Key Market Indicators
The export of electrical equipment from Kuwait is expected to reach $210 million by 2026, up from $195 million in 2021. This marks an average growth of 1.3% year-on-year since 2005. In 2021, Kuwait was ranked 77th, with Costa Rica overtaking it at $195 million. South Korea, the United States, and Germany occupied the second, third, and fourth positions, respectively. Meanwhile, the import of electrical equipment into Kuwait is predicted to reach $5.5 billion by 2026, up from $4.7 billion in 2021. This shows an average growth of 2.6% year-on-year since 2005. In 2021, Kuwait was ranked 49th, with Algeria overtaking it at $4.7 billion. The United States, Germany, and Singapore held the second, third, and fourth positions, respectively.
