Summary
- Kuwait → South Korea
- $8.8billion
- South Korea → Kuwait
- $772million
- Kuwait’s balance
- $8billion
Balance
Kuwait’s trade balance with South Korea
Trade between Kuwait and South Korea grew 7.9-fold since 1995
USD billions (current). Kuwait’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 8.8
- Imports 0.8
- Balance +8
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $1.1 billion | $143 million | $925 million |
| 1996 | $1.4 billion | $148 million | $1.3 billion |
| 1997 | $1.7 billion | $194 million | $1.6 billion |
| 1998 | $970 million | $527 million | $443 million |
| 1999 | $1.4 billion | $154 million | $1.3 billion |
| 2000 | $2.7 billion | $276 million | $2.4 billion |
| 2001 | $2.3 billion | $221 million | $2 billion |
| 2002 | $2.2 billion | $243 million | $2 billion |
| 2003 | $3.2 billion | $360 million | $2.8 billion |
| 2004 | $3.8 billion | $454 million | $3.4 billion |
| 2005 | $6 billion | $458 million | $5.5 billion |
| 2006 | $8.1 billion | $883 million | $7.3 billion |
| 2007 | $8.7 billion | $1.5 billion | $7.3 billion |
| 2008 | $12.1 billion | $925 million | $11.2 billion |
| 2009 | $8 billion | $744 million | $7.2 billion |
| 2010 | $10.9 billion | $1.3 billion | $9.7 billion |
| 2011 | $17.1 billion | $1.6 billion | $15.6 billion |
| 2012 | $18.3 billion | $1.6 billion | $16.7 billion |
| 2013 | $18.7 billion | $1.2 billion | $17.6 billion |
| 2014 | $16.9 billion | $2.1 billion | $14.8 billion |
| 2015 | $9 billion | $983 million | $8 billion |
| 2016 | $7.3 billion | $1.5 billion | $5.7 billion |
| 2017 | $9.6 billion | $1.4 billion | $8.2 billion |
| 2018 | $12.8 billion | $1.4 billion | $11.4 billion |
| 2019 | $10.8 billion | $1 billion | $9.7 billion |
| 2020 | $5.8 billion | $745 million | $5.1 billion |
| 2021 | $8.3 billion | $426 million | $7.8 billion |
| 2022 | $12.4 billion | $456 million | $11.9 billion |
| 2023 | $9.6 billion | $643 million | $9 billion |
| 2024 | $8.8 billion | $772 million | $8 billion |
What they sell each other
What Kuwait sells to South Korea
The top 10 headings in 2024, with their share of the total.
What South Korea sells to Kuwait
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Shuaiba and Busan is 6,451 nautical miles (11,946 km) long: ≈ 15–19 days at sea (at 18 and 14 knots).
Passages it crosses: Strait of Hormuz; and Strait of Malacca and Singapore.
Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
South Korea was Kuwait’s 3rd largest trading partner (9% of its trade), and Kuwait was South Korea’s 29th (0.7%).
- South Korea in Kuwait’s trade
- 9.1%
- South Korea’s rank among Kuwait’s partners
- 3rd
- Kuwait in South Korea’s trade
- 0.7%
- Kuwait’s rank among South Korea’s partners
- 29th
Compare with
Other partners of Kuwait
Other partners of South Korea
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.