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Kuwait

Kuwait ranked No. 64 in total trade value through August with a total of $3.28 billion. Exports totaled $2.11 billion and Imports totaled $1.17 billion, a surplus of $941.64 million.

January – August 2019

Top Trading Ports

Total Trade: $3.28 billion

RankPortTotal YTD
1Port of Morgan City, La. $384,595,733
2Port of Wilmington, Dela. $354,665,523
3Port of Long Beach $319,542,277
4Port of Houston $242,894,851
5Port of Jacksonville, Fla. $239,733,794
6Port of New York $174,988,999
7Port of Newark $143,479,725
8Carquinez Strait, Calif. $143,265,980
9Port of Virginia $137,024,339
10Port of Freeport, Texas $109,950,435

U.S. trade with Kuwait rose to $3.28 billion through August

Kuwait’s trade with the United States rose to $3.28 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 7.18 percent below its total trade during the same time period last year. U.S. exports to Kuwait increased 7.42 percent while U.S. imports from Kuwait fell 25.46 percent. The U.S. surplus with Kuwait was $941.64 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Morgan City, La.; No. 2 Port of Wilmington, Dela.; No. 3 Port of Long Beach; No. 4 Port of Houston; and No. 5 Port of Jacksonville, Fla.. During the same period the previous year, the top five were No. 1 Port of Morgan City, La. No. 2 Port of Long Beach No. 3 Carquinez Strait, Calif. No. 4 Port of Wilmington, Dela. and No. 5 Port of Houston. In the current time period, the top five accounted for 46.96 percent of Kuwait’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Morgan City, La. fell 28.3 percent to $384.6 million.
    There were no exports. Imports fell 28.3 percent to $384.6 million.
  • Trade with No. 2 Port of Wilmington, Dela. rose 45.05 percent to $354.67 million.
    Exports rose 45.05 percent to $354.67 million. There were no imports.
  • Trade with No. 3 Port of Long Beach fell 25.63 percent to $319.54 million.
    Exports rose 79.4 percent to $14.37 million. Imports fell 27.63 percent to $305.17 million.
  • Trade with No. 4 Port of Houston rose 0.36 percent to $242.89 million.
    Exports rose 11.64 percent to $146.19 million. Imports fell 12.95 percent to $96.7 million.
  • Trade with No. 5 Port of Jacksonville, Fla. rose 50.72 percent to $239.73 million.
    Exports rose 50.77 percent to $239.73 million. There were no imports.

Kuwait ranked No. 64 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 62.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Kuwait by value through August were the categories of Motor vehicles for transporting people; Defense-related aircraft, parts; Commercial vehicles; Misc. chemical reaction initiators, accelerators; and Scrap iron, steel, respectively. They accounted for 40.14 percent of total exports to Kuwait.

The value of the top five categories of U.S. imports from Kuwait –– Oil; Value added to a returned import; Gasoline, other fuels; Scrap of precious metal; and Misc. chemical reaction initiators, accelerators –– accounted for 99.61 percent of all inbound shipments.

Looking more closely at U.S. exports to Kuwait:

  • Motor vehicles for transporting people fell 4.91 percent compared to last year to $388.53 million.
  • Defense-related aircraft, parts rose 328.79 percent compared to last year to $165.79 million.
  • Commercial vehicles rose 54.25 percent compared to last year to $127.54 million.
  • Misc. chemical reaction initiators, accelerators rose 119.34 percent compared to last year to $93.66 million.
  • Scrap iron, steel fell 40.73 percent compared to last year to $72.28 million.

Looking more closely at U.S. imports from Kuwait:

  • Oil fell 32.54 percent compared to last year to $927.77 million.
  • Value added to a returned import rose 9.58 percent compared to last year to $107.26 million.
  • Gasoline, other fuels rose 124.79 percent compared to last year to $107.17 million.
  • Scrap of precious metal totaled $21.81 million. The previous year, there were no imports in this category.
  • Misc. chemical reaction initiators, accelerators fell 85.28 percent compared to last year to $1.85 million.

In the latest annual figures available, Kuwait recorded $8.08 billion in trade with the United States. At year’s end, its were Houston; New Orleans; Seattle; Los Angeles; and Philadelphia. Total U.S. exports to Kuwait were $ 5.17 billion and imports from Kuwait were $2.92 billion. The U.S. surplus with Kuwait was $2.25 billion.