - Jun 2024
Exports: SITC: Other Manufactured Articles (KWD mn) 36.800 Sep 2018 quarterly Sep 2014 - Sep 2018
Exports: SITC: Food and Live Animals (KWD mn) 39.900 Sep 2018 quarterly Sep 2014 - Sep 2018
Export Value Index (2015=100) 116.639 2021 yearly 1980 - 2021
Import Value Index (2015=100) 102.988 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,748.6 Mar 2024 quarterly Mar 2012 - Mar 2024
Current Account Balance (USD mn) 11,086.1 Mar 2024 quarterly Mar 2012 - Mar 2024
Current Account Balance: % of GDP (%) 27.6 Mar 2024 quarterly Mar 2012 - Mar 2024
Foreign Direct Investment (USD mn) 128.5 Mar 2024 quarterly Mar 2012 - Mar 2024
Foreign Direct Investment: % of GDP (%) 0.3 Mar 2024 quarterly Mar 2012 - Mar 2024
Foreign Portfolio Investment (USD mn) 13.987 Mar 2024 quarterly Mar 2012 - Mar 2024
Foreign Portfolio Investment: % of GDP (%) 0.0 Mar 2024 quarterly Mar 2012 - Mar 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 45.5 Mar 2024 quarterly Mar 2012 - Mar 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -31.551 Mar 2024 quarterly Mar 2012 - Mar 2024
External Debt (USD mn) 65,430.7 Mar 2024 quarterly Mar 2018 - Mar 2024
External Debt: % of GDP (%) 39.4 2023 yearly 2014 - 2023
Forecast: Current Account Balance (USD bn) 31.307 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 113,840.261 2023 yearly 2001 - 2023
BoP: FA: OT: Assets (KWD mn) -2,795.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: OT: Liabilities (KWD mn) 1,389.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) 448.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Other Investments (OT) (KWD mn) -1,407.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Capital Account: Debit (KWD mn) 5.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Assets (KWD mn) -1,260.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities (KWD mn) 10.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Primary Income: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Secondary Income: Credit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Net Errors and Omissions (KWD mn) 493.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Financial Derivatives: Liabilities (KWD mn) 40.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Financial Derivatives: Assets (KWD mn) -36.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities: Debt Instruments (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.7 Jun 2024 quarterly Mar 2011 - Jun 2024
Household Debt: % of GDP (%) 0.7 Mar 2024 quarterly Dec 2010 - Mar 2024
Money Supply M1 (USD mn) 33,821.194 Aug 2024 monthly Jan 1994 - Aug 2024
Money Supply M2 (USD mn) 131,979.987 Aug 2024 monthly Jan 1994 - Aug 2024
M2 Growth (%) 3.0 Aug 2024 monthly Jan 1995 - Aug 2024
Foreign Exchange Reserves (USD mn) 41,795.4 Jun 2024 monthly Jan 1964 - Jun 2024
Foreign Exchange Reserves: % of GDP (%) 26.120 Mar 2024 quarterly Dec 2010 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 13.8 Mar 2024 quarterly Mar 1973 - Mar 2024
Gold Reserves (USD mn) 104.003 Aug 2024 monthly Dec 1961 - Aug 2024
Total Deposits (USD mn) 163,970.472 Aug 2024 monthly Jan 1994 - Aug 2024
Total Deposits Growth (%) 5.1 Aug 2024 monthly Jan 1995 - Aug 2024
Domestic Credit (USD mn) 130,930.4 Aug 2024 monthly Jan 1994 - Aug 2024
Domestic Credit Growth (%) 3.1 Aug 2024 monthly Jan 1995 - Aug 2024
Household Debt (USD mn) 1,333.7 Aug 2024 monthly Jan 2002 - Aug 2024
Total Loans (USD mn) 181,810.039 Aug 2024 monthly Jan 1994 - Aug 2024
Total Loans Growth (%) 5.33 Aug 2024 monthly Jan 1995 - Aug 2024
Private Debt: % of Nominal GDP (%) 103.30 Mar 2024 quarterly Dec 2010 - Mar 2024
Money Supply: M3: M2: M1: Currency in Circulation (KWD mn) 1,550.000 Aug 2024 monthly Jan 1994 - Aug 2024
Money Supply: M3 (KWD mn) 40,227.500 Aug 2024 monthly Jan 1994 - Aug 2024
Monetary Survey: CBK and Local Banks: Money Supply M2: M1 (KWD mn) 10,308.700 Aug 2024 monthly Jan 1994 - Aug 2024
Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) 40,227.500 Aug 2024 monthly Jan 1994 - Aug 2024
Local Banks Time Deposits (KWD mn) 64,366.700 Aug 2024 monthly Jan 1994 - Aug 2024

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