Flag Australia / Kuwait Flag

2021
FlagFlag
Exports
: $430M, Rnk 35 / 208

2021
FlagFlag
Top Product
: $125M, Wheat

2021
FlagFlag
Exports
: $2.94M, Rnk 72 / 158

2021
FlagFlag
Top Product
: $1.3M, Cars

2021
Flag
Economic Complexity (ECI)
: ECI -0.41, Rnk 82 / 131

2021
Flag
Economic Complexity (ECI)
: ECI 0.34, Rnk 48 / 131

2021
Flag  
GDP
: $1.54T, CURRENT US$
Rnk 13 / 182

2011-2021
Flag
GDP GROWTH
: 10.4%, CURRENT US$
Rnk 131 / 182

2021
Flag
GDP PC 
: $59,934, CURRENT US$
Rnk 12 / 182

2011-2021
Flag
GDP PC GROWTH
: -4.22%, CURRENT US$
Rnk 138 / 182

Australia-Kuwait In 2021, Australia exported $430M to Kuwait. The main products that Australia exported to Kuwait are Wheat ($125M), Barley ($122M), and Sheep and Goats ($46.2M). During the last 26 years the exports of Australia to Kuwait have increased at an annualized rate of 8.25%, from $54.7M in 1995 to $430M in 2021.

In 2021, Australia did not export any services to Kuwait.

Kuwait-Australia In 2021, Kuwait exported $2.94M to Australia. The main products that Kuwait exported to Australia were Cars ($1.3M), Oscilloscopes ($228k), and Motor vehicles; parts and accessories (8701 to 8705) ($209k). During the last 26 years the exports of Kuwait to Australia have decreased at an annualized rate of 8.04%, from $26M in 1995 to $2.94M in 2021.

In 2021, Kuwait did not export any services to Australia.

Comparison In 2021,  Australia ranked 82 in the Economic Complexity Index (ECI -0.41), and 20 in total exports ($343B). That same year, Kuwait ranked 48 in the Economic Complexity Index (ECI 0.34), and 51 in total exports ($58.2B).

Historical Data

#permalink to section

Market Competitiveness

#permalink to section
Color

Australia
Top Destination
: China, $138B

Kuwait
Top Destination
: China, $16B

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 ($138B), Japan ($47B), and South Korea ($29.4B).

In 2021, countries that imported more from Kuwait than Australia were Pakistan ($1.65B), Iraq ($502M), and Ethiopia ($460M).

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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.