Trade Balance in Kuwait
Kuwait - Trade BalanceEconomic 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
|Trade Balance (USD billion)||89.6||78.3||27.8||20.1||23.5|
5 years of economic forecasts for more than 30 economic indicators.
Kuwait Trade Balance Chart
Source: Central Bank of Kuwait.
|Exchange Rate||0.30||-0.05 %||Sep 20|
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