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: 4.250 million (2021)
GDP: 106 billion USD (2020)
Corporate Tax Rate: 15%
Personal Income Tax Rate: 0%
Major Exports: Crude Petroleum ($40.1B), Refined Petroleum ($7.57B), Petroleum Gas ($2.62B), Cyclic Hydrocarbons ($1.28B), and Sulfonated, Nitrated or Nitrosated Hydrocarbons ($1.02B), exporting mostly to China ($16B), India ($8.72B), South Korea ($7.23B), Japan ($5.79B), and Vietnam ($4.1B).
Major Imports: Cars ($2.84B), Petroleum Gas ($2.13B), Gold ($1.06B), Jewellery ($1.04B), and Packaged Medicaments ($833M), importing mostly from China ($5B), United Arab Emirates ($4.69B), United States ($2.85B), Saudi Arabia ($2.04B), and Japan ($1.61B).
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/
