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Kuwait

Kuwait ranked No. 62 in total trade value through March with a total of $1.35 billion. Exports totaled $700.52 million and Imports totaled $644.56 million, a surplus of $55.96 million.

January – March 2019

Top Trading Ports

Total Trade: $1.35 billion

RankPortTotal YTD
1Port of Morgan City, La. $246,330,094
2Port of Houston $146,061,693
3Port of Long Beach $128,308,012
4Port of Wilmington, Dela. $110,418,804
5Port of New York $74,754,910
6Carquinez Strait, Calif. $62,715,643
7Port of Jacksonville, Fla. $60,239,795
8Port of Freeport, Texas $44,456,318
9John F. Kennedy International Airport $44,426,820
10Los Angeles International Airport $42,740,438

U.S. trade with Kuwait rose to $1.35 billion through March

Kuwait’s trade with the United States rose to $1.35 billion through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 8.87 percent below its total trade during the same time period last year. Kuwait’s exports decreased 8.54 percent while imports fell 9.22 percent. The U.S. surplus with Kuwait was $55.96 million.

Through March, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Morgan City, La.; No. 2 Port of Houston; No. 3 Port of Long Beach; No. 4 Port of Wilmington, Dela.; and No. 5 Port of New York. 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 Houston and No. 5 Port of Wilmington, Dela.. In the current time period, the top five accounted for 52.48 percent of Kuwait’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Morgan City, La. fell 21.49 percent to $246.33 million.
    There were no exports. Imports fell 21.49 percent to $246.33 million.
  • Trade with No. 2 Port of Houston rose 33.87 percent to $146.06 million.
    Exports rose 20.28 percent to $49.41 million. Imports rose 42.08 percent to $96.65 million.
  • Trade with No. 3 Port of Long Beach fell 7.99 percent to $128.31 million.
    Exports fell 13.32 percent to $3.69 million. Imports fell 7.83 percent to $124.62 million.
  • Trade with No. 4 Port of Wilmington, Dela. rose 27.16 percent to $110.42 million.
    Exports rose 27.16 percent to $110.42 million. There were no imports.
  • Trade with No. 5 Port of New York rose 18.88 percent to $74.75 million.
    Exports rose 18.88 percent to $74.75 million. There were no imports.

Kuwait ranked No. 62 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 57.

Meanwhile, total U.S. trade with the world increased to $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Kuwait by value through March were the categories of Motor vehicles for transporting people; Commercial vehicles; Tanks, armored fighting vehicles, parts; Defense-related aircraft, parts; and Scrap iron, steel, respectively. They accounted for 38.11 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 99.85 percent of all inbound shipments.

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

  • Motor vehicles for transporting people fell 23.17 percent compared to last year to $140.01 million.
  • Commercial vehicles rose 95.83 percent compared to last year to $44.67 million.
  • Tanks, armored fighting vehicles, parts rose 3562.35 percent compared to last year to $29.31 million.
  • Defense-related aircraft, parts rose 50.58 percent compared to last year to $27.76 million.
  • Scrap iron, steel fell 46.31 percent compared to last year to $25.25 million.

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

  • Oil fell 18.58 percent compared to last year to $528.4 million.
  • Gasoline, other fuels rose 869.65 percent compared to last year to $70.39 million.
  • Value added to a returned import rose 133.3 percent compared to last year to $42.1 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.