Kuwait - Trade Balance 2023
$32.1B
−$23.0B from 2022
Kuwait's trade balance was $32.1B in 2023, decreased +$23.0B from $55.0B in 2022. This was the 153rd highest globally.
Global Ranking - 2023▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | United States | $-797.3B | 16.9% |
| 2nd | India | $-76.2B | 36.2% |
| 3rd | Philippines | $-61.8B | 2.3% |
| 4th | Japan | $-61.0B | 61.5% |
| 5th | France | $-52.4B | 31.4% |
| 6th | United Kingdom | $-39.9B | -16.8% |
| 7th | Ukraine | $-37.9B | -41.7% |
| 8th | Mexico | $-25.9B | 39.8% |
| 9th | Pakistan | $-25.2B | 43.8% |
| 10th | Türkiye | $-21.2B | 36.7% |
| 11th | Bangladesh | $-20.4B | 44.6% |
| 12th | Uzbekistan | $-17.7B | -20.6% |
| 13th | Colombia | $-17.3B | 33.3% |
| 14th | Romania | $-17.0B | 16.9% |
| 15th | Guatemala | $-15.7B | 0.5% |
| 16th | Morocco | $-12.1B | 19.7% |
| 17th | Greece | $-11.6B | 44.7% |
| 18th | Nepal | $-11.3B | 22.8% |
| 19th | Kyrgyz Republic | $-8.9B | -78.3% |
| 20th | Egypt, Arab Republic of | $-8.9B | 72.7% |
| 21st | Dominican Republic | $-8.7B | 26.0% |
| 22nd | Lebanon | $-8.7B | 8.9% |
| 23rd | Honduras | $-8.3B | 5.5% |
| 24th | Kenya | $-7.9B | 17.7% |
| 25th | West Bank and Gaza | $-7.9B | 9.9% |
| 26th | Senegal | $-7.7B | -6.2% |
| 27th | New Zealand | $-7.6B | 43.4% |
| 28th | Iran, Islamic Republic of | $-7.1B | -175.8% |
| 29th | Jordan | $-6.8B | 26.7% |
| 30th | Argentina | $-6.7B | -207.6% |
| 31st | Somalia, Fed. Rep. | $-6.5B | -14.9% |
| 32nd | El Salvador | $-6.4B | 15.7% |
| 33rd | Afghanistan | $-5.8B | -11.0% |
| 34th | Uganda | $-4.9B | -3.7% |
| 35th | Haiti | $-4.0B | 10.0% |
| 36th | Moldova | $-4.0B | 7.8% |
| 37th | Tajikistan | $-3.8B | -9.1% |
| 38th | Serbia | $-3.5B | 49.3% |
| 39th | Bosnia and Herzegovina | $-3.2B | 2.6% |
| 40th | Kosovo | $-3.2B | -4.8% |
| 41st | Côte d'Ivoire | $-3.2B | -3.8% |
| 42nd | Mozambique | $-3.1B | 53.9% |
| 43rd | Tanzania | $-3.0B | 4.5% |
| 44th | Namibia | $-2.9B | -26.5% |
| 45th | Tunisia | $-2.9B | 51.7% |
| 46th | Malawi | $-2.7B | -2.5% |
| 47th | Georgia | $-2.7B | -9.0% |
| 48th | Bolivia, Plurinational State of | $-2.5B | -154.7% |
| 49th | Nicaragua | $-2.4B | 3.3% |
| 50th | Belgium | $-2.3B | 83.0% |
| 51st | Zimbabwe | $-2.2B | 30.5% |
| 52nd | Rwanda | $-2.1B | 1.0% |
| 53rd | North Macedonia | $-2.1B | 28.1% |
| 54th | Cameroon | $-2.0B | -74.3% |
| 55th | Mali | $-2.0B | 7.0% |
| 56th | Congo, Democratic Republic of | $-1.8B | 37.6% |
| 57th | Croatia | $-1.8B | 59.6% |
| 58th | Sri Lanka | $-1.8B | 31.6% |
| 59th | New Caledonia | $-1.7B | 8.5% |
| 60th | Guinea | $-1.7B | -155.8% |
| 61st | Mauritania | $-1.6B | 23.6% |
| 62nd | Latvia | $-1.6B | 15.7% |
| 63rd | French Polynesia | $-1.4B | 0.8% |
| 64th | Montenegro | $-1.4B | 1.4% |
| 65th | Mauritius | $-1.3B | 26.1% |
| 66th | Albania | $-1.3B | 33.9% |
| 67th | Lesotho | $-1.2B | -1.4% |
| 68th | Madagascar | $-1.1B | 22.0% |
| 69th | Burkina Faso | $-1.1B | -11.6% |
| 70th | Benin | $-916.0M | -91.1% |
| 71st | Timor-Leste | $-903.8M | -307.1% |
| 72nd | Sierra Leone | $-857.1M | -4.7% |
| 73rd | Botswana | $-835.4M | -378.6% |
| 74th | Bhutan | $-752.0M | 24.9% |
| 75th | Ghana | $-681.6M | -17.1% |
| 76th | Gambia, The | $-615.9M | -1.3% |
| 77th | Solomon Islands | $-431.0M | -58.2% |
| 78th | Cabo Verde | $-412.5M | 6.5% |
| 79th | Central African Republic | $-373.1M | 24.1% |
| 80th | Greenland | $-342.4M | 7.8% |
| 81st | Armenia | $-339.1M | -135.9% |
| 82nd | Comoros | $-331.4M | -10.7% |
| 83rd | Seychelles | $-306.5M | -58.4% |
| 84th | Guinea-Bissau | $-299.1M | 1.4% |
| 85th | Samoa | $-297.0M | 11.9% |
| 86th | Tonga | $-296.4M | -9.6% |
| 87th | Kiribati | $-276.4M | -10.7% |
| 88th | Micronesia, Federated States of | $-188.0M | 6.5% |
| 89th | Cambodia | $-178.4M | 69.4% |
| 90th | Palau | $-149.8M | 16.8% |
| 91st | Bahamas, The | $-141.5M | 38.9% |
| 92nd | Eswatini | $-125.8M | 26.0% |
| 93rd | Marshall Islands | $-109.1M | 12.9% |
| 94th | Sudan | $-102.7M | -144.8% |
| 95th | Nauru | $-86.4M | 5.1% |
| 96th | Maldives | $-83.6M | -143.7% |
| 97th | Faroe Islands | $41.5M | 1,102.9% |
| 98th | Finland | $67.0M | 101.2% |
| 99th | Belize | $105.6M | 238.3% |
| 100th | Niger | $156.6M | - |
| 101st | Ecuador | $162.5M | 561.7% |
| 102nd | Aruba | $221.7M | 581.1% |
| 103rd | Iceland | $280.9M | 121.7% |
| 104th | Belarus | $339.8M | -92.4% |
| 105th | Estonia | $396.7M | 225.5% |
| 106th | Djibouti | $607.4M | 5.1% |
| 107th | San Marino | $628.6M | 40.9% |
| 108th | Cyprus | $715.3M | -36.0% |
| 109th | Paraguay | $743.0M | 135.4% |
| 110th | Zambia | $951.5M | -70.6% |
| 111th | Equatorial Guinea | $1.5B | -56.0% |
| 112th | Canada | $1.5B | -88.2% |
| 113th | Mongolia | $2.0B | 284.3% |
| 114th | Chad | $2.1B | -24.6% |
| 115th | Slovak Republic | $2.1B | 131.1% |
| 116th | Hong Kong SAR, China | $2.2B | -84.8% |
| 117th | Bermuda | $2.3B | 15.3% |
| 118th | Panama | $2.4B | 23.7% |
| 119th | Brunei Darussalam | $2.5B | -42.0% |
| 120th | Uruguay | $2.6B | -33.9% |
| 121st | Congo, Republic of | $2.7B | -42.2% |
| 122nd | Chile | $3.0B | 125.1% |
| 123rd | Lithuania | $3.1B | 309.6% |
| 124th | South Africa | $3.2B | -63.7% |
| 125th | Portugal | $3.4B | 155.7% |
| 126th | Malta | $4.1B | 83.4% |
| 127th | Turkmenistan | $4.2B | -19.7% |
| 128th | Bulgaria | $4.2B | 316.6% |
| 129th | Costa Rica | $4.6B | 159.2% |
| 130th | Slovenia | $4.7B | 291.1% |
| 131st | Libya | $6.6B | -45.0% |
| 132nd | Puerto Rico (US) | $6.7B | -11.7% |
| 133rd | Gabon | $7.0B | -20.8% |
| 134th | Korea | $7.1B | 8,527.8% |
| 135th | Bahrain | $8.0B | -30.8% |
| 136th | Hungary | $8.7B | 190.2% |
| 137th | Peru | $9.3B | 931.1% |
| 138th | Austria | $9.4B | 374.2% |
| 139th | Algeria | $9.5B | -59.4% |
| 140th | Azerbaijan | $10.5B | -59.7% |
| 141st | Thailand | $10.7B | 201.7% |
| 142nd | Angola | $12.5B | -37.3% |
| 143rd | Israel | $14.5B | 29.9% |
| 144th | Sweden | $16.0B | 84.5% |
| 145th | Czechia | $17.0B | 595.8% |
| 146th | Oman | $17.8B | -22.1% |
| 147th | Macao SAR, China | $17.8B | 9,185.3% |
| 148th | Kazakhstan | $18.2B | -45.4% |
| 149th | Malaysia | $19.1B | -35.0% |
| 150th | Iraq | $26.4B | -54.8% |
| 151st | Luxembourg | $28.6B | 9.0% |
| 152nd | Indonesia | $29.8B | -36.3% |
| 153rd | Kuwait | $32.1B | -41.7% |
| 154th | Viet Nam | $35.2B | 131.0% |
| 155th | Italy | $36.0B | 194.2% |
| 156th | Denmark | $36.4B | -4.3% |
| 157th | Poland | $46.6B | 298.0% |
| 158th | Brazil | $49.8B | 472.6% |
| 159th | Spain | $62.1B | 388.5% |
| 160th | Norway | $74.7B | -55.9% |
| 161st | Australia | $75.6B | -14.7% |
| 162nd | United Arab Emirates | $76.6B | -18.5% |
| 163rd | Saudi Arabia | $77.0B | -59.0% |
| 164th | Russian Federation | $86.0B | -70.4% |
| 165th | Switzerland | $101.5B | -11.1% |
| 166th | Netherlands | $112.9B | 22.9% |
| 167th | Germany | $181.2B | 74.6% |
| 168th | Singapore | $189.2B | -6.8% |
| 169th | Ireland | $189.5B | -16.2% |
| 170th | China | $383.6B | -33.6% |
FAQ
What was Kuwait's trade balance in 2023?▾
Kuwait's trade balance in 2023 was $32.1B. This ranked 153rd globally.
How did Kuwait's trade balance change in 2023?▾
Kuwait's trade balance decreased by 41.7% in 2023 compared to 2022.
Which country had the highest trade balance in 2023?▾
China had the highest trade balance in 2023 at $383.6B.
What is the trade balance of Kuwait in 2023?▾
The trade balance of Kuwait in 2023 was $32.1B. This ranked 153rd globally.
What was Kuwait's trade balance in billion in 2023?▾
Kuwait's trade balance in 2023 was approximately 32.05 billion ($32.1B).
How does 2023 compare to 2022 for Kuwait's trade balance?▾
Kuwait's trade balance went from $55.0B in 2022 to $32.1B in 2023, a 41.7% decrease.
Related
2022
All years
Full ranking 2023
Exports
Imports
Current Account Balance
FDI Inflows
FDI Outflows
Peak: 2012
Lowest: 1991
Trade Balance 1990s
Trade Balance 2000s
Trade Balance 2010s
Trade Balance 2020s
Highest ever
Lowest ever
Average
vs Guyana
vs Portugal
vs Bahrain
vs New Caledonia
Organisation of Islamic Cooperation Trade Balance
OPEC Trade Balance
Gulf Cooperation Council Trade Balance
Global Ranking