Exports in Kuwait

Kuwait Exports | Economic News & Forecasts

Kuwait - Exports

Economic activity likely expanded in annual terms in Q1 on growth in oil production as OPEC+ curbs were eased. A surge in Covid-19 cases and some ensuing restrictions will have capped non-oil momentum early in the quarter. However, restrictions were eased markedly from mid-February as Covid-19 cases fell, which should have aided non-oil growth towards the end of Q1. Turning to Q2, the oil sector will be benefiting from the rollback of OPEC+ cuts, while tourism is likely being boosted by the recent scrapping of entry requirements for visitors. Moreover, surging oil prices are buoying public coffers and could support public spending. In politics, the government resigned in early April ahead of a no-confidence vote in parliament. Political instability will hinder important reforms ahead—including the approval of a debt law, which would allow the country to tap international bond markets.

Kuwait - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)54.2  46.6  55.2  72.1  -     

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Kuwait Exports Chart

Kuwait Exports
Note: Exports (USD billion)
Source: Central Bank of Kuwait.

Kuwait Facts

Value Change Date
Exchange Rate0.30-0.05 %Dec 31

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