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    Direction of International Trade of Kuwait

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    saurabh chhadi
    Kuwait has a petroleum-based economy and is one of the richest countries per capita in the world. Imports and exports in Kuwait increased in 2018 from the previous year. Major imports to Kuwait include machinery, transport equipment, base metals, chemicals, and vegetables. Major exports include food, textiles, machinery, and metal products. While imports and exports fluctuated between 2013 and 2017, imports saw overall annual decline of 0.85% and exports saw a larger annual decline of 1.73% during this period.

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    Direction of International Trade of Kuwait

    Uploaded by

    saurabh chhadi
    50 views3 pages
    Kuwait has a petroleum-based economy and is one of the richest countries per capita in the world. Imports and exports in Kuwait increased in 2018 from the previous year. Major imports to Kuwait include machinery, transport equipment, base metals, chemicals, and vegetables. Major exports include food, textiles, machinery, and metal products. While imports and exports fluctuated between 2013 and 2017, imports saw overall annual decline of 0.85% and exports saw a larger annual decline of 1.73% during this period.

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    Kuwait has a petroleum-based economy and is one of the richest countries per capita in the world. Imports and exports in Kuwait increased in 2018 from the previous year. Major imports to Kuwait include machinery, transport equipment, base metals, chemicals, and vegetables. Major exports include food, textiles, machinery, and metal products. While imports and exports fluctuated between 2013 and 2017, imports saw overall annual decline of 0.85% and exports saw a larger annual decline of 1.73% during this period.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    50 views3 pages

    Direction of International Trade of Kuwait

    Uploaded by

    saurabh chhadi
    Kuwait has a petroleum-based economy and is one of the richest countries per capita in the world. Imports and exports in Kuwait increased in 2018 from the previous year. Major imports to Kuwait include machinery, transport equipment, base metals, chemicals, and vegetables. Major exports include food, textiles, machinery, and metal products. While imports and exports fluctuated between 2013 and 2017, imports saw overall annual decline of 0.85% and exports saw a larger annual decline of 1.73% during this period.

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    Direction of International trade of Kuwait

    Saurabh Kamalkumar Chhadi MBA-I E24

    [email protected]

    Kuwait is one of the most trade-oriented economies in the world. As a base for exporting,Kuwait
    has many advantages Kuwait is a small, petroleum-based economy. The Kuwaiti dinar is the
    highest-valued unit of currency in the world. Non-petroleum industries include financial
    services. According to the World Bank, Kuwait is the fourth richest country in the world per
    capita. Kuwait is the second richest GCC country per capita (after Qatar)..

    Imports in Kuwait increased to 2807 KWD Million in the third quarter of 2018 from 2712 KWD
    Million in the second quarter of 2018. Imports in Kuwait averaged 1320.33 KWD Million from 1993
    until 2018, reaching an all time high of 2807 KWD Million in the third quarter of 2018 and a record low
    of 440 KWD Million in the third quarter of 1994.

    Average Average

    IMPORTS Annual Annual


    EXPORTS
    YEAR Growth Rate Growth Rate
    (In Million$) (In Million$)
    of Imports of Exports
    2017 33729.7 9.12% 52521.7 7.39%

    2016 30997.5 -0.12% 43937.5 -1.13%

    2015 32126.8 -14% 56768.6 -13.49%

    2014 31710.3 2.26% 102924 -0.21%

    2013 29891.2 - 111276 -


    Compounded
    Annual
    Growth Rate -0.85% -1.73%
    Source: Bloomberg Inc.
    Source: Bloomberg Inc.

    Major items exported from India to Kuwait covered a broad range including food
    items, cereals, textiles, garments, electrical and engineering equipment, pressure vessel reactors,
    industrial valves, machinery and mechanical appliances, ceramic products, cars, trucks, buses,
    tyres, metal products, iron and steel, etc. kuwait imports more than 12 % and 10 % of its goods and
    services from united states and china respectively. And exports almost 26 % of the total exports to
    these two countries .The Kuwait imports mainly machinery, mechanical appliances, electrical
    equipment and electronics (24 percent of total imports); transport equipment (14 percent); base
    metals and articles thereof (12 percent); chemicals and related products (9 percent) and vegetables
    (6 percent). The imports and exports of kuwait have not changed a lot since the year 2013. There
    was a growth of 2.26% in imports in 2014 but the exports decreased by 0.21% in the same year.
    There was a significant decrease in imports and exports in the year 2015 as they decreased by 14%
    and 13.49% respectively. 2016 saw a further decline in both imports and exports but the change
    was not too significant. In the year 2017 the trade of Kuwait increased as the imports went from
    85512.9 million in 2016 to 93314 million which is a 9.12% increase. Similarly, the exports
    increased by 7.39% in the same year. The Compounded Annual Growth Rate of imports for the
    years 2013, 2014, 2015, 2016 and 2017 was -0.85% and the CAGR of exports for the same period
    was -1.73%.

    Tickers Used :- ECTR<Go> Trade Flows, ECWS<Go> World Economic Statistics, F11<Go>
    Currency

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