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Who buys Kuwait’s crude oil? Export destinations 2024

In 2024, Kuwait exported $28.8 billion of crude oil (49.4 million tonnes), 2.2% of the world total. Its main destinations were China (33%), South Korea (23%) and Japan (17%). Kuwait was the world’s 14th-largest exporter of crude oil.

Summary

Value
$28.8billion
Tonnes
49.4million tonnes
Share of world total
2.2%
World rank
14th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 15 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China9.6Tonnes: 15,970,070USD per tonne: $60233.4%Sea
South Korea6.6Tonnes: 11,435,121USD per tonne: $58123%Sea
Japan4.9Tonnes: 8,086,066USD per tonne: $60216.9%Sea
Taiwan3.1Tonnes: 5,991,130USD per tonne: $51910.8%Sea
India3.1Tonnes: 5,251,690USD per tonne: $58810.7%Sea
United States0.64Tonnes: 1,244,929USD per tonne: $5142.2%Sea
Qatar0.63Tonnes: 1,053,899USD per tonne: $6012.2%Sea
Malaysia0.17Tonnes: 286,185USD per tonne: $5970.59%Sea
Egypt0.02Tonnes: 38,049USD per tonne: $6280.08%Sea
Singapore re-exports0.02Tonnes: 34,477USD per tonne: $5250.06%Sea
Thailand0.01Tonnes: 26,638USD per tonne: $5390.05%Sea
Pakistan< 0.01Tonnes: 5,082USD per tonne: $4250.01%Sea
Netherlands re-exports< 0.01Tonnes: 3USD per tonne: $6400%Sea
Kazakhstan< 0.01Tonnes: —USD per tonne: —0%Sea
Bahrain< 0.01Tonnes: 0USD per tonne: $1,2070%Sea

Trend

Who it sells to

China has been its main destination since 2018

Value in USD billions. The five largest destinations in 2024.

  • China 9.6
  • South Korea 6.6
  • Japan 4.9
  • Taiwan 3.1
  • India 3.1

Source: CEPII BACI

Show the numbers
Partner19952024
China09.6
South Korea0.426.6
Japan1.64.9
Taiwan03.1
India0.653.1

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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