Merchandise Trade Balance in Kuwait
In the year 2024, the merchandise trade balance in Kuwait was USD 44.02 billion, compared to USD 77.42 billion in 2014 and USD 51.11 billion in 2023. It averaged USD 41.45 billion over the last decade. For more trade information, visit our dedicated page.
Kuwait Trade Chart
Note: This chart displays Trade Balance (USD billion) for Kuwait from 2024 to 2023.
Source: Macrobond.
Kuwait Trade Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 35.3 | 15.4 | 40.5 | 71.9 | 51.1 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Kuwaiti trade projections for the next ten years from a panel of 7 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Kuwaiti trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Kuwaiti trade projections.
Want to get access to the full dataset of Kuwaiti trade forecasts? Send an email to info@focus-economics.com.