Iraq tops list of Kuwaiti exports
KUWAIT CITY, Nov 21, (KUNA): Kuwaiti nonoil exports went up by 11 percent last October, compared to the same month last year, the Ministry of Commerce and Industry (MoCI) said Thursday.
Exports to Arab and foreign countries amounted to KD 16.9 million (about USD 55 million) last October, compared to KD 15.2 million (approximately USD 50 million) in the same month from last year, MoCI said.
Kuwaiti exports to Arab countries, excluding the Gulf Cooperation Council (GCC), amounted to KD 6.3 million (roughly USD 20.7 million), compared to KD 2.7 million (almost USD 8.8 million) to foreign countries, the ministry added.
Kuwaiti exports to GCC reached KD 7.8 million (about USD 25.6 million) last October.
The ministry pointed out that Iraq topped the list of Kuwaiti exports, followed by Jordan, Algeria, Lebanon, Yemen, Egypt and Tunisia, while UAE ranked first in the Gulf, followed by Qatar, Saudi Arabia, Oman and Bahrain. Regarding the Kuwaiti exports to other countries of the world, it reported that Belgium came in the forefront, followed by Italy, Turkey, France, Spain and Portugal.
Meanwhile, Kuwait’s trade surplus with Japan shrank 13.5 percent from a year earlier to JPY 41.4 billion (USD 382 million) in October, down for the first time in two months due to sluggish exports, the Finance Ministry said Wednesday Kuwaiti overall exports to Japan slid 5.1 percent year-onyear to JPY 62.4 billion (USD 576 million) for the first drop in two months. Imports from Japan jumped 17.4 percent to JPY 21.0 billion (USD 194 million), up for the first time in eight months.