In 2011, the value of merchandise exports of Kuwait increased substantially by 63.8 percent to reach 102.7 bln US$, while its merchandise imports increased substantially by 10.8 percent to reach 25.1 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively large surplus of 77.6 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at -6.0 bln US$ (see graph 4). Merchandise exports in Kuwait were highly concentrated amongst partners; imports were diversified. The top 1 partner accounted for 80 percent or more of exports and 18 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Kuwait increased slightly by 1.6 percent, reaching 10.0 bln US$, while its imports of services increased moderately by 9.8 percent and reached 19.6 bln US$ (see graph 2). There was a large trade in services deficit of 9.6 bln US$.

Related Subject(s): International Trade and Finance
Countries: Kuwait
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