Kuwait

• Anthem: «an-Našīd al-Waṭanī » is the title of the Kuwaiti national anthem written by poet Ahmad Meshari al-Adwani with music by Ibrahim al-Soula and Ahmad Ali who arranged the composition. It was first broadcast on 25 February 1978.
• Official languages: Arabic.
• Geographical location: it is a country in Western Asia. Situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, it shares borders with Iraq and Saudi Arabia.
• Administrative divisions: Kuwait is divided into six governorates. The governorates are further subdivided into areas.
• Capital: Kuwait City.
• Governance: Kuwait is a constitutional emirate with a semi-democratic political system. The hybrid political system is divided between an elected parliament and appointed government. The prime minister chooses the cabinet (government). The appointment of a new government requires the approval of the National Assembly. The prime minister is a member of the ruling family and is appointed by the Emir.
• Population: 4.27 million.
• Currency: Kuwaiti dinar.
• GDP: $135.39 billion.
• Time zone: GMT +3.
• Telephone code: +965.
• Barcode: 627.

Trade and economic cooperation between the Republic of Belarus and Kuwait

Trade of the Republic of Belarus with the State of Kuwait does not have stable dynamics. In 1993 — 2008 single export-import deliveries in small volumes were noted. In 2009 — 2020 the basis of Belarusian exports to Kuwait was oil products.

In 2020, the volume of Belarusian exports to Kuwait amounted to $922.7 thousand (22.6% compared to 2019).

Belarus's Most Valuable Export Products:

• Potassic fertilizers;
• Fiberglass;
• Aluminium metal constructions;
• Steel structures made of ferrous metals.

Dynamics of trade between Belarus and Kuwait (in thousand U.S. dollars)

Belarus's most valuable products, imported by Kuwait:

• Potassic fertilizers;
• Glass fibres;
• Aluminium structures;
• Builders' joinery and carpentry of wood;
• X-ray equipment;
• Structures of iron or steel;
• Wood.

Belarus's most promising products to export to Kuwait:

• Vehicles, except railway or tramway rolling stock, and their parts and accessories;
• Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof;
• Electrical machines and apparatus, parts thereof;
• Sound recording and reproducing apparatus; TV image and sound recording and reproducing apparatus; their parts and accessories;
• Articles of iron or steel;
• Pharmaceutical products;
• Ferrous metals;
• Plastics and articles thereof;
• Furniture;
• Lamps and light fittings;
• Sensitive instruments and appliances used for measuring or checking in optics, photography, cinematography, medical or surgical sciences; their parts and accessories;
• Dairy products;
• Birds' eggs;
• Natural honey;
• Edible products of animal origin, not elsewhere specified or included;
• Articles of apparel and clothing accessories;
• Meat and edible meat offal;
• Wood and articles thereof;
• Wood charcoal;
• Rubber and articles thereof;
• Chemical yarns

Taking into account large-scale government projects being implemented in Kuwait, including the ambitious Kuwait Vision 2035 plan for infrastructure development, the construction of residential areas, the modernization of logistics hubs and oil refineries, the development of the social sector and health care, it is prospective to build up items already present in export product range (truck tractors, trucks, fiberglass), as well as new products (road and construction equipment, construction products, products of wood and ferrous metals, furniture, plastic products, medical devices and devices, food products, fabrics from woolen yarn).

An important component of bilateral economic relations is the cooperation of Belarus with the Kuwait Fund for Arab Economic Development (KFAER), which began in 1992 on the basis of an intergovernmental Agreement on Economic, Commercial and Technical Cooperation.

On April 29, 2002, an agreement was signed between the Republic of Belarus and the CFAER to provide a long-term soft loan in the amount of $17 million (at 4.5 percent per annum for a period of 20 years, including a 4-year deferred payment period) to finance the reconstruction of the polyester plant threads at Svetlogorsk Khimvolokno. In 2004, a Belarusian company completed the drowdown, the project was successfully implemented.

Currently, cooperation is being carried out with the CFAER on the issue of allocation of borrowed funds for the implementation in Belarus of projects aimed at developing social infrastructure.

This article has been prepared on the basis of information provided by the National Centre for Marketing and Price Study of the Ministry of Foreign Affairs, and the Embassy of the Republic of Belarus in the United Arab Emirates, and taken from public sources. The information presented herein is for informative purposes only. In this regard, it may be useful for the companies, which have been working in Kuwait for a long time, as well as for those, which are going to enter this market. Any questions, feedbacks and comments concerning this article are welcome. All of them will be fully considered and taken into account, if possible. If you have any information that may be interesting and useful for the visitors of this page, please write to us.

When using the materials of this article, the link to Export.by is obligatory.

Best wishes,

Administration of Export.by

Back to Country Guidebooks List