Imports in Kuwait
Kuwait - ImportsExports 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
|Imports (USD billion)||25.4||27.3||26.4||26.4||31.5|
5 years of economic forecasts for more than 30 economic indicators.
Kuwait Imports Chart
Source: Central Bank of Kuwait.
|Exchange Rate||0.30||-0.05 %||Dec 11|
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