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Kuwait exports jump 9.1% to KD 8.5b in ’13 Imports up 10.4% to KD 2.1 bln

 KUWAIT CITY, March 5, (KUNA): Kuwaiti exports were KD 8.5 billion with a 9.1 percent increase and imports were KD 2.1 billion with a 10.4 percent increase compared with July-September 2012, according to the provisional foreign trade statistics results, in July-September 2013. In July-September 2013, balance of trade was KD 6.4 billion KD while it was KD 5.8 billion in July-September 2012 with a 8.7 percent increase. In the same period, volume of trade increased 9.4 percent compared with the third quarter of 2012. Trade of volume was KD 10.6 billion KD in July-September 2013 while it was KD 9.7 billion in July-September 2012. Coverage rate was 404.5 percent in July-September 2013, while it was 409.3 percent in July-September 2012. In the third quarter of 2013, Coverage rate (excluding oil) was 21.1 percent while it was 20.1 percent in the third quarter of 2012, it added.

For July-September 2013, the top categories for exports were “mineral fuels and oils” KD 8.040 billion) with share of 94.4 percent and then “Plastic and articles thereof” (KD 179 million) 2.1 percent, “Organic chemicals” (KD 55 billion) 0.6 percent, it said. At the same period, “Vehicles other than railway or tramway rolling-stock, parts thereof” has by far the highest value imported at KD 341 million with share of 16.2 percent and then, “Boilers, machinery and mechanical appliances, parts thereof” (KD 238 million) 11.3 percent, “Electrical Machinery and Equipment” (KD 237 million) 11.2 percent and “Articles of Iron and Steel” (KD 102 million) 4.9 percent.

In July-September 2013, the main partner country for non-oil exports was China with KD 79.7 million and chemical products represented 83 percent of total export to China. For exports, China was followed by UAE (KD 61 million) and India (KD 59.8 million), it indicated.
 
Records
The top country for Kuwait’s imports was China (KD 308.4 million), records for imports range from United States of America (KD 204.4 million), UAE (KD 185.2 million) and Germany (KD 136.6 million). As compared with the same quarter of the previous year, exports to the GCC countries were KD 130.7 million, decreased by 3.8 percent. The share of the GCC countries was 1.5 percent in July-September 2013 while it was also 1.7 percent in July-September 2012.
 
During the same period, 26.4 percent of imports products were industrial supplies. As compared with the same period of the previous year; food and beverage increased 9.3 percent, industrial supplies increased 15.3 percent, consumer goods increased 18.3 percent and capital goods increased 1.7 percent, it concluded.
 

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