Kuwait (KWT) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Kuwait-Azerbaijan Trade: In 2022, Kuwait exported $184k to Azerbaijan. The main products that Kuwait exported to Azerbaijan were Acyclic Alcohols ($106k), Other Small Iron Pipes ($32.8k), and Cyclic Hydrocarbons ($25k). Over the past 5 years the exports of Kuwait to Azerbaijan have decreased at an annualized rate of 51.4%, from $6.81M in 2017 to $184k in 2022.

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

Azerbaijan-Kuwait Trade: In 2022, Azerbaijan exported $2.12M to Kuwait. The main products that Azerbaijan exported to Kuwait were Apples and Pears ($519k), Forage Crops ($418k), and Antiques ($352k). Over the past 5 years the exports of Azerbaijan to Kuwait have increased at an annualized rate of 74.9%, from $129k in 2017 to $2.12M in 2022.

In 2022, Azerbaijan 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, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kuwait exported $184k to Azerbaijan. The main products exported from Kuwait to Azerbaijan were Acyclic Alcohols ($106k), Other Small Iron Pipes ($32.8k), and Cyclic Hydrocarbons ($25k). During the last 5 years the exports of Kuwait to Azerbaijan have decreased at an annualized rate of 51.4%, from $6.81M in 2017 to $184k in 2022.

In 2017, Azerbaijan exported $2.12M to Kuwait. The main products exported from Azerbaijan to Kuwait were Apples and Pears ($519k), Forage Crops ($418k), and Antiques ($352k). During the last 5 years the exports of Azerbaijan to Kuwait have increased at an annualized rate of 74.9%, from $129k in 2022 to $2.12M in 2017.

Exports from Kuwait () to Azerbaijan () (2022)

Exports from Azerbaijan () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Azerbaijan ()

Kuwait Exports

Date

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Azerbaijan
Top DestinationItaly$18.3B

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

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

In 2022, countries that imported more from Azerbaijan than Kuwait included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Kuwait - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Azerbaijan in the exports of Chemical Products ($131k), Metals ($32.8k), and Transportation ($20k).

During 2017, Azerbaijan had a large net trade with Kuwait in the exports of Vegetable Products ($1.33M), Arts and Antiques ($352k), and Mineral Products ($162k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Azerbaijan+$165kAcyclic Alcohols

Top Product Potential Azerbaijan Kuwait+$354kRefined 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

Year

This visualization shows the product space at the HS4 level with the flags of Kuwait and Azerbaijan. This means that a dot/product with the flag of Kuwait indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Kuwait.

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Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Azerbaijan () (2022)

Exports from Azerbaijan () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Azerbaijan ()

Kuwait Exports

Azerbaijan Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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