2022
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GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
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GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 186
2022
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 GDP
$360BCURRENT US$
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2012-2022
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GDP GROWTH
37%CURRENT US$
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2022
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GDP PC 
$43,233CURRENT US$
Rnk 24 / 186
2012-2022
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GDP PC GROWTH
-15.7%CURRENT US$
Rnk 166 / 186
2022
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GDP PC
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
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GDP PC GROWTH
33.4%CURRENT US$
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About

Kuwait-Hong Kong In 2022, Kuwait exported $163M to Hong Kong. The main products that Kuwait exported to Hong Kong are Semi-Finished Iron ($53.6M), Other Clocks ($36.5M), and Cyclic Hydrocarbons ($19M). During the last 27 years the exports of Kuwait to Hong Kong have increased at an annualized rate of 6.23%, from $31.9M in 1995 to $163M in 2022.

In 2022, Kuwait did not export any services to Hong Kong.

Hong Kong-Kuwait In 2022, Hong Kong exported $186M to Kuwait. The main products that Hong Kong exported to Kuwait were Jewellery ($70.2M), Knit Women's Coats ($65.1M), and Base Metal Watches ($11.4M). During the last 27 years the exports of Hong Kong to Kuwait have increased at an annualized rate of 3.36%, from $76.3M in 1995 to $186M in 2022.

In 2022, Hong Kong did not export any services to Kuwait.

Comparison In 2022,  Kuwait ranked 53 in the Economic Complexity Index (ECI 0.16), and 42 in total exports ($101B). That same year, Hong Kong ranked 26 in the Economic Complexity Index (ECI 0.99), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $163M to Hong Kong. The main products exported from Kuwait to Hong Kong were Semi-Finished Iron ($53.6M), Other Clocks ($36.5M), and Cyclic Hydrocarbons ($19M). During the last 27 years the exports of Kuwait to Hong Kong have increased at an annualized rate of 6.23%, from $31.9M in 1995 to $163M in 2022.

In 2022, Hong Kong exported $186M to Kuwait. The main products exported from Hong Kong to Kuwait were Jewellery ($70.2M), Knit Women's Coats ($65.1M), and Base Metal Watches ($11.4M). During the last 27 years the exports of Hong Kong to Kuwait have increased at an annualized rate of 3.36%, from $76.3M in 1995 to $186M in 2022.

Exports from Kuwait (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Kuwait (Flag) (2022)

Latest Data

Trade between Kuwait (Flag) and Hong Kong (Flag)

Kuwait Exports

Hong Kong Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$24.3B
Hong Kong
Top Destination
China$23.4B

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

In 2021, countries that imported more from Kuwait than Hong Kong were South Korea ($10.8B), Japan ($8.64B), and Chinese Taipei ($7.34B).

In 2021, countries that imported more from Hong Kong than Kuwait were Netherlands ($6.56B), Switzerland ($4.11B), and Malaysia ($3.84B).

Difference in imports from Hong Kong (Flag) and Kuwait (Flag) (2022)

Comparative Advantage Kuwait - Hong Kong

Flow
Scale

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

During 2022, Kuwait had a large net trade with Hong Kong in the exports of Metals ($53.6M), Instruments ($47.8M), and Machines ($22.7M).

During 2022, Hong Kong had a large net trade with Kuwait in the exports of Precious Metals ($73.3M), Textiles ($72.3M), and Machines ($14.2M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Kuwait has comparative advantage over Hong Kong. Similarly, the more yellow a dot/product is, the more Hong Kong has comparative advantage over Kuwait.

Product Space of Kuwait (Flag) and Hong Kong (Flag) (2022)

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