Does Kuwait still use fuel oil?

Exports of relatively cleaner products such as jet fuel and diesel have increased since 2019, and fuel oil exports have declined.62 Kuwait can produce more middle distillates after its Clean Fuels Project refinery upgrade project, and it uses fuel oil domestically for its power plants.

How much oil did Kuwait Export in 2022?

Kuwait exported most of its crude oil and condensate production in 2022.13 Kuwait, one of the key members of the OPEC+ agreement, raised its crude oil output in 2022 by nearly 300,000 barrels per day (b/d) to 2.7 million b/d, similar to its 2019 average, after the OPEC+ members reversed the significant production cuts made in 2020.

What goods does Kuwait import in 2022?

For 2022, imports were led by motor cars, radio-telephony transmission tools, gold, medicaments, and iron or steel tubes (data Comtrade). Kuwait exports to a wide number of countries, with the main ones being the United Arab Emirates, India, Saudi Arabia, China, and Pakistan.

What countries does Kuwait Export to?

Kuwait exports to a wide number of countries, with the main ones being the United Arab Emirates, India, Saudi Arabia, China, and Pakistan. Kuwait's largest suppliers are China (18.8%), the UAE (11.9%), the United States (8.6%), India (5.5%), and Saudi Arabia (5.3% - data Comtrade).

How much energy does Kuwait use in 2021?

Kuwait’s economy consumed an estimated 1.6 quadrillion British thermal units (quads) of primary energy in 2021, up from 1.5 quads in 2020, after the country began to recover from the effects of the COVID-19 pandemic (Table 1).

Does Kuwait have a trade surplus?

The country's exports largely depend on its oil output and global oil prices, and Kuwait has been recording trade surpluses since 1993. In 2022, the export of goods increased to a record-high USD 101.2 billion (+60.4% y-o-y) amid high hydrocarbon prices, while imports stood at USD 32.3 billion (+1.4%).