Kuwait: Exports of goods and services (current US$)

Key figures

What the numbers say

In 2024, Kuwait's exports of goods and services (current US$) fell 6% on 2023 (from US$95.48 billion to US$89.71 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +11.3% and a typical year strayed about 28.8% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 331.9% in 1992 and the biggest yearly fall was 77.5% in 1991. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about US$4.66 billion a year. A straight line explains 51% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Kuwait had the 6th highest value of the 33 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Kuwait in the 2024 ranking

• Japan — 2nd of 33: US$920.96 billion
• Iraq — 3rd of 33: US$111.2 billion
• Kazakhstan — 4th of 33: US$92.07 billion
• Oman — 6th of 33: US$70.79 billion
• New Zealand — 7th of 33: US$64.6 billion
• Bahrain — 8th of 33: US$41.3 billion

What this measures

Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 60 values

Exports of goods and services (current US$) in nearby economies

• Afghanistan — US$2.79 billion (2024)
• Algeria — US$48.32 billion (2025)
• Bahrain — US$41.3 billion (2024)
• Djibouti — US$5.11 billion (2025)
• Egypt, Arab Rep. — US$72.39 billion (2025)
• Iran, Islamic Rep. — US$93.41 billion (2025)
• Iraq — US$111.2 billion (2024)
• Israel — US$168.32 billion (2025)
• Lebanon — US$6.06 billion (2024)
• Libya — US$34.49 billion (2025)

More economic policy & debt data for Kuwait

• Total reserves, including gold (current US$) — US$51.74 billion (2025)
• Total reserves, excluding gold (current US$) — US$40.65 billion (2025)
• GDP (current US$) — US$157.21 billion (2025)
• GDP (current LCU) — 48.18 billion (2025)
• GDP per capita (current US$) — US$32,312 (2025)
• GDP per capita (current LCU) — 9,902 (2025)
• GNI (current US$) — US$193.99 billion (2024)
• GNI (current LCU) — 59.49 billion (2024)
• GNI per capita (current LCU) — 12,148 (2024)
• General government final consumption expenditure (current US$) — US$41.5 billion (2024)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Kuwait's exports of goods and services (current US$)?

US$89.71 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1965?

It is up 6,220% from US$1.42 billion in 1965 (7.28% a year on average, compounded). The highest value was US$130.07 billion in 2012 and the lowest US$1.42 billion in 1965.

How does Kuwait rank?

6th highest of 33 economies with data for 2024.

Is the latest change in exports of goods and services (current US$) unusual for Kuwait?

In 2024, Kuwait's exports of goods and services (current US$) fell 6% on 2023 (from US$95.48 billion to US$89.71 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +11.3% and a typical year strayed about 28.8% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NE.EXP.GNFS.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.