2023
Flag  
GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP
$164BCURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP GROWTH
-6.01%CURRENT US$
Rnk 178 / 195
2023
Flag
GDP PC 
$2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC
$33,730CURRENT US$
Rnk 39 / 196
2013-2023
Flag
GDP PC GROWTH
-32.1%CURRENT US$
Rnk 187 / 195

About

India-Kuwait Trade: In 2023, India exported $2.2B to Kuwait. The main products that India exported to Kuwait were Rice ($259M), Planes, Helicopters, and/or Spacecraft ($179M), and Cars ($120M). Over the past 5 years the exports of India to Kuwait have increased at an annualized rate of 4.55%, from $1.76B in 2018 to $2.2B in 2023.

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

Kuwait-India Trade: In 2023, Kuwait exported $9.51B to India. The main products that Kuwait exported to India were Crude Petroleum ($4.82B), Petroleum Gas ($2.04B), and Cyclic Hydrocarbons ($720M). Over the past 5 years the exports of Kuwait to India have increased at an annualized rate of 2.85%,  from $8.26B in 2018 to $9.51B in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). 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
Value

In 2023, India exported $2.2B to Kuwait. The main products exported from India to Kuwait were Rice ($259M), Planes, Helicopters, and/or Spacecraft ($179M), and Cars ($120M). During the last 5 years the exports of India to Kuwait have increased at an annualized rate of 4.55%, from $1.76B in 2018 to $2.2B in 2023.

In 2018, Kuwait exported $9.51B to India. The main products exported from Kuwait to India were Crude Petroleum ($4.82B), Petroleum Gas ($2.04B), and Cyclic Hydrocarbons ($720M). During the last 5 years the exports of Kuwait to India have increased at an annualized rate of 2.85%, from $8.26B in 2023 to $9.51B in 2018.

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

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

Market Competitiveness

Color
India
Top Destination
United States$85.5B
Kuwait
Top Destination
China$17.4B

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

In 2023, countries that imported more from India than Kuwait included United States ($85.5B), United Arab Emirates ($28.8B), and Germany ($15B).

In 2023, countries that imported more from Kuwait than India included Japan ($9.13B), Chinese Taipei ($4.74B), and Pakistan ($2.13B).

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

Comparative Advantage India - Kuwait

Flow
Scale

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

During 2023, India had a large net trade with Kuwait in the exports of Vegetable Products ($410M), Machines ($358M), and Transportation ($353M).

During 2018, Kuwait had a large net trade with India in the exports of Mineral Products ($7.17B), Chemical Products ($1.51B), and Transportation ($407M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Kuwait+$54.5MCars
Top Product Potential Kuwait India+$1.39BCrude 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with