Kuwait (KWT) and Switzerland (CHE) Trade | The Observatory of Economic Complexity

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Kuwait-Switzerland Trade: In 2022, Kuwait exported $21.2M to Switzerland. The main products that Kuwait exported to Switzerland were Jewellery ($8.45M), Precious Metal Watches ($3.03M), and Other Heating Machinery ($1.97M). Over the past 5 years the exports of Kuwait to Switzerland have decreased at an annualized rate of 22.5%, from $75.7M in 2017 to $21.2M in 2022.

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

Switzerland-Kuwait Trade: In 2022, Switzerland exported $1.36B to Kuwait. The main products that Switzerland exported to Kuwait were Gold ($599M), Base Metal Watches ($164M), and Flavored Water ($120M). Over the past 5 years the exports of Switzerland to Kuwait have increased at an annualized rate of 19.8%, from $553M in 2017 to $1.36B in 2022.

In 2022, Switzerland 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, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kuwait exported $21.2M to Switzerland. The main products exported from Kuwait to Switzerland were Jewellery ($8.45M), Precious Metal Watches ($3.03M), and Other Heating Machinery ($1.97M). During the last 5 years the exports of Kuwait to Switzerland have decreased at an annualized rate of 22.5%, from $75.7M in 2017 to $21.2M in 2022.

In 2017, Switzerland exported $1.36B to Kuwait. The main products exported from Switzerland to Kuwait were Gold ($599M), Base Metal Watches ($164M), and Flavored Water ($120M). During the last 5 years the exports of Switzerland to Kuwait have increased at an annualized rate of 19.8%, from $553M in 2022 to $1.36B in 2017.

Exports from Kuwait () to Switzerland () (2022)

Exports from Switzerland () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Switzerland ()

Kuwait Exports

Date

Switzerland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Switzerland
Top DestinationUnited States$61.7B

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

In 2022, countries that imported more from Kuwait than Switzerland included South Korea ($10.8B), Vietnam ($5.7B), and Chinese Taipei ($7.34B).

In 2022, countries that imported more from Switzerland than Kuwait included United States ($61.7B), Germany ($53.5B), and Italy ($22.8B).

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

Comparative Advantage Kuwait - Switzerland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Switzerland in the exports of Precious Metals ($8.45M), Instruments ($5.45M), and Machines ($4.01M).

During 2017, Switzerland had a large net trade with Kuwait in the exports of Precious Metals ($655M), Instruments ($262M), and Chemical Products ($229M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Switzerland+$4.11MJewellery

Top Product Potential Switzerland Kuwait+$30MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Switzerland () (2022)

Exports from Switzerland () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Switzerland ()

Kuwait Exports

Switzerland Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Switzerland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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