As of 2014, the State of Kuwait, a country in Western Asia, had a population of 4.1 million. The Kuwaiti dinar is the highest-valued currency in the world, as well as the world’s sixth-largest oil reserves. Unsurprisingly, this constitutional emirate has a high-income economy, and the country has no individual income tax. Ocean freight transportation to Kuwait can benefit your export business.
The country is home to a global city-its capital, Kuwait City, which is also the political, cultural, and economic center of Kuwait.
Kuwait is the Arab world’s largest foreign investor, with $8.4 billion in FDI outflows in 2013; this is complemented by a well-developed banking system. A sizeable percentage of the country’s imports come from the United States; in 1999, the country implemented its first free-trade zone. Give your export business an edge with ocean freight transportation to Kuwait.
Forty-foot containers ship 22 standard pallets; twenty-foot containers accommodate 10 standard pallets. If your shipment is equal to at least half of a 20-foot container, then a full container load (FCL) will be necessary. If your goods need to be isolated from those of other exporters to avoid any potential for damage resulting from contact, FCL is also a smart choice even for a very small shipment.
If separation of your goods from others’ is not a concern, you can choose LCL, also called groupage. This means sharing a container and paying only for the space you need. Consult iContainers for important information, including rates.
Ocean freight may not be your best choice when dealing with short deadlines or urgent shipments; air freight may be preferable. Some limitations apply to air freight in terms of volume and weight; iContainers provides a calculator to help you determine whether this is the right option for you.