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2023
Flag → Flag
Exports $2.87BRnk 6 / 159
2023
Flag → Flag
Top Product $1.84BRefined Petroleum
2023
Flag → Flag
Exports $3.99BRnk 19 / 216
2023
Flag → Flag
Top Product $759MJewellery
2023
Flag
Economic Complexity (ECI) ECI 0.21Rnk 53 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag  
GDP$164BCURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP GROWTH-6.01%CURRENT US$
Rnk 178 / 195
2023
Flag
 GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC $33,730CURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP PC GROWTH-32.1%CURRENT US$
Rnk 187 / 195
2023
Flag
GDP PC$49,041CURRENT US$
Rnk 27 / 196
2013-2023
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GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195

About

Kuwait-United Arab Emirates Trade: In 2023, Kuwait exported $2.87B to United Arab Emirates. The main products that Kuwait exported to United Arab Emirates were Refined Petroleum ($1.84B), Jewellery ($188M), and Gold ($145M). Over the past 5 years the exports of Kuwait to United Arab Emirates have increased at an annualized rate of 1.31%, from $2.69B in 2018 to $2.87B in 2023.

In 2023, Kuwait did not export any services to United Arab Emirates.

United Arab Emirates-Kuwait Trade: In 2023, United Arab Emirates exported $3.99B to Kuwait. The main products that United Arab Emirates exported to Kuwait were Jewellery ($759M), Gold ($529M), and Gravel and Crushed Stone ($187M). Over the past 5 years the exports of United Arab Emirates to Kuwait have increased at an annualized rate of 2.17%,  from $3.58B in 2018 to $3.99B in 2023.

In 2023, United Arab Emirates did not export any services to Kuwait.

Comparison: In 2023,  Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). That same year, United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Kuwait exported $2.87B to United Arab Emirates. The main products exported from Kuwait to United Arab Emirates were Refined Petroleum ($1.84B), Jewellery ($188M), and Gold ($145M). During the last 5 years the exports of Kuwait to United Arab Emirates have increased at an annualized rate of 1.31%, from $2.69B in 2018 to $2.87B in 2023.

In 2018, United Arab Emirates exported $3.99B to Kuwait. The main products exported from United Arab Emirates to Kuwait were Jewellery ($759M), Gold ($529M), and Gravel and Crushed Stone ($187M). During the last 5 years the exports of United Arab Emirates to Kuwait have increased at an annualized rate of 2.17%, from $3.58B in 2023 to $3.99B in 2018.

Exports from Kuwait (Flag) to United Arab Emirates (Flag) (2023)

Exports from United Arab Emirates (Flag) to Kuwait (Flag) (2023)

Latest Data

Trade between Kuwait (Flag) and United Arab Emirates (Flag)

Kuwait Exports

United Arab Emirates Exports

Market Competitiveness

Color
Kuwait
Top DestinationChina$17.4B
United Arab Emirates
Top DestinationChina$40.2B

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

In 2023, countries that imported more from Kuwait than United Arab Emirates included Chinese Taipei ($4.74B), Ethiopia ($1.33B), and Iceland ($234M).

In 2023, countries that imported more from United Arab Emirates than Kuwait included India ($38.2B), Japan ($37.4B), and China ($40.2B).

Difference in imports from United Arab Emirates (Flag) and Kuwait (Flag) (2023)

Comparative Advantage Kuwait - United Arab Emirates

Flow
Scale

This chart compares trade between Kuwait and United Arab Emirates by product, considering products traded by both, Kuwait and United Arab Emirates.

During 2023, Kuwait had a large net trade with United Arab Emirates in the exports of Mineral Products ($1.94B), Precious Metals ($367M), and Transportation ($219M).

During 2018, United Arab Emirates had a large net trade with Kuwait in the exports of Precious Metals ($1.3B), Metals ($490M), and Chemical Products ($424M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kuwait United Arab Emirates+$14.7MEthylene Polymers
Top Product Potential United Arab Emirates Kuwait+$32.3MCars

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

Product Space of Kuwait (Flag) and United Arab Emirates (Flag) (2023)

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