Kuwait (KWT) and India (IND) Trade | The Observatory of Economic Complexity

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Kuwait-India Trade: In 2023, Kuwait exported $9.51B to India. The main products that Kuwait exported to India were Crude Petroleum ($4.82B), Petroleum Gas ($2.04B), and Cyclic Hydrocarbons ($720M). Over the past 5 years the exports of Kuwait to India have increased at an annualized rate of 2.85%, from $8.26B in 2018 to $9.51B in 2023.

In 2023, Kuwait did not export any services to India.

India-Kuwait Trade: In 2023, India exported $2.2B to Kuwait. The main products that India exported to Kuwait were Rice ($259M), Planes, Helicopters, and/or Spacecraft ($179M), and Cars ($120M). Over the past 5 years the exports of India to Kuwait have increased at an annualized rate of 4.55%, from $1.76B in 2018 to $2.2B in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $9.51B to India. The main products exported from Kuwait to India were Crude Petroleum ($4.82B), Petroleum Gas ($2.04B), and Cyclic Hydrocarbons ($720M). During the last 5 years the exports of Kuwait to India have increased at an annualized rate of 2.85%, from $8.26B in 2018 to $9.51B in 2023.

In 2018, India exported $2.2B to Kuwait. The main products exported from India to Kuwait were Rice ($259M), Planes, Helicopters, and/or Spacecraft ($179M), and Cars ($120M). During the last 5 years the exports of India to Kuwait have increased at an annualized rate of 4.55%, from $1.76B in 2023 to $2.2B in 2018.

Exports from Kuwait () to India () (2023)

Exports from India () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and India ()

Kuwait Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Kuwait than India included Japan ($9.13B), Chinese Taipei ($4.74B), and Pakistan ($2.13B).

In 2023, countries that imported more from India than Kuwait included United States ($85.5B), United Arab Emirates ($28.8B), and Germany ($15B).

Difference in imports from India () and Kuwait () (2023)

Comparative Advantage Kuwait - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with India in the exports of Mineral Products ($7.17B), Chemical Products ($1.51B), and Transportation ($407M).

During 2018, India had a large net trade with Kuwait in the exports of Vegetable Products ($410M), Machines ($358M), and Transportation ($353M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait India+$1.39BCrude Petroleum

Top Product Potential India Kuwait+$54.5MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Kuwait () to India () (2023)

Exports from India () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and India ()

Kuwait Exports

India Exports

Market Competitiveness

Difference in imports from India () and Kuwait () (2023)

Comparative Advantage Kuwait - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Kuwait () and India () (2023)

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