Kuwait Balance of Trade
Kuwait's trade surplus decreased by 32.8% from 2.55 billion KWD in Q1 2025 to 1.71 billion KWD in Q2 2025. This decline is the lowest surplus recorded since Q3 2021. The reduction stems from moderating global oil demand and slightly lower crude export prices. Non-oil imports also continued to rise. Future trade balances will likely be affected by expected increases in oil production following OPEC+ production cut unwinding. Kuwait's economy is approximately 95% reliant on oil exports. Kuwait's record low balance of trade was 90.1 million KWD in Q2 2020 and record high was 5.89 billion KWD in Q2 2022.
Quarterly Historical Data (2015-2025)
(in Billion KWD)Kuwait Balance of Trade : Definition
Kuwait's balance of trade represents the difference between the value of its exported goods and its imported goods, measured in Kuwaiti Dinar (KWD). It is calculated by subtracting the monetary value of imports from the monetary value of exports. A positive balance indicates a trade surplus while a negative balance shows a trade deficit, heavily influenced by oil export values.