Ireland (IRL) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Ireland-Kuwait Trade: In 2022, Ireland exported $174M to Kuwait. The main products that Ireland exported to Kuwait were Packaged Medicaments ($122M), Medical Instruments ($86.6M), and Flavored Water ($79.5M). Over the past 5 years the exports of Ireland to Kuwait have increased at an annualized rate of 42.1%, from $30.1M in 2017 to $174M in 2022.

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

Kuwait-Ireland Trade: In 2022, Kuwait exported $382k to Ireland. The main products that Kuwait exported to Ireland were Refined Petroleum ($206M), Precious Metal Watches ($521k), and Office Machine Parts ($511k). Over the past 5 years the exports of Kuwait to Ireland have increased at an annualized rate of 13.1%, from $206k in 2017 to $382k in 2022.

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

Comparison: In 2022, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Latest Trends

N/A

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Overview In N/A, Ireland exported €N/A and imported €N/A from Kuwait, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Ireland have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Ireland to Kuwait were . In N/A the top imports of Ireland from Kuwait were .

Growth In N/A, the N/A in Ireland's year-by-year exports to Kuwait was explained primarily by an decrease in product exports in . In N/A, the N/A in Ireland's year-by-year imports from Kuwait was explained primarily by an decrease in product imports in .

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ireland exported $174M to Kuwait. The main products exported from Ireland to Kuwait were Packaged Medicaments ($122M), Medical Instruments ($86.6M), and Flavored Water ($79.5M). During the last 5 years the exports of Ireland to Kuwait have increased at an annualized rate of 42.1%, from $30.1M in 2017 to $174M in 2022.

In 2017, Kuwait exported $382k to Ireland. The main products exported from Kuwait to Ireland were Refined Petroleum ($206M), Precious Metal Watches ($521k), and Office Machine Parts ($511k). During the last 22 years the exports of Kuwait to Ireland have increased at an annualized rate of 13.1%, from $206k in 1995 to $382k in 2017.

Exports from Ireland () to Kuwait () (2022)

Exports from Kuwait () to Ireland () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ireland
Top DestinationUnited States$70.7B

Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Ireland than Kuwait included United States ($70.7B), Germany ($28.6B), and Belgium ($17B).

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

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

Comparative Advantage Ireland - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ireland had a large net trade with Kuwait in the exports of Chemical Products ($233M), Foodstuffs ($153M), and Instruments ($119M).

During 2017, Kuwait had a large net trade with Ireland in the exports of Mineral Products ($206M), Instruments ($831k), and Machines ($534k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ireland Kuwait+$19.8MPackaged Medicaments

Top Product Potential Kuwait Ireland+$30.1MRefined 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

Year

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

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Latest Trends

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Historical Data

Bilateral Trade by Products

Exports from Ireland () to Kuwait () (2022)

Exports from Kuwait () to Ireland () (2022)

Market Competitiveness

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

Comparative Advantage Ireland - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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