Kuwait's high-technology exports (current US$) was US$359.68 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 6,434% from US$5.5 million in 2014 (51.89% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$359.68 million | 2024 |
| Five years earlier | US$26.5 million | 2019 |
| Ten years earlier | US$5.5 million | 2014 |
| Highest | US$359.68 million | 2024 |
| Lowest | US$3.82 million | 2016 |
| Average since 2015 | US$77.32 million | 2015–2024 |
| First recorded | US$127.95 million |
What the numbers say
In 2024, Kuwait's high-technology exports (current US$) rose 562.3% on 2023 (from US$54.31 million to US$359.68 million).
Across the 11 yearly changes before that (2011 to 2023), the average change was +373.1% and a typical year strayed about 1,253.9% from that (the standard deviation). This year's change was 0.2 standard deviations above 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 4,149.4% in 2018 and the biggest yearly fall was 94.4% in 2014. 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 there is no clear straight-line trend: a straight line explains 22% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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 65th highest value of the 120 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.
| Value | Year | |
|---|---|---|
| Kuwait | US$359.68 million | 2024 |
| World | US$3.58 trillion | 2023 |
| High income | US$2.42 trillion | 2024 |
Closest to Kuwait in the 2024 ranking
What this measures
High-technology exports are products with high R&D intensity, such as aerospace, computers, pharmaceuticals, scientific instruments, and electrical machinery.
Limitations: The indicator is based on data reported by countries to COMTRADE. The export values presented in the World Development Indicators represent Gross Exports less Re-Exports. The values may be impacted in cases of reporting errors or missing data, for example if countries do not report Re-Exports for one or more periods.
Regional and income-group figures are computed by the World Bank as a sum.
All 14 values
| Year | High-technology exports (current US$) |
|---|---|
| 2024 | 359,676,657 |
| 2023 | 54,309,247 |
| 2022 | 23,822,001 |
| 2021 | 33,548,389 |
| 2020 | 30,598,853 |
| 2019 | 26,496,306 |
| 2018 | 231,418,445 |
| 2017 | 5,445,869 |
| 2016 | 3,815,330 |
| 2015 | 4,071,885 |
| 2014 |
High-technology exports (current US$) in nearby economies
- Algeria — US$9.03 million (2017)
- Bahrain — US$11.52 million (2023)
- Egypt, Arab Rep. — US$887.73 million (2024)
- Iran, Islamic Rep. — US$206.22 million (2022)
- Israel — US$19.43 billion (2024)
- Jordan — US$177.69 million (2023)
- Lebanon — US$60.85 million (2024)
- Malta — US$1.31 billion (2024)
- Oman — US$441.8 million (2023)
- Pakistan — US$535.22 million (2024)
- Qatar
More infrastructure data for Kuwait
- Fixed telephone subscriptions — 572,621 (2023)
- Fixed telephone subscriptions (per 100 people) — 11.83 (2023)
- Air transport, registered carrier departures worldwide — 68,356 (2023)
- Air transport, freight (million ton-km) — 331.17 (2023)
- Air transport, passengers carried — 9.5 million (2023)
- Mobile cellular subscriptions — 8.11 million (2023)
- Mobile cellular subscriptions (per 100 people) — 167.68 (2023)
- Medium and high-tech exports (% manufactured exports) — 5.96% (2024)
- Individuals using the Internet (% of population) — 100% (2025)
- Scientific and technical journal articles
Reading data like this
Questions people ask
- What is Kuwait's high-technology exports (current US$)?
- US$359.68 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is up 181.11% from US$127.95 million in 2010 (7.66% a year on average, compounded). The highest value was US$359.68 million in 2024 and the lowest US$3.82 million in 2016.
- How does Kuwait rank?
- 65th highest of 120 economies with data for 2024.
- Is the latest change in high-technology exports (current US$) unusual for Kuwait?
- In 2024, Kuwait's high-technology exports (current US$) rose 562.3% on 2023 (from US$54.31 million to US$359.68 million). Across the 11 yearly changes before that (2011 to 2023), the average change was +373.1% and a typical year strayed about 1,253.9% from that (the standard deviation). This year's change was 0.2 standard deviations above 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 TX.VAL.TECH.CD, licensed CC BY 4.0. Original source: Comtrade database, United Nations (UN), uri: comtrade.un.org, publisher: UN Statistics Division; World Integrated Trade Solution system (WITS), World Bank (WB), uri: https://wits.worldbank.org/ 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.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in