Kuwait (KWT) and British Indian Ocean Territory (IOT) Trade | The Observatory of Economic Complexity

About

In N/A, Kuwait did not export any services to British Indian Ocean Territory.

British Indian Ocean Territory-Kuwait In N/A, British Indian Ocean Territory exported $7.39k to Kuwait. The main products that British Indian Ocean Territory exported to Kuwait were Medical Instruments ($7.39k). During the last N/A years the exports of British Indian Ocean Territory to Kuwait have increased at an annualized rate of 2.37%, from $3.93k in N/A to $7.39k in N/A.

In N/A, British Indian Ocean Territory 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, British Indian Ocean Territory ranked 221 in total exports ($5.8M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

2022

2020

Kuwait does not register exports to British Indian Ocean Territory.

In 2022, British Indian Ocean Territory exported $7.39k to Kuwait. The main products exported from British Indian Ocean Territory to Kuwait were Medical Instruments ($7.39k). During the last 2 years the exports of British Indian Ocean Territory to Kuwait have increased at an annualized rate of 2.37%, from $3.93k in 2020 to $7.39k in 2022.

Exports from Kuwait () to British Indian Ocean Territory () (2022)

Exports from British Indian Ocean Territory () to Kuwait () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

British Indian Ocean Territory
Top DestinationSingapore$4.42M

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

In 2021, countries that imported more from Kuwait than British Indian Ocean Territory were China ($24.3B), India ($15B), and South Korea ($10.8B).

In 2021, countries that imported more from British Indian Ocean Territory than Kuwait were Uzbekistan ($280k) and Bolivia ($1.07k).

Difference in imports from British Indian Ocean Territory () and Kuwait () (2022)

Comparative Advantage Kuwait - British Indian Ocean Territory

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

2022

2020

This chart compares trade between Kuwait and British Indian Ocean Territory by product, considering products traded by both, Kuwait and British Indian Ocean Territory.

During 2022, British Indian Ocean Territory had a large net trade with Kuwait in the exports of Instruments ($7.39k).

Economic Complexity

Competitive Landscape

Year

2022

2020

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 British Indian Ocean Territory. Similarly, the more yellow a dot/product is, the more British Indian Ocean Territory has comparative advantage over Kuwait.

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to British Indian Ocean Territory () (2022)

Exports from British Indian Ocean Territory () to Kuwait () (2022)

Market Competitiveness

Difference in imports from British Indian Ocean Territory () and Kuwait () (2022)

Comparative Advantage Kuwait - British Indian Ocean Territory

Economic Complexity

Competitive Landscape

Product Space of Kuwait () and British Indian Ocean Territory () (2022)

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