2022
Flag  
GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC 
$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH
-15.7%CURRENT US$
Rnk 166 / 186
2022
Flag
GDP PC
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186

About

Kuwait-Australia In 2022, Kuwait exported $150M to Australia. The main products that Kuwait exported to Australia are Refined Petroleum ($146M), Nonaqueous Pigments ($729k), and Chocolate ($647k). During the last 27 years the exports of Kuwait to Australia have increased at an annualized rate of 6.67%, from $26.3M in 1995 to $150M in 2022.

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

Australia-Kuwait In 2022, Australia exported $686M to Kuwait. The main products that Australia exported to Kuwait were Concentrated Milk ($173M), Barley ($154M), and Wheat ($136M). During the last 27 years the exports of Australia to Kuwait have increased at an annualized rate of 9.82%, from $54.7M in 1995 to $686M in 2022.

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

Comparison In 2022,  Kuwait ranked 53 in the Economic Complexity Index (ECI 0.16), and 42 in total exports ($101B). That same year, Australia ranked 77 in the Economic Complexity Index (ECI -0.35), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $150M to Australia. The main products exported from Kuwait to Australia were Refined Petroleum ($146M), Nonaqueous Pigments ($729k), and Chocolate ($647k). During the last 27 years the exports of Kuwait to Australia have increased at an annualized rate of 6.67%, from $26.3M in 1995 to $150M in 2022.

In 2022, Australia exported $686M to Kuwait. The main products exported from Australia to Kuwait were Concentrated Milk ($173M), Barley ($154M), and Wheat ($136M). During the last 27 years the exports of Australia to Kuwait have increased at an annualized rate of 9.82%, from $54.7M in 1995 to $686M in 2022.

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

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

Latest Data

Trade between Kuwait (Flag) and Australia (Flag)

Kuwait Exports

Australia Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$24.3B
Australia
Top Destination
China$123B

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

In 2021, countries that imported more from Kuwait than Australia were Pakistan ($3.97B), Egypt ($2.84B), and Saudi Arabia ($2.75B).

In 2021, countries that imported more from Australia than Kuwait were China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage Kuwait - Australia

Flow
Scale

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

During 2022, Kuwait had a large net trade with Australia in the exports of Mineral Products ($146M), Chemical Products ($796k), and Foodstuffs ($752k).

During 2022, Australia had a large net trade with Kuwait in the exports of Vegetable Products ($334M), Animal Products ($281M), and Foodstuffs ($15.2M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Kuwait has comparative advantage over Australia. Similarly, the more yellow a dot/product is, the more Australia has comparative advantage over Kuwait.

Product Space of Kuwait (Flag) and Australia (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with