Kuwait (KWT) and Argentina (ARG) Trade | The Observatory of Economic Complexity

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Kuwait-Argentina Trade: In 2022, Kuwait exported $70.9M to Argentina. The main products that Kuwait exported to Argentina were Refined Petroleum ($70.6M), Fairground Amusements ($239k), and Centrifuges ($21k). Over the past 5 years the exports of Kuwait to Argentina have increased at an annualized rate of 37.4%, from $14.5M in 2017 to $70.9M in 2022.

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

Argentina-Kuwait Trade: In 2022, Argentina exported $104M to Kuwait. The main products that Argentina exported to Kuwait were Corn ($48.5M), Iron Pipes ($34.4M), and Poultry Meat ($3.08M). Over the past 5 years the exports of Argentina to Kuwait have increased at an annualized rate of 7.93%, from $65.8M in 2017 to $104M in 2022.

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

Comparison: In 2022, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kuwait exported $70.9M to Argentina. The main products exported from Kuwait to Argentina were Refined Petroleum ($70.6M), Fairground Amusements ($239k), and Centrifuges ($21k). During the last 5 years the exports of Kuwait to Argentina have increased at an annualized rate of 37.4%, from $14.5M in 2017 to $70.9M in 2022.

In 2017, Argentina exported $104M to Kuwait. The main products exported from Argentina to Kuwait were Corn ($48.5M), Iron Pipes ($34.4M), and Poultry Meat ($3.08M). During the last 5 years the exports of Argentina to Kuwait have increased at an annualized rate of 7.93%, from $65.8M in 2022 to $104M in 2017.

Exports from Kuwait () to Argentina () (2022)

Exports from Argentina () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Argentina ()

Kuwait Exports

Date

Argentina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Argentina
Top DestinationBrazil$12.6B

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

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

In 2022, countries that imported more from Argentina than Kuwait included Brazil ($12.6B), Chile ($5.11B), and United States ($6.99B).

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

Comparative Advantage Kuwait - Argentina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Argentina in the exports of Mineral Products ($70.6M), Miscellaneous ($239k), and Machines ($51.8k).

During 2017, Argentina had a large net trade with Kuwait in the exports of Vegetable Products ($53.2M), Metals ($34.9M), and Animal Products ($7.13M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Argentina+$86.3kCentrifuges

Top Product Potential Argentina Kuwait+$2.32MSoybean Meal

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Argentina () (2022)

Exports from Argentina () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Argentina ()

Kuwait Exports

Argentina Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Argentina

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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