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Kuwait

Kuwait ranked No. 65 in total trade value through February with a total of $678.22 million. Exports totaled $404.33 million and Imports totaled $273.89 million, a surplus of $130.44 million.

January – February 2019

Top Trading Ports

Total Trade: $678.22 million

RankPortTotal YTD
1Port of Houston $97,810,159
2Port of Long Beach $69,874,145
3Port of New York $57,315,558
4Port of Wilmington, Dela. $54,035,199
5Port of Morgan City, La. $51,602,015
6Port of San Juan, Puerto Rico $42,596,039
7Port of Jacksonville, Fla. $33,793,203
8Port of New Orleans $26,023,928
9John F. Kennedy International Airport $21,895,638
10Port Everglades, Fla. $19,897,289

U.S. trade with Kuwait rose to $678.22 million through February

Kuwait’s trade with the United States rose to $678.22 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 30.99 percent below its total trade during the same time period last year. Kuwait’s exports decreased 16.28 percent while imports fell 45.2 percent. The U.S. surplus with Kuwait was $130.44 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port of Long Beach; No. 3 Port of New York; No. 4 Port of Wilmington, Dela.; and No. 5 Port of Morgan City, La.. During the same period the previous year, the top five were No. 1 Port of Morgan City, La. No. 2 Port of Houston No. 3 Port of Long Beach No. 4 Carquinez Strait, Calif. and No. 5 Port of Wilmington, Dela.. In the current time period, the top five accounted for 48.75 percent of Kuwait’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 8.32 percent to $97.81 million.
    Exports rose 16.54 percent to $32.69 million. Imports rose 4.62 percent to $65.12 million.
  • Trade with No. 2 Port of Long Beach rose 0.81 percent to $69.87 million.
    Exports fell 20.92 percent to $2.7 million. Imports rose 1.94 percent to $67.17 million.
  • Trade with No. 3 Port of New York rose 30.9 percent to $57.32 million.
    Exports rose 30.9 percent to $57.32 million. There were no imports.
  • Trade with No. 4 Port of Wilmington, Dela. rose 3.29 percent to $54.04 million.
    Exports rose 3.29 percent to $54.04 million. There were no imports.
  • Trade with No. 5 Port of Morgan City, La. fell 79.63 percent to $51.6 million.
    There were no exports. Imports fell 79.63 percent to $51.6 million.

Kuwait ranked No. 65 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 58.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Kuwait by value through February were the categories of Motor vehicles for transporting people; Defense-related aircraft, parts; Commercial vehicles; Tanks, armored fighting vehicles, parts; and Scrap iron, steel, respectively. They accounted for 34.47 percent of total exports to Kuwait.

The value of the top five categories of U.S. imports from Kuwait –– Oil; Gasoline, other fuels; Value added to a returned import; Misc. chemical reaction initiators, accelerators; and Cameras, flashes –– accounted for 99.72 percent of all inbound shipments.

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

  • Motor vehicles for transporting people fell 39.29 percent compared to last year to $63.48 million.
  • Defense-related aircraft, parts rose 85.3 percent compared to last year to $25.01 million.
  • Commercial vehicles rose 121.23 percent compared to last year to $20.79 million.
  • Tanks, armored fighting vehicles, parts rose 3499.43 percent compared to last year to $17.43 million.
  • Scrap iron, steel fell 59.65 percent compared to last year to $12.65 million.

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

  • Oil fell 59.59 percent compared to last year to $182.02 million.
  • Gasoline, other fuels rose 1330.05 percent compared to last year to $70.39 million.
  • Value added to a returned import rose 98.46 percent compared to last year to $18.04 million.
  • Misc. chemical reaction initiators, accelerators fell 86 percent compared to last year to $1.68 million.
  • Cameras, flashes totaled $1 million. The previous year, there were no imports in this category.

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.