In accordance with current industrial indicators, Kuwait presently has 930 working factories using a complete of 149,120 staff. Information from the economic platform confirmed that small factories dominate the sector, accounting for 786 institutions or 84.5 p.c of all factories within the nation.
Medium-sized factories quantity 80, representing 8.6 p.c, whereas 64 massive factories make up the remaining 6.8 p.c.
By way of funding, massive factories maintain the lion’s share at 77.1 p.c, equal to $1.2 billion. Medium factories account for $279.19 million, or 16.8 p.c, whereas small factories symbolize $98.49 million, or 5.9 p.c of whole investments.
The labor power is equally concentrated in smaller operations, with 117,160 staff — 78.5 p.c of the whole — employed by small factories. Giant factories make use of 12.2 p.c of the workforce, whereas medium factories account for 9.2 p.c.
Commerce knowledge revealed that Kuwait’s whole imports reached $37.2 billion, with exports valued at $83.5 billion and re-exports at $1.9 billion. The United Arab Emirates ranked as Kuwait’s prime export vacation spot with 1.4 p.c of whole exports, adopted by India, Saudi Arabia, China, Pakistan, Iraq, Qatar, Egypt, and Jordan.
Gasoline manufacturing leads Kuwait’s key manufacturing sectors, representing 8.12 p.c of whole industrial funding. It’s adopted by the manufacturing of wall and ground supplies, plastics, iron and metal pipes, air-con models, metallic buildings, ready-mix concrete, and dairy merchandise resembling milk and yogurt.
Petroleum and mineral oils stay Kuwait’s prime export merchandise, accounting for 59.6 p.c of whole exports. They’re adopted by gas oils, diesel, naphtha, propane and butane gases, sulfonated hydrocarbon derivatives, ethylene glycol, and engine fuels.
On the import aspect, smartphones topped the record with 3.18 p.c, adopted carefully by jewellery at 3.14 p.c and SUVs at 3 p.c. Different main imports embrace newer-model autos at 2.87 p.c, medicines at 2.7 p.c, gold bullion at 2.4 p.c, and pipes utilized in oil and gasoline exploration at 1.3 p.c.
China ranked as Kuwait’s largest import accomplice with 19.9 p.c of whole imports, adopted by Japan at 6.17 p.c, Germany at 4.4 p.c, and France at 2.4 p.c. Different key companions embrace the UAE, India, Italy, the USA, Saudi Arabia, and Switzerland.
Throughout the Gulf area, industrial indicators present a complete of twenty-two,013 factories using 2.55 million staff, with mixed exports valued at $531.85 billion and imports at $528.61 billion. Complete industrial investments within the Gulf quantity to $403.64 billion, and the sector contributes 12.79 p.c to the area’s GDP.
Saudi Arabia leads with 9,094 factories and $245.2 billion in industrial investments, adopted by the UAE with 7,328 factories, Oman with 1,932, Qatar with 989, Kuwait with 930, and Bahrain with 930. Kuwait’s industrial investments are valued at roughly $1.6 billion.