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Pricing

2022
Flag → Flag
Exports $2.22BRnk 12 / 156
2022
Flag → Flag
Top Product $2.17BRefined Petroleum
2022
Flag → Flag
Exports $968MRnk 48 / 224
2022
Flag → Flag
Top Product $228MCars
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Kuwait-United Kingdom Trade: In 2022, Kuwait exported $2.22B to United Kingdom. The main products that Kuwait exported to United Kingdom were Refined Petroleum ($2.17B), Ethylene Polymers ($23.9M), and Aircraft Parts ($3.82M). Over the past 5 years the exports of Kuwait to United Kingdom have increased at an annualized rate of 17.9%, from $974M in 2017 to $2.22B in 2022.

In 2022, Kuwait did not export any services to United Kingdom.

United Kingdom-Kuwait Trade: In 2022, United Kingdom exported $968M to Kuwait. The main products that United Kingdom exported to Kuwait were Cars ($228M), Gas Turbines ($41.6M), and Packaged Medicaments ($41.6M). Over the past 5 years the exports of United Kingdom to Kuwait have increased at an annualized rate of 1.96%,  from $845M in 2017 to $968M in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $2.22B to United Kingdom. The main products exported from Kuwait to United Kingdom were Refined Petroleum ($2.17B), Ethylene Polymers ($23.9M), and Aircraft Parts ($3.82M). During the last 5 years the exports of Kuwait to United Kingdom have increased at an annualized rate of 17.9%, from $974M in 2017 to $2.22B in 2022.

In 2017, United Kingdom exported $968M to Kuwait. The main products exported from United Kingdom to Kuwait were Cars ($228M), Gas Turbines ($41.6M), and Packaged Medicaments ($41.6M). During the last 5 years the exports of United Kingdom to Kuwait have increased at an annualized rate of 1.96%, from $845M in 2022 to $968M in 2017.

Exports from Kuwait (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Kuwait (Flag) (2022)

Latest Data

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

Kuwait Exports

United Kingdom Exports

Market Competitiveness

Color
Kuwait
Top DestinationChina$24.3B
United Kingdom
Top DestinationUnited States$61.8B

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 2022, countries that imported more from Kuwait than United Kingdom included India ($15B), Chinese Taipei ($7.34B), and South Korea ($10.8B).

In 2022, countries that imported more from United Kingdom than Kuwait included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Kuwait (Flag) (2022)

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 2022, Kuwait had a large net trade with United Kingdom in the exports of Mineral Products ($2.17B), Plastics and Rubbers ($24.1M), and Machines ($8.21M).

During 2017, United Kingdom had a large net trade with Kuwait in the exports of Transportation ($263M), Machines ($191M), and Chemical Products ($106M).

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) (2022)

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