Kuwait - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Kuwait was 5.48 as of 2020. Its highest value over the past 47 years was 84.91 in 1973, while its lowest value was 2.72 in 1995.

Definition: Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1973 84.91
1974 80.32
1975 80.04
1976 79.63
1977 80.17
1978 82.78
1979 81.00
1980 78.57
1981 72.91
1982 64.96
1983 72.63
1984 68.21
1985 68.87
1986 68.70
1987 69.52
1988 65.21
1989 65.69
1990 66.84
1991 50.17
1992 67.73
1993 77.22
1994 72.61
1995 2.72
1996 71.06
1997 70.48
1998 70.18
1999 67.97
2000 4.95
2001 4.89
2002 4.88
2003 4.89
2004 4.89
2005 4.89
2006 4.89
2007 4.89
2008 4.89
2009 4.89
2010 4.89
2011 4.88
2012 4.89
2013 4.89
2014 4.89
2015 4.47
2016 4.65
2017 4.41
2018 3.43
2019 3.50
2020 5.48

Development Relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to high-income economies.

Limitations and Exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Exports