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 2.7 USD bn in Sep 2024, compared with a surplus of 3.0 USD bn in the previous month
  • Kuwait's Trade Balance data is updated monthly, available from Jan 1993 to Sep 2024, with an averaged value of 1.3 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 5.9 USD bn in Sep 2024, a decrease of 10.2% YoY (year-on-year)
  • Total Imports recorded 3.1 USD bn in Sep 2024, an increase of 10.2% YoY (year-on-year)

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

Kuwait Trade Balance

What was Kuwait's Trade Balance in Sep 2024?

Kuwait's Trade Balance recorded a surplus of 2.7 USD bn in Sep 2024, compared with a surplus of 3.0 USD bn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
2,745.4 Sep 2024 2,975.2 Aug 2024 -429.3 Apr 2020 9,690.7 Mar 2012 USD mn monthly Jan 1993 - Sep 2024

Trade Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) -568.9 Dec 2024 monthly Oct 1998 - Dec 2024
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 1,017.6 Dec 2024 monthly Jan 1991 - Dec 2024
Armenia (USD mn) -374.1 Dec 2024 monthly Nov 1995 - Dec 2024
Australia (USD mn) 3,220.8 Dec 2024 monthly Jul 1971 - Dec 2024
Austria (USD mn) -201.5 Nov 2024 monthly Jan 1957 - Nov 2024
Azerbaijan (USD mn) -700.0 Dec 2024 monthly Jan 2000 - Dec 2024
Bahrain (USD mn) 4,501.7 2023 yearly 1966 - 2023
Bangladesh (USD mn) -1,555.5 Nov 2024 monthly Jul 1986 - Nov 2024
Belarus (USD mn) -360.8 Nov 2024 monthly Jan 2000 - Nov 2024
Belgium (USD mn) 583.0 Nov 2024 monthly Jan 1993 - Nov 2024
Bolivia (USD mn) -46.9 Nov 2024 monthly Oct 1994 - Nov 2024
Bosnia and Herzegovina (USD mn) -571.8 Dec 2024 monthly Jan 2000 - Dec 2024
Botswana (USD mn) -502.7 Nov 2024 monthly Jan 2001 - Nov 2024
Brazil (USD mn) 4,803.3 Dec 2024 monthly Jan 1959 - Dec 2024
Brunei (USD mn) 321.0 Nov 2024 monthly Jan 2010 - Nov 2024
Bulgaria (USD mn) -969.8 Nov 2024 monthly Jan 1995 - Nov 2024
Cambodia (USD mn) -289.8 Dec 2024 monthly Jun 2013 - Dec 2024
Canada (USD mn) 497.1 Dec 2024 monthly Jan 1988 - Dec 2024
Chile (USD mn) 3,376.5 Jan 2025 monthly Jan 1968 - Jan 2025
China (USD mn) 104,837.9 Dec 2024 monthly Jan 1992 - Dec 2024
Colombia (USD mn) -1,178.2 Dec 2024 monthly Jan 1958 - Dec 2024
Croatia (USD mn) -1,379.3 Nov 2024 monthly Jan 1993 - Nov 2024
Cyprus (USD mn) -659.7 Sep 2024 monthly Jan 1957 - Sep 2024
Czech Republic (USD mn) 2,310.1 Dec 2024 monthly Jan 1996 - Dec 2024
Denmark (USD mn) 3,687.6 Nov 2024 monthly Jan 1997 - Nov 2024
Ecuador (USD mn) 487.9 Nov 2024 monthly Mar 1992 - Nov 2024
Egypt (USD mn) -4,151.0 Dec 2024 monthly Jan 1957 - Dec 2024
Estonia (USD mn) -175.9 Nov 2024 monthly Jan 1993 - Nov 2024
European Union (USD mn) 11,366.9 Nov 2024 monthly Jan 2002 - Nov 2024
Finland (USD mn) 138.1 Nov 2024 monthly Jan 1992 - Nov 2024
France (USD mn) -4,089.3 Dec 2024 monthly Jan 2000 - Dec 2024
Georgia (USD mn) -1,106.1 Dec 2024 monthly Jan 1995 - Dec 2024
Germany (USD mn) 21,677.0 Dec 2024 monthly Jan 1957 - Dec 2024
Ghana (USD mn) 542.1 Oct 2024 monthly Mar 2005 - Oct 2024
Greece (USD mn) -3,240.7 Dec 2024 monthly Jan 2002 - Dec 2024
Hong Kong SAR, China (USD mn) -4,437.8 Dec 2024 monthly Jan 1957 - Dec 2024
Hungary (USD mn) 405.4 Dec 2024 monthly Jan 1976 - Dec 2024
Iceland (USD mn) -147.7 Jan 2025 monthly Jan 1957 - Jan 2025
India (USD mn) -21,940.0 Dec 2024 monthly Jan 1957 - Dec 2024
Indonesia (USD mn) 3,451.8 Jan 2025 monthly Jan 1967 - Jan 2025
Iran (USD mn) 31,327.0 2023 yearly 1948 - 2023
Ireland (USD mn) 10,843.5 Oct 2024 monthly Jan 1970 - Oct 2024
Israel (USD mn) -4,294.9 Dec 2024 monthly Jan 1988 - Dec 2024
Italy (USD mn) 4,085.9 Nov 2024 monthly Jan 1993 - Nov 2024
Ivory Coast (USD mn) 212.9 Oct 2024 monthly Jan 1981 - Oct 2024
Japan (USD mn) -214.3 Dec 2024 monthly Apr 1995 - Dec 2024
Jordan (USD mn) -1,236.9 Nov 2024 monthly Jan 1972 - Nov 2024
Kazakhstan (USD mn) 243.3 Nov 2024 monthly Sep 1995 - Nov 2024
Kenya (USD mn) -1,095.4 Nov 2024 monthly Oct 1992 - Nov 2024
South Korea (USD mn) -1,887.0 Jan 2025 monthly Jan 1966 - Jan 2025
Kosovo (USD mn) -492.9 Dec 2024 monthly Jan 2003 - Dec 2024
Kuwait (USD mn) 2,745.4 Sep 2024 monthly Jan 1993 - Sep 2024
Kyrgyzstan (USD mn) -538.2 Nov 2024 monthly Jan 2002 - Nov 2024
Laos (USD mn) 178.6 Sep 2024 quarterly Dec 1992 - Sep 2024
Latvia (USD mn) -132.6 Nov 2024 monthly Jan 1995 - Nov 2024
Lebanon (USD mn) -1,062.6 Dec 2023 monthly Jan 1993 - Dec 2023
Lithuania (USD mn) -682.6 Dec 2024 monthly Jan 1999 - Dec 2024
Luxembourg (USD mn) -767.9 Nov 2024 monthly Jan 1988 - Nov 2024
Macau SAR, China (USD mn) -1,257.9 Dec 2024 monthly Jan 1998 - Dec 2024
North Macedonia (USD mn) -388.4 Dec 2024 monthly Dec 1993 - Dec 2024
Malawi (USD mn) -152.1 Nov 2024 monthly Jan 1964 - Nov 2024
Malaysia (USD mn) 3,061.5 Dec 2024 monthly Jan 1990 - Dec 2024
Malta (USD mn) -144.7 Nov 2024 monthly Jan 1960 - Nov 2024
Mauritius (USD mn) -399.2 Nov 2024 monthly Jan 2006 - Nov 2024
Mexico (USD mn) -684.1 Dec 2024 monthly Jan 1993 - Dec 2024
Moldova (USD mn) -575.5 Dec 2024 monthly Jan 1992 - Dec 2024
Mongolia (USD mn) 159.3 Dec 2024 monthly Jan 1997 - Dec 2024
Montenegro (USD mn) -297.4 Dec 2024 monthly Jan 2005 - Dec 2024
Morocco (USD mn) -3,067.2 Dec 2024 monthly Jan 1957 - Dec 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) -992.9 Jan 2025 monthly Aug 1974 - Jan 2025
Netherlands (USD mn) 10,772.5 Dec 2024 monthly Jan 1996 - Dec 2024
New Zealand (USD mn) 125.7 Dec 2024 monthly Jan 1960 - Dec 2024
Nigeria (USD mn) 1,027.6 Sep 2024 monthly Jan 2003 - Sep 2024
Norway (USD mn) 7,413.9 Dec 2024 monthly Jan 1957 - Dec 2024
Oman (USD mn) 1,456.4 Nov 2024 monthly Jan 1975 - Nov 2024
Pakistan (USD mn) -2,475.2 Dec 2024 monthly Jan 1968 - Dec 2024
Palestinian Territory (USD mn) -364.2 Nov 2024 monthly Jan 2011 - Nov 2024
Panama (USD mn) -994.3 Nov 2024 monthly Jan 1964 - Nov 2024
Paraguay (USD mn) -368.8 Dec 2024 monthly Jan 1994 - Dec 2024
Peru (USD mn) 2,424.4 Nov 2024 monthly Jan 1985 - Nov 2024
Philippines (USD mn) -4,135.8 Dec 2024 monthly Jan 1957 - Dec 2024
Poland (USD mn) -1,121.7 Nov 2024 monthly Jan 1986 - Nov 2024
Portugal (USD mn) -2,657.5 Nov 2024 monthly Jan 1957 - Nov 2024
Qatar (USD mn) 5,062.9 Dec 2024 monthly Jan 2014 - Dec 2024
Romania (USD mn) -3,013.9 Nov 2024 monthly Aug 1990 - Nov 2024
Russia (USD mn) 9,758.0 Oct 2024 monthly Jan 1998 - Oct 2024
Saudi Arabia (USD mn) 113,078.6 2023 yearly 1957 - 2023
Serbia (USD mn) -1,340.6 Dec 2024 monthly Jan 2001 - Dec 2024
Singapore (USD mn) 2,854.2 Dec 2024 monthly Jan 1976 - Dec 2024
Slovakia (USD mn) -733.6 Dec 2024 monthly Jan 2004 - Dec 2024
Slovenia (USD mn) -924.0 Dec 2024 monthly Nov 1991 - Dec 2024
South Africa (USD mn) 848.6 Dec 2024 monthly Oct 2004 - Dec 2024
Spain (USD mn) -5,923.4 Nov 2024 monthly Dec 1974 - Nov 2024
Sri Lanka (USD mn) -822.7 Dec 2024 monthly Jan 1982 - Dec 2024
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) 564.4 Dec 2024 monthly Jan 1957 - Dec 2024
Switzerland (USD mn) 3,564.9 Dec 2024 monthly Jan 1957 - Dec 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) 162.3 Dec 2024 monthly Dec 1993 - Dec 2024
Government Debt: % of GDP (%) 0.3 Jun 2024 quarterly Dec 2010 - Jun 2024
Forecast: Government Expenditure (KWD bn) 27.335 2029 yearly 1985 - 2029
Forecast: Government Net Debt (KWD bn) 14.007 2029 yearly 1991 - 2029
Forecast: Government Revenue (KWD bn) 40.250 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) 336.796 Sep 2024 monthly Apr 2018 - Sep 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) 9,630.195 Sep 2024 monthly Apr 2018 - Sep 2024
Government Expenditure: ytd (KWD mn) 9,966.991 Sep 2024 monthly Apr 2018 - Sep 2024
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 Expenditure (KWD mn) 18,245.900 2016 yearly 1989 - 2016
Government Surplus/Deficit (KWD mn) -1,561.505 2024 yearly 1989 - 2024
Public Debt (KWD mn) 50.000 Dec 2024 monthly Dec 1993 - Dec 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.994 2028 yearly 1980 - 2028
Trade Balance (USD mn) 2,745.4 Sep 2024 monthly Jan 1993 - Sep 2024
Total Exports (USD mn) 5,865.0 Sep 2024 monthly Jan 1993 - Sep 2024
Total Exports Growth (%) -24.3 Sep 2024 monthly Jan 1994 - Sep 2024
Aluminum: Exports (USD th) 56,120.447 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 280,728.170 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 13,928.974 2023 yearly 1995 - 2023
Total Imports (USD mn) 3,119.6 Sep 2024 monthly Jan 1992 - Sep 2024
Total Imports Growth (%) 10.2 Sep 2024 monthly Jan 1993 - Sep 2024
Imports: Medicament (USD th) 1,224,246.807 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 638,823.973 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 6.127 Oct 2024 monthly Sep 1991 - Oct 2024
Total Imports from USA (USD mn) 261.412 Sep 2024 monthly Jan 2017 - Sep 2024
Total Exports to China (USD mn) 72.137 Sep 2024 monthly Jan 2017 - Sep 2024
Total Imports from China (USD mn) 615.853 Sep 2024 monthly Jan 2017 - Sep 2024
Trade Balance: Quarterly (KWD mn) 2,789.603 Dec 2018 quarterly Mar 1973 - Dec 2018
Exports: FOB: Growth Rate: YoY (%) -24.316 Sep 2024 monthly Apr 2020 - Sep 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) 3,461.4 Sep 2024 quarterly Mar 2012 - Sep 2024
Current Account Balance (USD mn) 12,143.8 Sep 2024 quarterly Mar 2012 - Sep 2024
Current Account Balance: % of GDP (%) 31.0 Sep 2024 quarterly Mar 2012 - Sep 2024
Foreign Direct Investment (USD mn) 253.8 Sep 2024 quarterly Mar 2012 - Sep 2024
Foreign Direct Investment: % of GDP (%) 0.6 Sep 2024 quarterly Mar 2012 - Sep 2024
Foreign Portfolio Investment (USD mn) 1.965 Sep 2024 quarterly Mar 2012 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 0.0 Sep 2024 quarterly Mar 2012 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 300.6 Sep 2024 quarterly Mar 2012 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -298.682 Sep 2024 quarterly Mar 2012 - Sep 2024
External Debt (USD mn) 62,095.2 Sep 2024 quarterly Mar 2018 - Sep 2024
External Debt: % of GDP (%) 39.4 2023 yearly 2014 - 2023
Forecast: Current Account Balance (USD bn) 25.453 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 113,840.261 2023 yearly 2001 - 2023
BoP: FA: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) 448.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: OT: Assets (KWD mn) -2,795.000 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: CA: Primary Income: Debit (KWD mn) 0.000 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: Capital Account: Debit (KWD mn) 5.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: 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: FA: OT: Liabilities (KWD mn) 1,389.000 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 Sep 2024 quarterly Mar 2011 - Sep 2024
Household Debt: % of GDP (%) 0.9 Sep 2024 quarterly Dec 2010 - Sep 2024
Money Supply M1 (USD mn) 33,798.767 Dec 2024 monthly Jan 1994 - Dec 2024
Money Supply M2 (USD mn) 131,886.076 Dec 2024 monthly Jan 1994 - Dec 2024
M2 Growth (%) 4.3 Dec 2024 monthly Jan 1995 - Dec 2024
Foreign Exchange Reserves (USD mn) 41,208.8 Nov 2024 monthly Jan 1964 - Nov 2024
Foreign Exchange Reserves: % of GDP (%) 25.562 Jun 2024 quarterly Dec 2010 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 13.3 Sep 2024 quarterly Mar 1973 - Sep 2024
Gold Reserves (USD mn) 102.889 Dec 2024 monthly Dec 1961 - Dec 2024
Total Deposits (USD mn) 174,693.281 Dec 2024 monthly Jan 1994 - Dec 2024
Total Deposits Growth (%) 1.5 Dec 2024 monthly Jan 1995 - Dec 2024
Domestic Credit (USD mn) 132,952.6 Dec 2024 monthly Jan 1994 - Dec 2024
Domestic Credit Growth (%) 4.7 Dec 2024 monthly Jan 1995 - Dec 2024
Household Debt (USD mn) 1,495.3 Dec 2024 monthly Jan 2002 - Dec 2024
Total Loans (USD mn) 185,576.112 Dec 2024 monthly Jan 1994 - Dec 2024
Total Loans Growth (%) 6.76 Dec 2024 monthly Jan 1995 - Dec 2024
Private Debt: % of Nominal GDP (%) 104.60 Jun 2024 quarterly Dec 2010 - Jun 2024
Money Supply: M3: M2: M1: Currency in Circulation (KWD mn) 1,640.600 Dec 2024 monthly Jan 1994 - Dec 2024
Monetary Survey: CBK and Local Banks: Money Supply M2: M1 (KWD mn) 10,413.400 Dec 2024 monthly Jan 1994 - Dec 2024
Money Supply: M3 (KWD mn) 40,634.100 Dec 2024 monthly Jan 1994 - Dec 2024
Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) 40,634.100 Dec 2024 monthly Jan 1994 - Dec 2024
Local Banks Time Deposits (KWD mn) 66,849.000 Dec 2024 monthly Jan 1994 - Dec 2024

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