Kuwait’s exports fall 37.6% in Q4-15

Kuwait-Mubasher: The overall exports in Kuwait decreased 37.6% in the fourth quarter of 2015 as compared to the same period of 2014, according to data issued by the Central Statistical Bureau in Kuwait.

Kuwait’s exports amounted to KWD 3.532 billion ($11.756 billion) in Q4-15, Kuwait News Agency said according to the issued data.

Imports to Kuwait stood at KWD 2.483 billion ($8.264 billion) in Q4-15, 7.7% higher from its value in Q4-14.

The country’s trade exchange declined by 24.5% on an annual basis to reach KWD 6 billion ($19.970 billion) in Q4-15 as compared to KWD 7.962 billion ($26.501 billion) in Q4-14.

 

Mubasher Contribution Time: 06-Mar-2016 12:55 (GMT)