Trade Balance in Kuwait

Kuwait Trade Balance | Economic News & Forecasts

Kuwait - Trade Balance

Economic growth likely gained traction in recent months following a relatively weak start to the year. Oil production in Kuwait hit a one-and-a-half year high in July following OPEC’s decision to ramp up production in order to keep the oil market adequately supplied. Moreover, despite peaking in late June, oil prices remain at high levels, boosting hydrocarbon activities. Improved economic conditions in the oil industry are also slowly feeding into the non-oil sector, with credit and M2 growth expanding at solid rates in June.

Kuwait - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)89.6  78.3  27.8  20.1  23.5  

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Kuwait Trade Balance Chart

Kuwait Trade Balance
Note: Trade balance in (USD bn).
Source: Central Bank of Kuwait.

Kuwait Facts

Exchange Rate0.30-0.05 %Sep 20

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