Kuwait
Kuwait, also known as the State of Kuwait is a country located in the Western part of Asia. When it comes to the largest oil reserves in the world, Kuwait ranks 5th, which is very considerable. The oil reserves in Kuwait make up about 8% of the total oil reserves in the world.
Kuwait City is located on Kuwait Bay, a natural deep-water harbor. Kuwait city has most of the country’s population, which makes Kuwait one of the world’s most urbanized countries.
Kuwait in Brief:
Capital:
Kuwait
Language:
Arabic
Currency:
Kuwaiti dinar (KD)
Time Zone:
(GMT+3)
Kuwait & Logistics:
Kuwait is OPEC’s third-largest producer of oil in the world. About 104 billion barrels of oil are produced in Kuwait. About 85% of the exports the country makes are on petroleum products. About 80% of the country’s income is generated from the export of petroleum and petroleum products.
Although there are no railways in the country, Kuwait has a modern road system linking it with its neighbors, as well as a large international airport, Kuwait International Airport, which is located just south of the capital. Kuwait Airways Corporation, a state-owned enterprise, serves a number of international routes. The country’s port facilities and its fleet of oil tankers and general cargo ships have been expanded.
The ports and harbors located in Kuwait are listed below Specialised Features for Kuwait Region:
- 3 Decimal currency
- Arabic Invoice
The top Exports of Kuwait are:
- Crude Petroleum($31.3B)
- Refined Petroleum ($5.68B)
- Petroleum Gas ($2B)
- Acyclic Alcohols ($1.03B)
- Cyclic Hydrocarbons ($1.02B)
The top Imports of Kuwait are:
- Cars ($2.62B)
- Broadcasting Equipment ($1.6B)
- Packaged Medicaments ($925M)
- Valves ($692M)
- Jewellery ($691M)
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