Imports

Alibrahim

KuwaitsTradewiththeWorld.pptx

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Kuwait’s Trade with the World

Sayed Tareq Rajab

Ali Albraheem

Ahmad Faidi

Pearls to Oil (History)

Main Export Destinations: South Korea, India, Japan.

Select components to represent exports

Exports contain mostly oil products

Oil Price: $111.7/barrel

2012 Exports ($92.4B)

2012 Exports ($92.4B) Crude Petroleum (71%) Refined Petroleum (20%) Petroleum Gas (3.9%) Cyclic Hydrocarbons (1.6%) Cars (0%) Jewelry (0.011%) Scrap Copper (0.066%) Other (3.32%) 0.71000000000000063 0.2 3.9000000000000055E-2 1.6000000000000045E-2 0 1.1000000000000042E-4 6.600000000000013E-4 3.3200000000000042E-2

Smaller export value

Export of cars begins

More non-oil exports

Indication of export diversification

Oil Price: $98.9/barrel

2014 Exports ($87.4B)

2014 Exports ($87.4B) Crude Petroleum (66%) Refined Petroleum (20%) Petroleum Gas (3.9%) Cyclic Hydrocarbons (1.9%) Cars (0.62%) Jewelry (0.27%) Scrap Copper (0.075%) Other (7.2%) 0.66000000000000203 0.2 3.9000000000000014E-2 1.9000000000000052E-2 6.2000000000000163E-3 2.7000000000000066E-3 7.5000000000000197E-4 7.1999999999999995E-2

Drop in oil prices = smaller value of exports

Exports are dependent on oil price

Data suggests movement towards non-oil exports

Oil Price: $54.2/barrel

2017 Exports ($45.9B)

2017 Exports Crude Petroleum (68%) Refined Petroleum (12%) Petroleum Gas (4.4%) Cyclic Hydrocarbons (2.2%) Cars (1.3%) Jewelry (0.38%) Scrap Copper (0.15%) Other (11.57%) 0.68 0.12000000000000002 4.3999999999999997E-2 2.1999999999999999E-2 1.2999999999999998E-2 3.8000000000000043E-3 1.5000000000000024E-3 0.11570000000000009

Major import origins: United States, China, Japan.

Largely transportation, machines, and metals.

2012 Imports ($18.2B)

2012 Imports ($18.2B) Transportation (27.2%) Machines (21.5%) Metals (9.2%) Chemical Products (6%) Animal Products (4.8%) Instruments (3.2%) Other (27.6%) 0.27200000000000002 0.21500000000000022 9.2000000000000026E-2 6.0000000000000032E-2 4.8000000000000001E-2 3.2000000000000042E-2 0.27600000000000002

Import value almost doubles

New major import partner: UAE

Larger variety of products

2014 Imports ($34.6B) Transportation (20%) Machines (20.5%) Metals (8.7%) Chemical Products (7.4%) Animal Products (4.2%) Instruments (2.7%) Other (36.5%) 0.19500000000000001 0.20500000000000004 8.7000000000000022E-2 7.3999999999999996E-2 4.2000000000000023E-2 2.7000000000000048E-2 0.36500000000000032

Larger variety of goods

Less focus on transportation goods

2017 Imports ($33.4B) Transportation (12%) Machines (27.3%) Metals (11.6%) Chemical Products (9.1%) Animal Products (4.5%) Instruments (3.7%) Other (31.8%) 0.11700000000000002 0.27300000000000002 0.11600000000000002 9.1000000000000025E-2 4.5000000000000012E-2 3.6999999999999998E-2 0.31800000000000073

The Future (Conclusion)

Kuwait is relying less on oil for exports, and more on other goods.

Kuwait’s import value and variety of products imported has increased.

Citations

"Average Brent Crude Oil Price By Year Chart 1990-2017". Coachmanenergyoperating.Com, 2019, https://www.coachmanenergyoperating.com/crude-oil-price-by-year-chart/. Accessed 4 May 2019.

"Information Center Kuwait Oil History". Kpc.Com.Kw, 2019, https://www.kpc.com.kw/InformationCenter/Pages/Kuwait-Oil-History.aspx.

Merza, Ebrahim. "OIL EXPORTS, NON-OIL EXPORTS AND ECONOMIC GROWTH: TIME SERIES ANALYSIS FOR KUWAIT (1970-2004)". Krex.K-State.Edu, 2007, https://krex.k-state.edu/dspace/bitstream/handle/2097/293/EbrahimMerza2007.pdf?sequence=1&isAllowed=y. Accessed 29 Apr 2019.

"OEC - Kuwait (KWT) Exports, Imports, And Trade Partners". Atlas.Media.Mit.Edu, 2019, https://atlas.media.mit.edu/en/profile/country/kwt/a