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Kuwait

Kuwait ranked No. 63 in total trade value through October with a total of $4.26 billion. Exports totaled $2.41 billion and Imports totaled $1.84 billion, a surplus of $566.77 million.

January – October 2018

Top Trading Ports

Total Trade: $4.26 billion

RankPortTotal YTD
1Port of Morgan City, La. $786,239,713
2Port of Long Beach $431,341,451
3Carquinez Strait, Calif. $306,765,788
4Port of Wilmington, Dela. $306,295,637
5Port of Houston $286,561,886
6Port of Jacksonville, Fla. $203,158,808
7Port of Freeport, Texas $169,447,695
8Port of Newark $167,365,228
9Port of New York $150,908,435
10Port of Virginia $126,983,515

U.S. trade with Kuwait rose to $4.26 billion through October

Kuwait’s trade with the United States rose to $4.26 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 37.36 percent below its total trade during the same time period last year. Kuwait’s exports decreased 44.39 percent while imports fell 24.96 percent. The U.S. surplus with Kuwait was $566.77 million.

Through October, the top five among the nation’s airports, seaports and border crossings 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. During the same period the previous year, the top five were No. 1 Port of Everett, Wash. No. 2 Port of Morgan City, La. No. 3 Port of Houston No. 4 Port of Long Beach and No. 5 Port of Wilmington, Dela.. In the current time period, the top five accounted for 49.75 percent of Kuwait’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Morgan City, La. fell 15.24 percent to $786.24 million.
    There were no exports. Imports fell 15.24 percent to $786.24 million.
  • Trade with No. 2 Port of Long Beach fell 32.11 percent to $431.34 million.
    Exports rose 42.67 percent to $9.69 million. Imports fell 32.92 percent to $421.65 million.
  • Trade with No. 3 Carquinez Strait, Calif. fell 0.87 percent to $306.77 million.
    There were no exports. Imports fell 0.87 percent to $306.77 million.
  • Trade with No. 4 Port of Wilmington, Dela. fell 44.6 percent to $306.3 million.
    Exports fell 44.6 percent to $306.3 million. There were no imports.
  • Trade with No. 5 Port of Houston fell 56.5 percent to $286.56 million.
    Exports fell 66.31 percent to $170.72 million. Imports fell 23.82 percent to $115.84 million.

Kuwait ranked No. 63 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 50.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Kuwait by value through October were the categories of Motor vehicles for transporting people; Scrap iron, steel; Commercial vehicles; Cell phones, related equipment; and Defense-related aircraft, parts, respectively. They accounted for 35.53 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; Nitrogenous fertilizers; and Misc. chemical reaction initiators, accelerators –– accounted for 99.83 percent of all inbound shipments.

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

  • Motor vehicles for transporting people rose 28.64 percent compared to last year to $502.34 million.
  • Scrap iron, steel rose 63.94 percent compared to last year to $121.96 million.
  • Commercial vehicles rose 37.64 percent compared to last year to $111.03 million.
  • Cell phones, related equipment rose 436.55 percent compared to last year to $65.99 million.
  • Defense-related aircraft, parts rose 176.18 percent compared to last year to $55.43 million.

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

  • Oil fell 28.88 percent compared to last year to $1.63 billion.
  • Value added to a returned import rose 37.93 percent compared to last year to $117.19 million.
  • Gasoline, other fuels rose 241.58 percent compared to last year to $47.68 million.
  • Nitrogenous fertilizers fell 50.28 percent compared to last year to $34.13 million.
  • Misc. chemical reaction initiators, accelerators rose 339570 percent compared to last year to $16.98 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.