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2023
Flag → Flag
Exports $3.31BRnk 5 / 159
2023
Flag → Flag
Top Product $3.28BRefined Petroleum
2023
Flag → Flag
Exports $932MRnk 50 / 223
2023
Flag → Flag
Top Product $229MCars
2023
Flag
Economic Complexity (ECI) ECI 0.21Rnk 53 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$164BCURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP GROWTH-6.01%CURRENT US$
Rnk 178 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC $33,730CURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP PC GROWTH-32.1%CURRENT US$
Rnk 187 / 195
2023
Flag
GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Kuwait-United Kingdom Trade: In 2023, Kuwait exported $3.31B to United Kingdom. The main products that Kuwait exported to United Kingdom were Refined Petroleum ($3.28B), Ethylene Polymers ($12.7M), and Cars ($1.44M). Over the past 5 years the exports of Kuwait to United Kingdom have increased at an annualized rate of 37.3%, from $677M in 2018 to $3.31B in 2023.

In 2023, Kuwait did not export any services to United Kingdom.

United Kingdom-Kuwait Trade: In 2023, United Kingdom exported $932M to Kuwait. The main products that United Kingdom exported to Kuwait were Cars ($229M), Gas Turbines ($120M), and Packaged Medicaments ($65.5M). Over the past 5 years the exports of United Kingdom to Kuwait have increased at an annualized rate of 1.19%,  from $879M in 2018 to $932M in 2023.

In 2023, United Kingdom did not export any services to Kuwait.

Comparison: In 2023,  Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Kuwait exported $3.31B to United Kingdom. The main products exported from Kuwait to United Kingdom were Refined Petroleum ($3.28B), Ethylene Polymers ($12.7M), and Cars ($1.44M). During the last 5 years the exports of Kuwait to United Kingdom have increased at an annualized rate of 37.3%, from $677M in 2018 to $3.31B in 2023.

In 2018, United Kingdom exported $932M to Kuwait. The main products exported from United Kingdom to Kuwait were Cars ($229M), Gas Turbines ($120M), and Packaged Medicaments ($65.5M). During the last 5 years the exports of United Kingdom to Kuwait have increased at an annualized rate of 1.19%, from $879M in 2023 to $932M in 2018.

Exports from Kuwait (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Kuwait (Flag) (2023)

Latest Data

Trade between Kuwait (Flag) and United Kingdom (Flag)

Kuwait Exports

United Kingdom Exports

Market Competitiveness

Color
Kuwait
Top DestinationChina$17.4B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Kuwait than United Kingdom included Japan ($9.13B), Chinese Taipei ($4.74B), and India ($9.51B).

In 2023, countries that imported more from United Kingdom than Kuwait included United States ($59.7B), Germany ($34.6B), and Netherlands ($29.8B).

Difference in imports from United Kingdom (Flag) and Kuwait (Flag) (2023)

Comparative Advantage Kuwait - United Kingdom

Flow
Scale

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

During 2023, Kuwait had a large net trade with United Kingdom in the exports of Mineral Products ($3.28B), Plastics and Rubbers ($12.7M), and Machines ($3.28M).

During 2018, United Kingdom had a large net trade with Kuwait in the exports of Transportation ($281M), Machines ($240M), and Chemical Products ($122M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kuwait United Kingdom+$15.2MEthylene Polymers
Top Product Potential United Kingdom Kuwait+$42.2MCars

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

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

Product Space of Kuwait (Flag) and United Kingdom (Flag) (2023)

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