Azerbaijan (AZE) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Azerbaijan-Kuwait Trade: In 2023, Azerbaijan exported $1.21M to Kuwait. The main products that Azerbaijan exported to Kuwait were Apples and Pears ($553k), Refined Petroleum ($212k), and Tea ($95.3k). Over the past 5 years the exports of Azerbaijan to Kuwait have increased at an annualized rate of 14.2%, from $622k in 2018 to $1.21M in 2023.

In 2023, Azerbaijan did not export any services to Kuwait.

Kuwait-Azerbaijan Trade: In 2023, Kuwait exported $223k to Azerbaijan. The main products that Kuwait exported to Azerbaijan were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($197k), Industrial Fatty Acids, Oils and Alcohols ($15.9k), and Clays ($9.57k). Over the past 5 years the exports of Kuwait to Azerbaijan have decreased at an annualized rate of 29.5%, from $1.28M in 2018 to $223k in 2023.

In 2023, Kuwait did not export any services to Azerbaijan.

Comparison: In 2023, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B). That same year, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Azerbaijan exported $1.21M to Kuwait. The main products exported from Azerbaijan to Kuwait were Apples and Pears ($553k), Refined Petroleum ($212k), and Tea ($95.3k). During the last 5 years the exports of Azerbaijan to Kuwait have increased at an annualized rate of 14.2%, from $622k in 2018 to $1.21M in 2023.

In 2018, Kuwait exported $223k to Azerbaijan. The main products exported from Kuwait to Azerbaijan were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($197k), Industrial Fatty Acids, Oils and Alcohols ($15.9k), and Clays ($9.57k). During the last 5 years the exports of Kuwait to Azerbaijan have decreased at an annualized rate of 29.5%, from $1.28M in 2023 to $223k in 2018.

Exports from Azerbaijan () to Kuwait () (2023)

Exports from Kuwait () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Kuwait ()

Azerbaijan Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$11.4B

Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Azerbaijan than Kuwait included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

In 2023, countries that imported more from Kuwait than Azerbaijan included China ($17.4B), Japan ($9.13B), and India ($9.51B).

Difference in imports from Kuwait () and Azerbaijan () (2023)

Comparative Advantage Azerbaijan - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Azerbaijan had a large net trade with Kuwait in the exports of Vegetable Products ($767k), Mineral Products ($212k), and Metals ($86.2k).

During 2018, Kuwait had a large net trade with Azerbaijan in the exports of Chemical Products ($213k), Mineral Products ($9.57k), and Plastics and Rubbers ($610).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Kuwait+$354kRefined Petroleum

Top Product Potential Kuwait Azerbaijan+$165kAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Azerbaijan and Kuwait. This means that a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Azerbaijan.

About

Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Kuwait () (2023)

Exports from Kuwait () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Kuwait ()

Azerbaijan Exports

Kuwait Exports

Market Competitiveness

Difference in imports from Kuwait () and Azerbaijan () (2023)

Comparative Advantage Azerbaijan - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Azerbaijan () and Kuwait () (2023)

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