Kuwait (KWT) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Kuwait-Austria Trade: In 2022, Kuwait exported $1.72M to Austria. The main products that Kuwait exported to Austria were Ferroalloys ($1.37M), Broadcasting Equipment ($83.4k), and Iron Structures ($36.5k). Over the past 5 years the exports of Kuwait to Austria have increased at an annualized rate of 2.72%, from $1.51M in 2017 to $1.72M in 2022.

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

Austria-Kuwait Trade: In 2022, Austria exported $156M to Kuwait. The main products that Austria exported to Kuwait were Cars ($27.2M), Sawn Wood ($19.3M), and Packaged Medicaments ($10.8M). Over the past 5 years the exports of Austria to Kuwait have increased at an annualized rate of 3.04%, from $135M in 2017 to $156M in 2022.

In 2022, Austria 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, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kuwait exported $1.72M to Austria. The main products exported from Kuwait to Austria were Ferroalloys ($1.37M), Broadcasting Equipment ($83.4k), and Iron Structures ($36.5k). During the last 5 years the exports of Kuwait to Austria have increased at an annualized rate of 2.72%, from $1.51M in 2017 to $1.72M in 2022.

In 2017, Austria exported $156M to Kuwait. The main products exported from Austria to Kuwait were Cars ($27.2M), Sawn Wood ($19.3M), and Packaged Medicaments ($10.8M). During the last 5 years the exports of Austria to Kuwait have increased at an annualized rate of 3.04%, from $135M in 2022 to $156M in 2017.

Exports from Kuwait () to Austria () (2022)

Exports from Austria () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Austria ()

Kuwait Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Austria
Top DestinationGermany$57.7B

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

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

In 2022, countries that imported more from Austria than Kuwait included Germany ($57.7B), Italy ($13.6B), and United States ($14.4B).

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

Comparative Advantage Kuwait - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Austria in the exports of Metals ($1.4M), Machines ($115k), and Textiles ($86.5k).

During 2017, Austria had a large net trade with Kuwait in the exports of Machines ($34.1M), Transportation ($29.9M), and Wood Products ($21.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Austria+$630kTelephones

Top Product Potential Austria Kuwait+$22MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Austria () (2022)

Exports from Austria () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Austria ()

Kuwait Exports

Austria Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Austria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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