2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 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

India-Kuwait Trade: In 2022, India exported $1.52B to Kuwait. The main products that India exported to Kuwait were Rice ($176M), Jewellery ($161M), and Cyclic Hydrocarbons ($125M). Over the past 5 years the exports of India to Kuwait have increased at an annualized rate of 62.5%, from $134M in 2017 to $1.52B in 2022.

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

Kuwait-India Trade: In 2022, Kuwait exported $6.4B to India. The main products that Kuwait exported to India were Crude Petroleum ($9.12B), Petroleum Gas ($2.2B), and Acyclic Alcohols ($1.51B). Over the past 5 years the exports of Kuwait to India have increased at an annualized rate of 51.2%,  from $810M in 2017 to $6.4B in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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
Value

In 2022, India exported $1.52B to Kuwait. The main products exported from India to Kuwait were Rice ($176M), Jewellery ($161M), and Cyclic Hydrocarbons ($125M). During the last 5 years the exports of India to Kuwait have increased at an annualized rate of 62.5%, from $134M in 2017 to $1.52B in 2022.

In 2017, Kuwait exported $6.4B to India. The main products exported from Kuwait to India were Crude Petroleum ($9.12B), Petroleum Gas ($2.2B), and Acyclic Alcohols ($1.51B). During the last 22 years the exports of Kuwait to India have increased at an annualized rate of 51.2%, from $810M in 1995 to $6.4B in 2017.

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

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

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Kuwait
Top Destination
China$24.3B

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 2022, countries that imported more from India than Kuwait included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Kuwait than India included China ($24.3B), Chinese Taipei ($7.34B), and Pakistan ($3.97B).

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

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 2022, India had a large net trade with Kuwait in the exports of Machines ($475M), Vegetable Products ($388M), and Textiles ($278M).

During 2017, Kuwait had a large net trade with India in the exports of Mineral Products ($11.6B), Chemical Products ($2.54B), and Metals ($295M).

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.

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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) (2022)

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