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Kuwait was the world's biggest exporter of sulfonated, nitrated and nitrosated hydrocarbons in 2019. [121] Kuwait was ranked 63rd out of 157 countries in the 2019 Economic Complexity Index (ECI). [121] Iraq was Kuwait's leading export market in 2019 and food/agricultural products accounted for 94.2% of total export commodities. [122]
The Kuwaiti embassy is located in Washington, D.C. [3]. Ambassador Salem Abdullah Al-Jaber Al-Sabah [4]; On 4 May 2022, US First Lady Dr Jill Biden attended the Kuwait-America Foundation gala dinner as guest of honour which was held at the Kuwait Embassy in the nation’s capital in support of the United Nations High Commissioner for Refugees (UNHCR) impactful work worldwide.
In 2007, Kuwait exported $2.3 billion worth of goods to China ($2.1 billion of which was oil) and Kuwait imported $1.3 billion of goods from China. In 2007, Kuwait supplied China with 95,000 barrels (15,100 m 3) of oil per day, accounting for 2.6% of China's total crude oil imports. Saudi Arabia was China's top supplier with its shipments ...
[40] [41] Kuwait also exports chemical fertilizers. [42] The per capita GDP is $51,912. [43] As part of a diversification plan the Kuwaiti government has invested its revenues and maintains a sizable sovereign wealth fund. In 2008 these investments accounted for more than half of Kuwait's GDP. [44] 60% of Kuwait's work force are non-Kuwaitis. [45]
Kuwait Direct Investment Promotion Authority (KDIPA) was established in 2013. It is a governmental organization that advances economic diversification , growth, and Kuwait's global competitiveness. It was established in alignment with Kuwait's goal of diminishing its dependence on oil-generated revenues and broadening its economic base.
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An oil refinery in Mina-Al-Ahmadi, Kuwait. The petroleum industry in Kuwait is the largest industry in the country, accounting nearly half of the country's GDP.Kuwait has proven crude oil reserves of 104 billion barrels (15 km 3), [1] estimated to be 9% of the world's reserves.
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