International Trade in Kuwait

International Trade in Kuwait

Kuwait is a rich country with a high per capita income of about 30,000 USD. Its GDP has experienced a growth rate of more than 20% during the past five years. The country has 9% of the world oil reserves.  Kuwait is trying to position itself as the entrance gate for investment in the area.... Read more

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Market Analyses About Kuwait (32)

Import and Export Services in Kuwait (314)

  • uk design studio

    uk design studio

    Media/Graphic Design, Kuwait

    Graphic Design Agency, providing creative services for established and entrepreneurial brands, businesses. We develop strategy-based...
  • MARS EXIM PVT LTD

    MARS EXIM PVT LTD

    Direct Marketing, Kuwait

    Our company is Govt. of India Recognized Export House .Our main line of products are Light engineering goods which includes : •...

Business Tips About Kuwait (8)

Agents and Distributors in Kuwait (35)

  • Spanish Food Prodespa, S.L.

    Spanish Food Prodespa, S.L.

    Export Management, Kuwait

    La comida española Prodespa reune, miembro En un canal de solista de ventas, La Más Amplia Gama de Productos con Los...
  • AW SUNNY STEEL

    AW SUNNY STEEL

    Metal Sales and Distribution, Kuwait

    sunnyofsteel at g m a i l c o m Excellent in nickel monel inconel incoloy hastelloy duplex stainless steel pipe tube flange flanges...

Overview About International Trade in Kuwait

Main Industry Sectors

Agriculture activity is very limited due to lack of water and arable land. Agriculture contributes only 2% to GDP.

With 100 billion barrels of oil in reserve (i.e. 9% of the world's total and representing 100 years of production), the country's industry is based on oil exploitation. Income from this sector represents more than half of GDP and more than 90% of exports, i.e. more than 95% of the country's income. By 2030, Kuwait is also planning to invest more than USD 87 billion in the oil sector, especially in creating new oil refineries.

The non-oil sector is dominated by services, mostly real estate and financial services, which were relatively hit by the financial crisis.

For further information, consult the "Doing Business in Kuwait" guide by the National Bank of Kuwait.

 

Economic Overview

Kuwait is a rich country with a high per capita income of about 30,000 USD. Its GDP has experienced a growth rate of more than 20% during the past five years. The country has 9% of the world oil reserves.  Kuwait is trying to position itself as the entrance gate for investment in the area. The public sector dominates the economy and concentrates three quarters of the country's

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