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2023
Flag → Flag
Exports $1.28BRnk 61 / 219
2023
Flag → Flag
Top Product $77.9MTrunks and Cases
2023
Flag → Flag
Exports $575MRnk 20 / 159
2023
Flag → Flag
Top Product $510MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.21Rnk 53 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 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 $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 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

Italy-Kuwait Trade: In 2023, Italy exported $1.28B to Kuwait. The main products that Italy exported to Kuwait were Trunks and Cases ($77.9M), Iron Pipes ($71.6M), and Cars ($62.7M). Over the past 5 years the exports of Italy to Kuwait have decreased at an annualized rate of 2.88%, from $1.48B in 2018 to $1.28B in 2023.

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

Kuwait-Italy Trade: In 2023, Kuwait exported $575M to Italy. The main products that Kuwait exported to Italy were Refined Petroleum ($510M), Other Measuring Instruments ($27M), and Ethylene Polymers ($6.99M). Over the past 5 years the exports of Kuwait to Italy have increased at an annualized rate of 5.44%,  from $441M in 2018 to $575M in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €40.2M and imported €62.4M from Kuwait, resulting in a negative trade balance of €22.2M. Between October 2023 and October 2024 the exports of Italy have decreased by €-7.45M (-15.6%) from €47.6M to €40.2M, while imports decreased by €-42.3M (-40.4%) from €105M to €62.4M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-7.45M(-15.6%)
IMPORT GROWTH (October 2023 - October 2024)€-42.3M(-40.4%)

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

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

For full datasets download visit Bulk Download page.

Explore Kuwait and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $1.28B to Kuwait. The main products exported from Italy to Kuwait were Trunks and Cases ($77.9M), Iron Pipes ($71.6M), and Cars ($62.7M). During the last 5 years the exports of Italy to Kuwait have decreased at an annualized rate of 2.88%, from $1.48B in 2018 to $1.28B in 2023.

In 2018, Kuwait exported $575M to Italy. The main products exported from Kuwait to Italy were Refined Petroleum ($510M), Other Measuring Instruments ($27M), and Ethylene Polymers ($6.99M). During the last 5 years the exports of Kuwait to Italy have increased at an annualized rate of 5.44%, from $441M in 2023 to $575M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Italy than Kuwait included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, countries that imported more from Kuwait than Italy included India ($9.51B), Pakistan ($2.13B), and Chinese Taipei ($4.74B).

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

Comparative Advantage Italy - Kuwait

Flow
Scale

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

During 2023, Italy had a large net trade with Kuwait in the exports of Machines ($203M), Chemical Products ($170M), and Textiles ($137M).

During 2018, Kuwait had a large net trade with Italy in the exports of Mineral Products ($510M), Instruments ($29M), and Plastics and Rubbers ($9.26M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Kuwait+$34.4MCars
Top Product Potential Kuwait Italy+$118MRefined 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 Italy and Kuwait. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Italy.

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

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