{
  "pageType": "exporter-price-positioning",
  "source": "reported",
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com"
  },
  "canonical": "https://www.yugalinks.com/trade/price-exporter/kwt/270900",
  "page": {
    "title": "Kuwait HS6 270900 Export Price Comparison | Yugalinks",
    "description": "Compare reported Kuwait export prices for HS6 270900. See the median unit value, destination comparisons, trade value, and annual price trends.",
    "route": "/trade/price-exporter/kwt/270900"
  },
  "exporter": {
    "iso3": "KWT",
    "name": "Kuwait"
  },
  "product": {
    "hs_code": "270900",
    "description": "Oils: petroleum oils and oils obtained from bituminous minerals, crude"
  },
  "summary": {
    "num_markets": 29,
    "highest_price_importer_iso3": "ZMB",
    "highest_price_usd_per_ton": 74569.12798529529,
    "lowest_price_importer_iso3": "PHL",
    "lowest_price_usd_per_ton": 9.040001421053379,
    "median_price_across_markets": 481.87223106122315,
    "price_spread_pct": 15472.999516836899,
    "avg_quantity_metric_tons": 5750867.96495122,
    "total_trade_value_usd": 227628924218
  },
  "marketRows": [
    {
      "year": 2023,
      "exporter_iso3": "KWT",
      "importer_iso3": "CHN",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 613.3526868111446,
      "quantity_metric_tons": 24812540.224,
      "trade_value_usd": 15218838213,
      "market_median_price_usd_per_ton": 609.5330232715909,
      "price_vs_median_pct": 0.6266540767639113,
      "price_position": "Mid"
    },
    {
      "year": 2023,
      "exporter_iso3": "KWT",
      "importer_iso3": "KOR",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 613.1354867956686,
      "quantity_metric_tons": 13546464,
      "trade_value_usd": 8305817799,
      "market_median_price_usd_per_ton": 668.6234504088538,
      "price_vs_median_pct": -8.29883600092924,
      "price_position": "Mid"
    },
    {
      "year": 2023,
      "exporter_iso3": "KWT",
      "importer_iso3": "JPN",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 625.6008360216299,
      "quantity_metric_tons": 11485588,
      "trade_value_usd": 7185393455,
      "market_median_price_usd_per_ton": 644.5782061240653,
      "price_vs_median_pct": -2.944153234182224,
      "price_position": "Mid"
    },
    {
      "year": 2023,
      "exporter_iso3": "KWT",
      "importer_iso3": "VNM",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 617.4046027307116,
      "quantity_metric_tons": 9011282.649,
      "trade_value_usd": 5563607384,
      "market_median_price_usd_per_ton": 694.7006380319605,
      "price_vs_median_pct": -11.126524299765036,
      "price_position": "Mid"
    },
    {
      "year": 2023,
      "exporter_iso3": "KWT",
      "importer_iso3": "IND",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 632.4982637220695,
      "quantity_metric_tons": 7618020,
      "trade_value_usd": 4818384423,
      "market_median_price_usd_per_ton": 627.5716586151369,
      "price_vs_median_pct": 0.7850267040108422,
      "price_position": "Mid"
    },
    {
      "year": 2023,
      "exporter_iso3": "KWT",
      "importer_iso3": "S19",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 539.8440540957528,
      "quantity_metric_tons": 8108363,
      "trade_value_usd": 4377251554,
      "market_median_price_usd_per_ton": 539.8440540957528,
      "price_vs_median_pct": 0,
      "price_position": "Mid"
    },
    {
      "year": 2023,
      "exporter_iso3": "KWT",
      "importer_iso3": "OMN",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 609.5330233844888,
      "quantity_metric_tons": 2478039.888,
      "trade_value_usd": 1510447145,
      "market_median_price_usd_per_ton": 609.5638465580663,
      "price_vs_median_pct": -0.005056594768784997,
      "price_position": "Mid"
    },
    {
      "year": 2017,
      "exporter_iso3": "KWT",
      "importer_iso3": "ITA",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 365.78537642735,
      "quantity_metric_tons": 3409290,
      "trade_value_usd": 1247068426,
      "market_median_price_usd_per_ton": 397.38011388885826,
      "price_vs_median_pct": -7.950759576848093,
      "price_position": "Mid"
    },
    {
      "year": 2023,
      "exporter_iso3": "KWT",
      "importer_iso3": "EGY",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 621.6665706357386,
      "quantity_metric_tons": 1385369.651,
      "trade_value_usd": 861238000,
      "market_median_price_usd_per_ton": 621.6665706694644,
      "price_vs_median_pct": -5.425057488291059e-9,
      "price_position": "Mid"
    },
    {
      "year": 2023,
      "exporter_iso3": "KWT",
      "importer_iso3": "USA",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 533.9185181114835,
      "quantity_metric_tons": 1186957.737,
      "trade_value_usd": 633738716,
      "market_median_price_usd_per_ton": 548.9422803558125,
      "price_vs_median_pct": -2.736856456855698,
      "price_position": "Mid"
    },
    {
      "year": 2023,
      "exporter_iso3": "KWT",
      "importer_iso3": "MYS",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 633.5754497668833,
      "quantity_metric_tons": 619432,
      "trade_value_usd": 392456908,
      "market_median_price_usd_per_ton": 633.5754497668833,
      "price_vs_median_pct": 0,
      "price_position": "Mid"
    },
    {
      "year": 2022,
      "exporter_iso3": "KWT",
      "importer_iso3": "THA",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 758.6378995893389,
      "quantity_metric_tons": 496760,
      "trade_value_usd": 376860963,
      "market_median_price_usd_per_ton": 812.556166452793,
      "price_vs_median_pct": -6.635635675356929,
      "price_position": "Mid"
    },
    {
      "year": 2023,
      "exporter_iso3": "KWT",
      "importer_iso3": "PHL",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 9.040001421053379,
      "quantity_metric_tons": 21111100,
      "trade_value_usd": 190844374,
      "market_median_price_usd_per_ton": 36.84304057979206,
      "price_vs_median_pct": -75.46347619850978,
      "price_position": "Budget"
    },
    {
      "year": 2023,
      "exporter_iso3": "KWT",
      "importer_iso3": "QAT",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 609.533023627534,
      "quantity_metric_tons": 298919.599,
      "trade_value_usd": 182201367,
      "market_median_price_usd_per_ton": 609.53302495816,
      "price_vs_median_pct": -2.1830252621748026e-7,
      "price_position": "Mid"
    },
    {
      "year": 2019,
      "exporter_iso3": "KWT",
      "importer_iso3": "ZMB",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 74569.12798529529,
      "quantity_metric_tons": 1873.684,
      "trade_value_usd": 139718982,
      "market_median_price_usd_per_ton": 5199.999999999999,
      "price_vs_median_pct": 1334.0216920249097,
      "price_position": "Premium"
    }
  ],
  "marketAggregates": [
    {
      "importer_iso3": "CHN",
      "latest_year": 2023,
      "latest_unit_value_usd_per_ton": 613.3526868111446,
      "market_median_price_usd_per_ton": 609.5330232715909,
      "price_vs_median_pct": 0.6266540767639113,
      "price_position": "Mid",
      "prior_year": 2022,
      "yoy_change_pct": -17.024038547869647,
      "first_year": 2017,
      "period_change_pct": 57.97918129965394,
      "period_trade_value_usd": 66705246534,
      "observed_years": 5
    },
    {
      "importer_iso3": "KOR",
      "latest_year": 2023,
      "latest_unit_value_usd_per_ton": 613.1354867956686,
      "market_median_price_usd_per_ton": 668.6234504088538,
      "price_vs_median_pct": -8.29883600092924,
      "price_position": "Mid",
      "prior_year": 2022,
      "yoy_change_pct": -17.77827305680182,
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      "period_change_pct": 63.558471856641255,
      "period_trade_value_usd": 42734460387,
      "observed_years": 5
    },
    {
      "importer_iso3": "JPN",
      "latest_year": 2023,
      "latest_unit_value_usd_per_ton": 625.6008360216299,
      "market_median_price_usd_per_ton": 644.5782061240653,
      "price_vs_median_pct": -2.944153234182224,
      "price_position": "Mid",
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      "first_year": 2017,
      "period_change_pct": 64.27269238875992,
      "period_trade_value_usd": 29940074329,
      "observed_years": 5
    },
    {
      "importer_iso3": "VNM",
      "latest_year": 2023,
      "latest_unit_value_usd_per_ton": 617.4046027307116,
      "market_median_price_usd_per_ton": 694.7006380319605,
      "price_vs_median_pct": -11.126524299765036,
      "price_position": "Mid",
      "prior_year": 2022,
      "yoy_change_pct": -15.824402623453837,
      "first_year": 2019,
      "period_change_pct": 30.681666722236333,
      "period_trade_value_usd": 18480210045,
      "observed_years": 4
    },
    {
      "importer_iso3": "IND",
      "latest_year": 2023,
      "latest_unit_value_usd_per_ton": 632.4982637220695,
      "market_median_price_usd_per_ton": 627.5716586151369,
      "price_vs_median_pct": 0.7850267040108422,
      "price_position": "Mid",
      "prior_year": 2022,
      "yoy_change_pct": -11.522997455641715,
      "first_year": 2017,
      "period_change_pct": 63.44265989636217,
      "period_trade_value_usd": 26607773524,
      "observed_years": 5
    },
    {
      "importer_iso3": "S19",
      "latest_year": 2023,
      "latest_unit_value_usd_per_ton": 539.8440540957528,
      "market_median_price_usd_per_ton": 539.8440540957528,
      "price_vs_median_pct": 0,
      "price_position": "Mid",
      "prior_year": 2022,
      "yoy_change_pct": -17.90478968871009,
      "first_year": 2017,
      "period_change_pct": 42.65223649085033,
      "period_trade_value_usd": 20589154168,
      "observed_years": 5
    },
    {
      "importer_iso3": "OMN",
      "latest_year": 2023,
      "latest_unit_value_usd_per_ton": 609.5330233844888,
      "market_median_price_usd_per_ton": 609.5638465580663,
      "price_vs_median_pct": -0.005056594768784997,
      "price_position": "Mid",
      "prior_year": null,
      "yoy_change_pct": null,
      "first_year": 2023,
      "period_change_pct": 0,
      "period_trade_value_usd": 1510447145,
      "observed_years": 1
    },
    {
      "importer_iso3": "ITA",
      "latest_year": 2017,
      "latest_unit_value_usd_per_ton": 365.78537642735,
      "market_median_price_usd_per_ton": 397.38011388885826,
      "price_vs_median_pct": -7.950759576848093,
      "price_position": "Mid",
      "prior_year": null,
      "yoy_change_pct": null,
      "first_year": 2017,
      "period_change_pct": 0,
      "period_trade_value_usd": 1247068426,
      "observed_years": 1
    },
    {
      "importer_iso3": "EGY",
      "latest_year": 2023,
      "latest_unit_value_usd_per_ton": 621.6665706357386,
      "market_median_price_usd_per_ton": 621.6665706694644,
      "price_vs_median_pct": -5.425057488291059e-9,
      "price_position": "Mid",
      "prior_year": 2022,
      "yoy_change_pct": -17.555614164495392,
      "first_year": 2022,
      "period_change_pct": -17.555614164495392,
      "period_trade_value_usd": 3004528000,
      "observed_years": 2
    },
    {
      "importer_iso3": "USA",
      "latest_year": 2023,
      "latest_unit_value_usd_per_ton": 533.9185181114835,
      "market_median_price_usd_per_ton": 548.9422803558125,
      "price_vs_median_pct": -2.736856456855698,
      "price_position": "Mid",
      "prior_year": 2022,
      "yoy_change_pct": -7.873941977537502,
      "first_year": 2017,
      "period_change_pct": 33.01941277233165,
      "period_trade_value_usd": 5818199533,
      "observed_years": 5
    },
    {
      "importer_iso3": "MYS",
      "latest_year": 2023,
      "latest_unit_value_usd_per_ton": 633.5754497668833,
      "market_median_price_usd_per_ton": 633.5754497668833,
      "price_vs_median_pct": 0,
      "price_position": "Mid",
      "prior_year": 2022,
      "yoy_change_pct": -16.048402828119844,
      "first_year": 2017,
      "period_change_pct": 61.84423707515525,
      "period_trade_value_usd": 1187692176,
      "observed_years": 5
    },
    {
      "importer_iso3": "THA",
      "latest_year": 2022,
      "latest_unit_value_usd_per_ton": 758.6378995893389,
      "market_median_price_usd_per_ton": 812.556166452793,
      "price_vs_median_pct": -6.635635675356929,
      "price_position": "Mid",
      "prior_year": 2020,
      "yoy_change_pct": 160.59662603474686,
      "first_year": 2017,
      "period_change_pct": 131.34005926670093,
      "period_trade_value_usd": 1078538258,
      "observed_years": 4
    },
    {
      "importer_iso3": "PHL",
      "latest_year": 2023,
      "latest_unit_value_usd_per_ton": 9.040001421053379,
      "market_median_price_usd_per_ton": 36.84304057979206,
      "price_vs_median_pct": -75.46347619850978,
      "price_position": "Below",
      "prior_year": 2022,
      "yoy_change_pct": -98.17891013416511,
      "first_year": 2019,
      "period_change_pct": -97.22417234120856,
      "period_trade_value_usd": 1382873335,
      "observed_years": 4
    },
    {
      "importer_iso3": "QAT",
      "latest_year": 2023,
      "latest_unit_value_usd_per_ton": 609.533023627534,
      "market_median_price_usd_per_ton": 609.53302495816,
      "price_vs_median_pct": -2.1830252621748026e-7,
      "price_position": "Mid",
      "prior_year": null,
      "yoy_change_pct": null,
      "first_year": 2023,
      "period_change_pct": 0,
      "period_trade_value_usd": 182201367,
      "observed_years": 1
    },
    {
      "importer_iso3": "ZMB",
      "latest_year": 2019,
      "latest_unit_value_usd_per_ton": 74569.12798529529,
      "market_median_price_usd_per_ton": 5199.999999999999,
      "price_vs_median_pct": 1334.0216920249097,
      "price_position": "Above",
      "prior_year": 2017,
      "yoy_change_pct": 0.5034270238696292,
      "first_year": 2017,
      "period_change_pct": 0.5034270238696292,
      "period_trade_value_usd": 568500219,
      "observed_years": 2
    }
  ],
  "trendRows": [
    {
      "importer_iso3": "CHN",
      "position": "Mid",
      "values": [
        {
          "year": 2017,
          "unit_value_usd_per_ton": 388.2490602655682
        },
        {
          "year": 2019,
          "unit_value_usd_per_ton": 476.6394920830808
        },
        {
          "year": 2020,
          "unit_value_usd_per_ton": 326.80322534893185
        },
        {
          "year": 2022,
          "unit_value_usd_per_ton": 739.1932266611865
        },
        {
          "year": 2023,
          "unit_value_usd_per_ton": 613.3526868111446
        }
      ]
    },
    {
      "importer_iso3": "KOR",
      "position": "Mid",
      "values": [
        {
          "year": 2017,
          "unit_value_usd_per_ton": 374.87234983039025
        },
        {
          "year": 2019,
          "unit_value_usd_per_ton": 477.7213005415115
        },
        {
          "year": 2020,
          "unit_value_usd_per_ton": 302.4006590224371
        },
        {
          "year": 2022,
          "unit_value_usd_per_ton": 745.7098136837303
        },
        {
          "year": 2023,
          "unit_value_usd_per_ton": 613.1354867956686
        }
      ]
    },
    {
      "importer_iso3": "JPN",
      "position": "Mid",
      "values": [
        {
          "year": 2017,
          "unit_value_usd_per_ton": 380.8306949405278
        },
        {
          "year": 2019,
          "unit_value_usd_per_ton": 487.17471302165245
        },
        {
          "year": 2020,
          "unit_value_usd_per_ton": 344.8383488739699
        },
        {
          "year": 2022,
          "unit_value_usd_per_ton": 746.5346679846493
        },
        {
          "year": 2023,
          "unit_value_usd_per_ton": 625.6008360216299
        }
      ]
    },
    {
      "importer_iso3": "VNM",
      "position": "Mid",
      "values": [
        {
          "year": 2019,
          "unit_value_usd_per_ton": 472.4492870472827
        },
        {
          "year": 2020,
          "unit_value_usd_per_ton": 325.08420002984315
        },
        {
          "year": 2022,
          "unit_value_usd_per_ton": 733.4721961863249
        },
        {
          "year": 2023,
          "unit_value_usd_per_ton": 617.4046027307116
        }
      ]
    },
    {
      "importer_iso3": "IND",
      "position": "Mid",
      "values": [
        {
          "year": 2017,
          "unit_value_usd_per_ton": 386.98480808078637
        },
        {
          "year": 2019,
          "unit_value_usd_per_ton": 473.9036988420273
        },
        {
          "year": 2020,
          "unit_value_usd_per_ton": 334.419336876213
        },
        {
          "year": 2022,
          "unit_value_usd_per_ton": 714.8730693096933
        },
        {
          "year": 2023,
          "unit_value_usd_per_ton": 632.4982637220695
        }
      ]
    }
  ],
  "annualRows": [
    {
      "year": 2017,
      "weighted_unit_value_usd_per_ton": 386.43796105336594,
      "trade_value_usd": 33630183708,
      "markets": 16
    },
    {
      "year": 2019,
      "weighted_unit_value_usd_per_ton": 477.5566088669749,
      "trade_value_usd": 45237944096,
      "markets": 15
    },
    {
      "year": 2020,
      "weighted_unit_value_usd_per_ton": 322.1974509106299,
      "trade_value_usd": 29612966488,
      "markets": 14
    },
    {
      "year": 2022,
      "weighted_unit_value_usd_per_ton": 726.5288492709799,
      "trade_value_usd": 69789035348,
      "markets": 17
    },
    {
      "year": 2023,
      "weighted_unit_value_usd_per_ton": 484.6242592304918,
      "trade_value_usd": 49358794578,
      "markets": 20
    }
  ],
  "faq": [
    {
      "question": "What does Kuwait price positioning show for HS 270900?",
      "answer": "It compares Kuwait's reported unit values across markets with each market's median for the same product and year."
    },
    {
      "question": "What does above or below median mean?",
      "answer": "Above median means the observed unit value is higher than the market median; below median means it is lower. It does not by itself indicate profit or quality."
    },
    {
      "question": "How is the export price calculated?",
      "answer": "The reported unit value is trade value divided by reported quantity, expressed per metric ton when quantity is available."
    },
    {
      "question": "Can I compare this with the wider Oils: petroleum oils and oils obtained from bituminous minerals, crude market?",
      "answer": "Yes. Use the product overview and methodology links to compare price positioning with market size, exporter reach, and reported trade history."
    }
  ],
  "methodology": {
    "unitValueFormula": "reported trade value in USD / reported quantity in metric tons",
    "median": "the median of the reported market unit values for the same exporter, product, and year",
    "spread": "(highest market price - lowest market price) / median market price x 100",
    "marketComparison": "price_vs_median_pct = (market unit value - market median) / market median x 100",
    "pricePosition": "Above, Mid, or Below is assigned from the market comparison to the reported median",
    "coverage": {
      "first_year": 2017,
      "latest_year": 2023,
      "markets": 29,
      "corridor_rows": 82
    }
  },
  "links": {
    "product": "https://www.yugalinks.com/trade/product/270900",
    "exporter": "https://www.yugalinks.com/trade/exporter/kwt/270900",
    "platform": "https://www.yugalinks.com/app?hs=270900",
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}