Kuwait
On this page you will find beneficial information regarding foreign direct investment in / trading with Kuwait. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Constitutional Emirate
Population: 4.269 million (2022)
GDP: 175.4 billion USD (2022)
Corporate Tax Rate: 15%
Personal Income Tax Rate: 0%
Major Exports: The top exports of Kuwait are Crude Petroleum ($62.6B), Refined Petroleum ($16.8B), Petroleum Gas ($3.51B), Sulfonated, Nitrated or Nitrosated Hydrocarbons ($3.23B), and Acyclic Alcohols ($2.79B), exporting mostly to China ($24.3B), India ($15B), South Korea ($10.8B), Japan ($8.64B), and Chinese Taipei ($7.34B). In 2022, Kuwait was the world's biggest exporter of Sulfonated, Nitrated or Nitrosated Hydrocarbons ($3.23B).
Major Imports: The top imports of Kuwait are Cars ($5.12B), Gold ($3.25B), Jewellery ($2.95B), Packaged Medicaments ($1.42B), and Broadcasting Equipment ($1.35B), importing mostly from United Arab Emirates ($13B), China ($10.2B), Saudi Arabia ($5.91B), United States ($4.72B), and Japan ($2.57B). In 2022, Kuwait was the world's biggest importer of Sheep and Goats ($329M) and Cast Iron Pipes ($284M).
Investment Agency: Kuwait Direct Investment Promotion Authority
Website: https://kdipa.gov.kw/
National Chamber of Commerce: Kuwait Chamber of Commerce and Industry
Website: https://kuwaitchamber.org.kw/
Customs Agency: Kuwait General Administration of Customs
Website: https://www.customs.gov.kw/
