|Unit||Mil. KWD, NSA|
|Adjustments||Not Seasonally Adjusted|
|Balance of Goods||2020 Q4||838.1||1,093||Mil. KWD, NSA||Quarterly|
|Exports of Goods||2020 Q4||3,152||3,131||Mil. KWD, NSA||Quarterly|
|Imports of Goods||2020 Q4||2,314||2,037||Mil. KWD, NSA||Quarterly|
|Current Account Balance||2019||6,722||6,008||Mil. KWD, NSA||Annual|
|Exports of Goods and Services||2019||22,036||23,993||Mil. KWD||Annual|
|Imports of Goods and Services||2019||18,561||19,037||Mil. KWD||Annual|
|Real Exports of Goods and Services||2019||22,905||25,464||Mil. 2010 KWD||Annual|
|Real Imports of Goods and Services||2019||14,355||16,025||Mil. 2010 KWD||Annual|
|Net Exports||2017||843.3||-295.3||Mil. KWD||Annual|
|Real Net Exports||2017||9,854||12,384||Mil. 2010 KWD||Annual|
These trade series are quarterly and cover exports (total, non-oil vs oil), imports (total), and trade balance. The data are not seasonally adjusted.
Data on merchandise trade are compiled by the Central Bank of Kuwait (CBK) and the Central Statistical Office (CSO), which is part of the Ministry of Planning. Data on exports of crude oil and oil products are provided by the Ministry of Oil (MO) to the CBK. MO data provided to the CBK show quantity shipped by type of product and the average free on board (f.o.b.). price for each product. These data are used by the CBK to estimate the value of exports for each month. Data on f.o.b. exports and imports, including nonmonetary gold, valued on a cost, insurance, and freight (c.i.f.) basis are provided by the CSO and are based on customs returns. The c.i.f. imports are adjusted to the f.o.b. basis by deducting 15 percent for the cost of freight (14 percent) and insurance (1 percent). The CBK further adjusts import and export data for goods not included in customs-based statistics; these adjustments include goods procured in ports (bunkers, stores and provisions), repairs of equipment, and exports and imports of new or used aircraft and vessels.
The Central Statistical Office (CSO) applied the Harmonized System for the classification of commodities in Foreign Trade Statistics, beginning with year 2000 data, in replacement of the Standard International Trade Classification (SITC). The adoption of the Harmonized System is in keeping with the recommendations of the UN Statistics Division.