Kuwait Trading Partner Portal
The State of Kuwait borders Iraq to the North and Saudi Arabia to the South. In 2020, the population of Kuwait totaled 4.27 million people and the GDP was $105.96 billion. Kuwait is a high income country backed by the world’s sixth largest oil reserves.
In 2021, the U.S. exported $3.03 billion to Kuwait, $1.15 billion of which was made up of transportation equipment, followed by $336 million of computer and electronic products, $297 million of oil and gas, and $234 million of non-electrical machinery. The U.S. imported $1.07 billion from Kuwait in 2021. The top import was oil and gas making up $532 million of the total, followed by petroleum and coal products at $441 million, reimports at $66 million, and chemicals at $29 million.U.S. foreign direct investment into Kuwait totaled $398 million in 2019. Kuwait FDI into the U.S. totaled $1.8 billion the same year.
In 2021, California exported $185 million to Kuwait. Computer and electronic products made up the largest export making up $43 million of the total, followed by transportation equipment at $29 million, agricultural products at $26 million, and chemicals at $25 million. In 2020, California imported $310.6 million from Kuwait. The top import was oil and gas making up 71.1% of the total, followed by reimports at 20.3%.
Foreign Direct Investment
U.S. FDI into Kuwait totaled $656 million in 2020, while FDI from Kuwait into the U.S. totaled $1.56 billion the same year, making Kuwait the 8th fastest-growing source of FDI into the U.S. Kuwaiti-owned firms supported 1,700 jobs in the U.S. in 2019. Top industry sectors include transportation and chemicals.
Business Opportunities in Kuwait:
For more info please contact email@example.com, assistant director of membership for AmCham Kuwait.