Kuwait Times, Sunday, Aug 21, 2022 | Muharram 22, 1444
Non-oil Kuwaiti exports jump 60%
With a 60 percent increase, non-oil Kuwaiti exports during the first half of
this year reached KD 209.1 million, an increase of KD 78.5 million, compared to
KD 130.6 million in the same period last year.
“The main reason for the increase in exports comes from the great demand for
Kuwaiti products in Gulf Cooperation Council countries, which totaled KD 143.9
million in the first half of 2022, in comparison to KD 85.2 million in 2021,
while Kuwaiti exports to the Europe and the Americas have decreased regardless
of the return to normal life in these countries,” announced official sources
from the Ministry of Commerce and Industry to Kuwait Times.
“It is important to diversify and increase our exports through signing
commercial agreements with European and African countries, as well as countries
in the Americas, especially since Kuwaiti products are now able to compete
globally,” the ministry of commerce and industry insisted.
Kuwait’s exports to other Arab countries jumped to KD 49.5 million in the first
five months of 2022, compared to KD 22.2 million in the same period last year.