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Kuwait Trade (% GDP)

Kuwait's trade (% GDP) rose to 90.92% in 2022, up from 82% in 2021, according to World Bank. This represents an increase of 8.92% from the previous year. Kuwait has trade (% GDP) higher than the global median (90.92% vs median 84.49%). Compared with the median in Asia, Kuwait is higher (90.92% vs regional median 82.69%) and ranks 20th out of 45 countries in Asia.

Yearly Historical Data (1965-2022)

(in %)
Year Trade (% GDP)
2022 90.92%
2021 82%
2020 82.01%
2019 91.69%
2018 102.79%
2017 97.84%
2016 96.16%
2015 98.7%
2014 100.04%
2013 97.61%
2012 101.01%
2011 99.12%
2010 97.03%
2009 88.81%
2008 92.68%
2007 91.73%
2006 89.71%
2005 92.24%
2004 89.3%
2003 86.56%
2002 81.23%
2001 86.85%
2000 86.62%
1999 85.37%
1998 94.96%
1997 92.44%
1996 91.47%
1995 94.32%
1994 93.18%
1993 92.06%
1992 94.69%
1991 142.61%
1990 103.01%
1989 93.77%
1988 90.5%
1987 89.66%
1986 94.2%
1985 96.42%
1984 104.75%
1983 108.48%
1982 106.87%
1981 107.98%
1980 112.65%
1979 106.79%
1978 110.4%
1977 115.47%
1976 110.49%
1975 106.48%
1974 98.8%
1973 94.1%
1972 89.26%
1971 85.01%
1970 83.93%
1969 92.42%
1968 87.8%
1967 87.96%
1966 90.05%
1965 90.79%
Kuwait Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Kuwait divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $83.98B $99.78B 2023
Annual Imports $37.49B $35.93B 2023
Balance of Trade KWD 1.7B KWD 2.5B Jun'25
Exports KWD 5B KWD 5.7B Jun'25
Exports (% GDP) 60.45% 51.73% 2022
FDI Inflows (% GDP) 0.38% 1.28% 2024
Imports KWD 3.3B KWD 3.1B Jun'25
Imports (% GDP) 30.47% 30.27% 2022
Net Trade (Goods & Services, BoP) $28.19B $32.05B 2024
Tariff Rate 4.64% 3.86% 2022