Imports in Kuwait

Kuwait Imports | Economic News & Forecasts

Kuwait - Imports

Exports have grown rapidly in the first eight months of the year—especially between May and August—, powered by crude oil production increases in the second and third quarters and amid higher oil prices. Oil exports constitute around 90% of total exports, hence the economy is expected to have performed well in Q3. The outlook for the fourth quarter, however, is slightly less rosy after the U.S. temporarily granted sanction waivers to Iran’s biggest buyers and amid higher U.S. oil production, both of which will weigh on oil prices. Moreover, Kuwait’s oil output decreased in October, while OPEC is expected to impose production curbs at its 6 December meeting in efforts to stem the decline in prices.

Kuwait - Imports Data

2013  2014  2015  2016  2017  
Imports (USD billion)25.4  27.3  26.4  26.4  31.5  

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Kuwait Imports Chart

Kuwait Imports
Note: Imports (USD billion)
Source: Central Bank of Kuwait.

Kuwait Facts

Exchange Rate0.30-0.05 %Dec 11

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