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2022
Flag → Flag
Exports $712MRnk 56 / 218
2022
Flag → Flag
Top Product $140MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $139MRnk 34 / 156
2022
Flag → Flag
Top Product $83.3MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186

About

Spain-Kuwait Trade: In 2022, Spain exported $712M to Kuwait. The main products that Spain exported to Kuwait were Vaccines, blood, antisera, toxins and cultures ($140M), Gas Turbines ($35.3M), and Packaged Medicaments ($27.4M). Over the past 5 years the exports of Spain to Kuwait have increased at an annualized rate of 7.67%, from $492M in 2017 to $712M in 2022.

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

Kuwait-Spain In N/A, Kuwait did not export any products to Spain.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €16.1M and imported €1.05M from Kuwait, resulting in a positive trade balance of €15M. Between August 2023 and August 2024 the exports of Spain have decreased by €-2.61M (-14%) from €18.7M to €16.1M, while imports decreased by €-80.1M (-98.7%) from €81.1M to €1.05M.

Trade In August 2024, the top exports of Spain to Kuwait were N/A. In August 2024 the top imports of Spain from Kuwait were Ethylene Polymers (€1.24M), Iron Pipes (€154k), Sodium or Potassium Peroxides (€113k), Commodities not elsewhere specified (€50.1k), and Textile Footwear (€15.7k).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€4.5M), Madrid (€1.88M), Castellón (€1.19M), Pontevedra (€1.07M), and Valencia (€674k), while imports destinations were mainly Alicante (€869k), Huesca (€99.5k), Álava (€71.3k), Barcelona (€5.05k), and Huelva (€2.86k).

Growth In August 2024, the decrease in Spain's year-by-year exports to Kuwait was explained primarily by an decrease in product exports in Perfumes (€-969k or -68.5%), Sports Equipment (€-707k or -87.7%), and Delivery Trucks (€-548k or -98.4%). In August 2024, the decrease in Spain's year-by-year imports  from Kuwait was explained primarily by an decrease in product imports  in Electrical Transformers (€-707 or -73.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-2.61M(-14%)
IMPORT GROWTH (August 2023 - August 2024)€-80.1M(-98.7%)
MAIN EXPORTER (August 2024)Barcelona€4.5M

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

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

For full datasets download visit Bulk Download page.

Explore Kuwait and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $712M to Kuwait. The main products exported from Spain to Kuwait were Vaccines, blood, antisera, toxins and cultures ($140M), Gas Turbines ($35.3M), and Packaged Medicaments ($27.4M). During the last 5 years the exports of Spain to Kuwait have increased at an annualized rate of 7.67%, from $492M in 2017 to $712M in 2022.

Kuwait does not register exports to Spain. The main products exported from Kuwait to Spain were Refined Petroleum ($83.3M), Cyclic Hydrocarbons ($16M), and Gas Turbines ($13.3M).

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Spain than Kuwait included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Kuwait than Spain included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

Comparative Advantage Spain - Kuwait

Flow
Scale

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

During 2022, Spain had a large net trade with Kuwait in the exports of Chemical Products ($230M), Machines ($107M), and Textiles ($91.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Kuwait+$23.2MCars
Top Product Potential Kuwait Spain+$75.2MRefined Petroleum

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 Spain and Kuwait. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Spain.

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

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