Hong Kong (HKG) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Hong Kong-Kuwait Trade: In 2022, Hong Kong exported $186M to Kuwait. The main products that Hong Kong exported to Kuwait were Jewellery ($70.2M), Knit Women's Coats ($65.1M), and Base Metal Watches ($11.4M). Over the past 5 years the exports of Hong Kong to Kuwait have increased at an annualized rate of 38.8%, from $36.1M in 2017 to $186M in 2022.

In 2022, Hong Kong did not export any services to Kuwait.

Kuwait-Hong Kong Trade: In 2022, Kuwait exported $163M to Hong Kong. The main products that Kuwait exported to Hong Kong were Semi-Finished Iron ($53.6M), Other Clocks ($36.5M), and Cyclic Hydrocarbons ($19M). Over the past 5 years the exports of Kuwait to Hong Kong have increased at an annualized rate of 3.82%, from $116M in 2017 to $163M in 2022.

In 2022, Kuwait did not export any services to Hong Kong.

Comparison: In 2022, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). 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, Hong Kong exported $186M to Kuwait. The main products exported from Hong Kong to Kuwait were Jewellery ($70.2M), Knit Women's Coats ($65.1M), and Base Metal Watches ($11.4M). During the last 5 years the exports of Hong Kong to Kuwait have increased at an annualized rate of 38.8%, from $36.1M in 2017 to $186M in 2022.

In 2017, Kuwait exported $163M to Hong Kong. The main products exported from Kuwait to Hong Kong were Semi-Finished Iron ($53.6M), Other Clocks ($36.5M), and Cyclic Hydrocarbons ($19M). During the last 5 years the exports of Kuwait to Hong Kong have increased at an annualized rate of 3.82%, from $116M in 2022 to $163M in 2017.

Exports from Hong Kong () to Kuwait () (2022)

Exports from Kuwait () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Kuwait ()

Hong Kong Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$23.4B

Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Hong Kong than Kuwait included Netherlands ($6.56B), Switzerland ($4.11B), and Malaysia ($3.84B).

In 2022, countries that imported more from Kuwait than Hong Kong included South Korea ($10.8B), Japan ($8.64B), and Chinese Taipei ($7.34B).

Difference in imports from Kuwait () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hong Kong had a large net trade with Kuwait in the exports of Precious Metals ($73.3M), Textiles ($72.3M), and Machines ($14.2M).

During 2017, Kuwait had a large net trade with Hong Kong in the exports of Metals ($53.6M), Instruments ($47.8M), and Machines ($22.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hong Kong Kuwait+$16.1MTelephones

Top Product Potential Kuwait Hong Kong+$3.84MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Kuwait () (2022)

Exports from Kuwait () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Kuwait ()

Hong Kong Exports

Kuwait Exports

Market Competitiveness

Difference in imports from Kuwait () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Kuwait () (2022)

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