Georgia (GEO) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Georgia-Kuwait Trade: In 2022, Georgia exported $6.56M to Kuwait. The main products that Georgia exported to Kuwait were Sheep and Goat Meat ($2.72M), Knit T-shirts ($590k), and Bovine Meat ($581k). Over the past 5 years the exports of Georgia to Kuwait have increased at an annualized rate of 27.6%, from $1.94M in 2017 to $6.56M in 2022.

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

Kuwait-Georgia Trade: In 2022, Kuwait exported $15.7k to Georgia. The main products that Kuwait exported to Georgia were Cars ($15.3k), Beauty Products ($59), and Spices ($56). Over the past 5 years the exports of Kuwait to Georgia have decreased at an annualized rate of 26.2%, from $71.9k in 2017 to $15.7k in 2022.

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

Comparison: In 2022, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $6.56M to Kuwait. The main products exported from Georgia to Kuwait were Sheep and Goat Meat ($2.72M), Knit T-shirts ($590k), and Bovine Meat ($581k). During the last 5 years the exports of Georgia to Kuwait have increased at an annualized rate of 27.6%, from $1.94M in 2017 to $6.56M in 2022.

In 2017, Kuwait exported $15.7k to Georgia. The main products exported from Kuwait to Georgia were Cars ($15.3k), Beauty Products ($59), and Spices ($56). During the last 5 years the exports of Kuwait to Georgia have decreased at an annualized rate of 26.2%, from $71.9k in 2022 to $15.7k in 2017.

Exports from Georgia () to Kuwait () (2022)

Exports from Kuwait () to Georgia () (2022)

Latest Data

Trade between Georgia () and Kuwait ()

Georgia Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Georgia than Kuwait included Azerbaijan ($668M), Russia ($642M), and Armenia ($571M).

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

Difference in imports from Kuwait () and Georgia () (2022)

Comparative Advantage Georgia - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Kuwait in the exports of Animal Products ($3.32M), Textiles ($2.22M), and Instruments ($425k).

During 2017, Kuwait had a large net trade with Georgia in the exports of Transportation ($15.3k), Foodstuffs ($151), and Machines ($89).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Kuwait+$740kKnit T-shirts

Top Product Potential Kuwait Georgia+$165kCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Kuwait () (2022)

Exports from Kuwait () to Georgia () (2022)

Latest Data

Trade between Georgia () and Kuwait ()

Georgia Exports

Kuwait Exports

Market Competitiveness

Difference in imports from Kuwait () and Georgia () (2022)

Comparative Advantage Georgia - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Georgia () and Kuwait () (2022)

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