Trade Balance in Kuwait

Kuwait Trade Balance | Economic News & Forecasts

Kuwait - Trade Balance

Recent data shows that the economy expanded at a meager pace in Q1 over the same period a year ago. Growth was primarily driven by the non-oil sector, which grew at a robust pace compared to the prior quarter. The oil and oil products sector did, however, rebound to expand for the first time in the past five quarters, benefitting from the oil price rally. The 23 June decision to ease production curbs by OPEC and non-OPEC members could boost the oil sector in quarters ahead, although the amount of extra output is still unclear. In late June, parliament passed the FY 2019 budget, which envisages a significant spending increase, despite the sizeable fiscal deficit.

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 %Jul 13

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