Kuwait (KWT) and Equatorial Guinea (GNQ) Trade | The Observatory of Economic Complexity

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Kuwait-Equatorial Guinea Trade: In 2011, Kuwait exported $7.2k to Equatorial Guinea. The main products that Kuwait exported to Equatorial Guinea were N/A. Over the past 11 years the exports of Kuwait to Equatorial Guinea have increased at an annualized rate of 53.4%, from $65 in 2000 to $7.2k in 2011.

In 2011, Kuwait did not export any services to Equatorial Guinea.

Equatorial Guinea-Kuwait Trade: In 2011, Equatorial Guinea exported $8.58k to Kuwait. The main products that Equatorial Guinea exported to Kuwait were Spices ($7.91k) and Processed Crustaceans ($665). Over the past 11 years the exports of Equatorial Guinea to Kuwait have decreased at an annualized rate of 3.45%, from $11k in 2000 to $8.58k in 2011.

In 2011, Equatorial Guinea 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, Equatorial Guinea ranked 108 in total exports ($8.63B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2011, Kuwait exported $7.2k to Equatorial Guinea. There were not main exports from Kuwait to Equatorial Guinea in 2011. During the last 11 years the exports of Kuwait to Equatorial Guinea have increased at an annualized rate of 53.4%, from $65 in 2000 to $7.2k in 2011.

In 2017, Equatorial Guinea exported $8.58k to Kuwait. The main products exported from Equatorial Guinea to Kuwait were Spices ($7.91k) and Processed Crustaceans ($665). During the last 5 years the exports of Equatorial Guinea to Kuwait have decreased at an annualized rate of 3.45%, from $11k in 2022 to $8.58k in 2017.

Exports from Kuwait () to Equatorial Guinea () (2022)

Exports from Equatorial Guinea () to Kuwait () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Equatorial Guinea
Top DestinationZambia$1.84B

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

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

In 2022, countries that imported more from Equatorial Guinea than Kuwait included Zambia ($1.84B), Spain ($1.32B), and Chile ($413M).

Difference in imports from Equatorial Guinea () and Kuwait () (2022)

Comparative Advantage Kuwait - Equatorial Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2011, Kuwait had a large net trade with Equatorial Guinea in the exports of .

During 2017, Equatorial Guinea had a large net trade with Kuwait in the exports of Vegetable Products ($7.91k) and Foodstuffs ($665).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Equatorial Guinea+$2.52kRefined Petroleum

Top Product Potential Equatorial Guinea Kuwait+$5.52kSpices

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Equatorial Guinea () (2022)

Exports from Equatorial Guinea () to Kuwait () (2022)

Market Competitiveness

Difference in imports from Equatorial Guinea () and Kuwait () (2022)

Comparative Advantage Kuwait - Equatorial Guinea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Kuwait () and Equatorial Guinea () (2022)

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