EU’s trade with Kuwait slows this year

Imports and exports of goods between the European Union (EU) and Kuwait declined in the first six months of 2019, as compared to the previous year, according to the single currency bloc’s statistical office, the Eurostat. EU imports from Kuwait totaled 1.42 billion euros (US$ 1.57 billion) in January to June of 2018, while it was valued at 1.25 billion euros (US$ 1.38 billion) for the same period a year earlier.

EU exports to Kuwait in January to June of 2018 totaled 2.86 billion euros (US$ 3.1 billion), while for the same period in 2019, it was worth 2.59 billion euros (US$ 2.8 billion). Meanwhile, the EU’s imports from Kuwait in January to June of 2018 totaled 1.14 billion euros (US$ 1.26 billion), while in the first half of this year, European imports from Kuwait reached 735 .4 million euros (US$ 815.4 billion). The EU’s exports to Kuwait in the first six months of 2018 totaled 2.7 billion euros (US$ 2.9 billion), while for the same period in 2019, it reached 2.1 billion euros (US$ 2.3 billion).

Mineral fuels, lubricants and related materials are the bulk of the EU’s imports from Kuwait, statistics showed, while machinery, transport equipment, chemicals and related products are its main export items to the Gulf state.