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2023
Flag → Flag
Exports $7.14BRnk 63 / 208
2023
Flag → Flag
Top Product $1.13BBroadcasting Equipment
2023
Flag → Flag
Exports $17.4BRnk 1 / 159
2023
Flag → Flag
Top Product $15.2BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.21Rnk 53 / 132
2023
Flag  
GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
Flag
 GDP$164BCURRENT US$
Rnk 58 / 195
2013-2023
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GDP GROWTH-6.01%CURRENT US$
Rnk 178 / 195
2023
Flag
GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
Flag
GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC$33,730CURRENT US$
Rnk 39 / 196
2013-2023
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GDP PC GROWTH-32.1%CURRENT US$
Rnk 187 / 195

About

China-Kuwait Trade: In 2023, China exported $7.14B to Kuwait. The main products that China exported to Kuwait were Broadcasting Equipment ($1.13B), Cars ($644M), and Iron Pipes ($553M). Over the past 5 years the exports of China to Kuwait have increased at an annualized rate of 4.23%, from $5.8B in 2018 to $7.14B in 2023.

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

Kuwait-China Trade: In 2023, Kuwait exported $17.4B to China. The main products that Kuwait exported to China were Crude Petroleum ($15.2B), Petroleum Gas ($623M), and Refined Petroleum ($580M). Over the past 5 years the exports of Kuwait to China have increased at an annualized rate of 2.08%,  from $15.7B in 2018 to $17.4B in 2023.

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

Comparison: In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). That same year, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Latest Trends

December, 2024

About

Overview In December 2024, China exported $683M and imported $894M from Kuwait, resulting in a negative trade balance of $211M. Between December 2023 and December 2024 the exports of China have increased by $191M (38.7%) from $493M to $683M, while imports decreased by $-568M (-38.8%) from $1.46B to $894M.

Trade In December 2024, the top exports of China to Kuwait were Cars ($61.7M), Commodities not elsewhere specified ($15.7M), Iron Pipes ($13.6M), Light Fixtures ($13.3M), and Other Furniture ($11.1M). In December 2024 the top imports of China from Kuwait were Crude Petroleum ($1.15B), Petroleum Gas ($75.1M), Cyclic Hydrocarbons ($28.8M), Ethylene Polymers ($22.9M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($12.4M).

Origins In December 2024 the exports of China were mainly from Jiangsu Province ($110M), Guangdong Province ($91.1M), Zhejiang Province ($84.1M), Beijing ($79.7M), and Tianjin ($74.3M), while imports destinations were mainly Beijing ($444M), Guangxi Zhuang Autonomous Region ($211M), Yunnan Province ($159M), Zhejiang Province ($30M), and Guangdong Province ($23.5M).

Growth In December 2024, the increase in China's year-by-year exports to Kuwait was explained primarily by an increase in product exports in Cars ($21.8M or 54.4%), Commodities not elsewhere specified ($7.96M or 102%), and Electrical Transformers ($6.83M or 525%). In December 2024, the decrease in China's year-by-year imports  from Kuwait was explained primarily by an decrease in product imports  in Crude Petroleum ($-204M or -15%) and Sulphur ($-3.4M or -33%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$191M(38.7%)
IMPORT GROWTH (December 2023 - December 2024)$-568M(-38.8%)
MAIN EXPORTER (December 2024)Jiangsu Province$110M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Kuwait and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Kuwait and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $7.14B to Kuwait. The main products exported from China to Kuwait were Broadcasting Equipment ($1.13B), Cars ($644M), and Iron Pipes ($553M). During the last 5 years the exports of China to Kuwait have increased at an annualized rate of 4.23%, from $5.8B in 2018 to $7.14B in 2023.

In 2018, Kuwait exported $17.4B to China. The main products exported from Kuwait to China were Crude Petroleum ($15.2B), Petroleum Gas ($623M), and Refined Petroleum ($580M). During the last 5 years the exports of Kuwait to China have increased at an annualized rate of 2.08%, from $15.7B in 2023 to $17.4B in 2018.

Exports from China (Flag) to Kuwait (Flag) (2023)

Exports from Kuwait (Flag) to China (Flag) (2023)

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from China than Kuwait included United States ($436B), Hong Kong ($259B), and Germany ($164B).

In 2023, no countries were registered that imported more from Kuwait than from China.

Difference in imports from Kuwait (Flag) and China (Flag) (2023)

Comparative Advantage China - Kuwait

Flow
Scale

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

During 2023, China had a large net trade with Kuwait in the exports of Machines ($3.11B), Metals ($1.01B), and Transportation ($787M).

During 2018, Kuwait had a large net trade with China in the exports of Mineral Products ($16.6B), Chemical Products ($593M), and Plastics and Rubbers ($163M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Kuwait+$166MTelephones
Top Product Potential Kuwait China+$827MPetroleum Gas

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

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

Product Space of China (Flag) and Kuwait (Flag) (2023)

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