Kuwait
U.S.-Kuwait Trade Facts
Kuwait is currently our 48th largest goods trading partner with $10.5 billion in total (two way) goods trade during 2011. Goods exports totaled $2.7 billion; Goods imports totaled $7.8 billion. The U.S. goods trade deficit with Kuwait was $5.1 billion in 2011.
Exports
Kuwait was the United States= 57th largest goods export market in 2011.
U.S. goods exports to Kuwait in 2011 were $2.7 billion, down 1.7% ($47 million) from 2010, but up 245% from 2000.
The top export categories (2-digit HS) in 2011 were: Vehicles ($984 million), Machinery ($434 million), Electrical Machinery ($217 million), Aircraft ($131 million), and Optic and Medical Instruments ($108 million).
U.S. exports of agricultural products to Kuwait totaled $206 million in 2011. Leading categories include: vegetable oils (excluding soybean oil) ($71 million), red meats fresh/chilled/frozen ($20 million), and processed fruit and vegetables ($16 million).
Imports
Kuwait was the United States= 42nd largest supplier of goods imports in 2011.
U.S. goods imports from Kuwait totaled $7.8 billion in 2011, a 45.1% increase ($2.4 billion) from 2010, and up 183% from 2000. Nearly all of U.S. imports from Kuwait was in the mineral fuel category.
The five largest import categories in 2010 were: Mineral Fuel and Oil (crude) ($7.6 billion), Fertilizers ($165 million), Special Other (returns) ($28 million), Perfumery and Cosmetics ($3 million), and Miscellaneous Chemical Products ($2 million).
U.S. imports of agricultural products from Kuwait totaled $33 thousand in 2011.
Trade Balance
The U.S. goods trade deficit with Kuwait was $5.1 billion in 2011, a 94.8% increase ($2.5 billion) over 2010.
Historical Trade Data
U.S. Goods Trade with Kuwait (in millions of dollars)
|
1980 |
1985 |
1990 |
1994 |
2000 |
2008 |
2009 |
2010 |
2011 |
Balance |
414 |
367 |
-169 |
-282 |
-1,994 |
-4,374 |
-1,831 |
-2,608 |
-5,081 |
Exports |
886 |
551 |
401 |
1,176 |
787 |
2,719 |
1,951 |
2,774
|
2,727
|
Imports |
472 |
184 |
570 |
1,457 |
2,781 |
7,093 |
3,783 |
5,382 |
7,809 |
Investment
U.S. foreign direct investment (FDI) in Kuwait (stock) was $1.5 billion in 2010 (latest data available), up 5.3% from 2009.
There is no information on the distribution of U.S. FDI in Kuwait.
Kuwait FDI in the United States (stock) was $347 million in 2010 (latest data available), down 3.1% from 2009.
There is no information on the distribution of Kuwait FDI in the United States.
*NOTE: No services trade data with Kuwait is available.