2022
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GDP
$1.68TCURRENT US$
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2012-2022
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GDP GROWTH
8.3%CURRENT US$
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2022
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 GDP
$185BCURRENT US$
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2012-2022
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GDP GROWTH
6.04%CURRENT US$
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2022
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GDP PC 
$64,491CURRENT US$
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2012-2022
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GDP PC GROWTH
-5.23%CURRENT US$
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2022
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GDP PC
$43,233CURRENT US$
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2012-2022
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GDP PC GROWTH
-15.7%CURRENT US$
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About

Australia-Kuwait In 2022, Australia exported $686M to Kuwait. The main products that Australia exported to Kuwait are Concentrated Milk ($173M), Barley ($154M), and Wheat ($136M). During the last 27 years the exports of Australia to Kuwait have increased at an annualized rate of 9.82%, from $54.7M in 1995 to $686M in 2022.

In 2022, Australia did not export any services to Kuwait.

Kuwait-Australia In 2022, Kuwait exported $150M to Australia. The main products that Kuwait exported to Australia were Refined Petroleum ($146M), Nonaqueous Pigments ($729k), and Chocolate ($647k). During the last 27 years the exports of Kuwait to Australia have increased at an annualized rate of 6.67%, from $26.3M in 1995 to $150M in 2022.

In 2022, Kuwait did not export any services to Australia.

Comparison In 2022,  Australia ranked 77 in the Economic Complexity Index (ECI -0.35), and 16 in total exports ($424B). That same year, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.16), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Australia exported $686M to Kuwait. The main products exported from Australia to Kuwait were Concentrated Milk ($173M), Barley ($154M), and Wheat ($136M). During the last 27 years the exports of Australia to Kuwait have increased at an annualized rate of 9.82%, from $54.7M in 1995 to $686M in 2022.

In 2022, Kuwait exported $150M to Australia. The main products exported from Kuwait to Australia were Refined Petroleum ($146M), Nonaqueous Pigments ($729k), and Chocolate ($647k). During the last 27 years the exports of Kuwait to Australia have increased at an annualized rate of 6.67%, from $26.3M in 1995 to $150M in 2022.

Exports from Australia (Flag) to Kuwait (Flag) (2022)

Exports from Kuwait (Flag) to Australia (Flag) (2022)

Latest Data

Trade between Australia (Flag) and Kuwait (Flag)

Australia Exports

Kuwait Exports

Market Competitiveness

Color
Australia
Top Destination
China$123B
Kuwait
Top Destination
China$24.3B

This map shows whether countries import more from Australia or Kuwait. Each country is colored based on the difference in imports they receive from Australia and Kuwait or the difference in the growth in imports.

In 2021, countries that imported more from Australia than Kuwait were China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2021, countries that imported more from Kuwait than Australia were Pakistan ($3.97B), Egypt ($2.84B), and Saudi Arabia ($2.75B).

Difference in imports from Kuwait (Flag) and Australia (Flag) (2022)

Comparative Advantage Australia - Kuwait

Flow
Scale

This chart compares trade between Australia and Kuwait by product, considering products traded by both, Australia and Kuwait.

During 2022, Australia had a large net trade with Kuwait in the exports of Vegetable Products ($334M), Animal Products ($281M), and Foodstuffs ($15.2M).

During 2022, Kuwait had a large net trade with Australia in the exports of Mineral Products ($146M), Chemical Products ($796k), and Foodstuffs ($752k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Australia has comparative advantage over Kuwait. Similarly, the more yellow a dot/product is, the more Kuwait has comparative advantage over Australia.

Product Space of Australia (Flag) and Kuwait (Flag) (2022)

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