Kuwait, the State of
Asia & Middle East
Trade in Kuwait, the State of
| The State of Kuwait was the world’s 42nd largest exporter of goods and 65th largest exporter of commercial services in 2022. Export values were $99.99 billion and $10.61 billion USD respectively. The State of Kuwait’s top export category was Fuels and mining products, followed by Manufactures, and Chemicals. In 2022, The State of Kuwait’s main export destination markets for goods and services trade were to Saudi Arabia, China and United Arab Emirates. In terms of imports, The State of Kuwait is the world’s 67th largest importer of goods and 39th largest importer of commercial services. Import values were $34.57 billion and $27.55 billion USD respectively in 2022. The State of Kuwait’s top import category was Manufactures, followed by Machinery and transport equipment and Transport equipment. Leading import partners were China, United States and United Arab Emirates. The State of Kuwait is part of 4 different Regional Trade Agreements, including EFTA – Gulf Cooperation Council (GCC) and Gulf Cooperation Council (GCC). |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
State of Kuwait |
Abbreviation |
KW |
Capital |
Kuwait City |
WTO Membership Date |
1 January 1995 |
Legal System |
mixed legal system consisting of English common law, French civil law, and Islamic sharia law |
Language |
Arabic |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Kuwaiti dinar |
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Exchange Rate |
Google Finance Currencies |
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GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Copyright Offices |
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Industrial Property Offices |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Links to other helpful resourcesThis section includes additional links to trade-related resources. |
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Trade Information Portal |
https://e.gov.kw/sites/kgoenglish/Pages/Business/InfoSubPages/InternationalTrade.aspx |
Last Reviewed: June, 2024
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