Kuwait ranks 47th globally in terms of merchandise exports – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

Kuwait ranks 47th globally in terms of merchandise exports – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

KUWAIT CITY, April 26: With the increase in the value of Kuwait’s merchandise exports from $ 40.1 billion in 2020 to $ 71.4 billion in 2021, Kuwait is in 47th position globally and fourth in the Gulf in terms of total merchandise exports, according to the latest data issued by the World Trade Organization, reports Al-Rai daily. Kuwait’s imports of goods also increased from $ 27.7 billion in 2020 to $ 33.2 billion in 2021, thereby ranking 66th globally and third in the Gulf after the UAE, which imported goods worth $ 319 billion and was ranked 21st globally, and Saudi Arabia with an import value of $ 155 billion and was ranked 32nd globally. Qatar imported goods worth $ 27.9 billion and it ranks 68th in the world. In terms of the ranking of the Gulf countries in total merchandise exports in 2021, the UAE ranked first in the Arab world and 17th globally after exporting goods worth USD 425 billion.

It is followed by Saudi Arabia in second place in the Arab world and in 18th place globally with export value of $ 258 billion. Qatar came in third place in the Arab world and 41st globally