Kuwait Trading Partner Portal
Overview
Trade Overview
The State of Kuwait borders Iraq to the North and Saudi Arabia to the South. In 2021, the population of Kuwait totaled 4.31 million people and the GDP was $161.77 billion. Kuwait is a high-income country backed by the world’s sixth largest oil reserves.
U.S. – Kuwait Trade
In 2023, the U.S. exported $2.92 billion to Kuwait, $1.01 billion of which was made up of transportation equipment, followed by $218million of chemicals. Other top exports included non-electrical machinery ($267 million), computer and electronic products ($230 million), and processed foods ($230 million).
The U.S. imported $1.72 billion from Kuwait in 2023with the top import being petroleum and coal products at $962 million. Other top imports included oil and gas ($612 million), goods returned ($90 million), chemicals ($10 million), and primary metals manufactures at $6 million.
California-Kuwait Trade
In 2023, California exported $229 million to Kuwait. Chemicals made up the largest export making up $47 million of the total. This was followed by agricultural products ($35 million), petroleum and coal products ($31 million), computer and electronic products ($29 million), and non-electrical machinery ($21 million).
In 2023, California imported $165 million from Kuwait. The top import was oil and gas making up roughly 65% of the total at $108 million. This was followed by petroleum and coal products ($29 million), reimports ($28 million), and used or secondhand merchandise and computer and electronic products at less than $ 1 million.
Foreign Direct Investment
U.S. FDI into Kuwait totaled $731 million in 2023, while FDI from Kuwait into the U.S. totaled $1.2 billion the same year. Kuwaiti-owned firms supported 1,700 jobs in the U.S. in 2021 while also investing $2.2 billion in research and development and $6.8 billion in expanding U.S. exports. Top industry sectors include transportation and chemicals.
Trade Agreements
Trade Agreements
Events
Events