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KUWAIT CITY, April 16: Kuwait’s merchandise exports increased from $40.1 billion dollars in 2020 to $71.4 billion in 2021, ranking 47th globally and fourth in the Gulf in total merchandise exports, according to the latest data issued by the World Trade Organization, reports Al-Rai daily quoting sources from the World Trade Organization. The World Trade Organization data shows the value of global exports of goods and services amounted to $22.3 trillion in 2021.
Kuwait’s imports of goods also increased from $27.7 billion in 2020 to $33.2 billion in 2021, ranking 66th globally and third in the Gulf after the UAE, which imported goods worth $319 billion and ranked 21 globally, and Saudi Arabia with a value of $155 billion and came 32 globally, while Qatar imported goods worth $27.9 billion It ranks 68th in the world. In terms of the ranking of the Gulf countries in total merchandise exports, the UAE ranked first in 2021 and 17th globally after exporting $425 billion dollars, followed by Saudi Arabia second with 258 billion dollars to rank 18th globally, then Qatar in third place with 86.7 billion and 41st globally.
While mining and fuel products dominate Kuwait’s exports of goods, the country’s exports of commercial services until the third quarter of 2021 (according to the latest data available at the WTO) amounted to $3 billion, while the value of imports amounted to $6.5 billion for the same period. In 2020, Kuwait’s total exports of commercial services such as information, communication, computer, travel, transportation and financial services amounted to $6.7 billion, while it imported $17.4 billion for the same period.