2023
Flag  
GDP
$164BCURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP GROWTH
-6.01%CURRENT US$
Rnk 178 / 195
2023
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 GDP
$263BCURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP GROWTH
11%CURRENT US$
Rnk 153 / 195
2023
Flag
GDP PC 
$33,730CURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP PC GROWTH
-32.1%CURRENT US$
Rnk 187 / 195
2023
Flag
GDP PC
$12,919CURRENT US$
Rnk 79 / 196
2013-2023
Flag
GDP PC GROWTH
-4.15%CURRENT US$
Rnk 158 / 195

About

Kuwait-Kazakhstan Trade: In 2023, Kuwait exported $853k to Kazakhstan. The main products that Kuwait exported to Kazakhstan were Niobium, Tantalum, Vanadium and Zirconium Ore ($664k), Excavation Machinery ($65.9k), and Surveying Equipment ($61.2k). Over the past 5 years the exports of Kuwait to Kazakhstan have increased at an annualized rate of 18.5%, from $366k in 2018 to $853k in 2023.

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

Kazakhstan-Kuwait Trade: In 2023, Kazakhstan exported $3.54M to Kuwait. The main products that Kazakhstan exported to Kuwait were Sheep and Goat Meat ($2.72M), Natural Polymers ($194k), and Iron Pipe Fittings ($156k). Over the past 5 years the exports of Kazakhstan to Kuwait have increased at an annualized rate of 53.8%,  from $411k in 2018 to $3.54M in 2023.

In 2023, Kazakhstan 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, Kazakhstan ranked 71 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($96.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Kuwait exported $853k to Kazakhstan. The main products exported from Kuwait to Kazakhstan were Niobium, Tantalum, Vanadium and Zirconium Ore ($664k), Excavation Machinery ($65.9k), and Surveying Equipment ($61.2k). During the last 5 years the exports of Kuwait to Kazakhstan have increased at an annualized rate of 18.5%, from $366k in 2018 to $853k in 2023.

In 2018, Kazakhstan exported $3.54M to Kuwait. The main products exported from Kazakhstan to Kuwait were Sheep and Goat Meat ($2.72M), Natural Polymers ($194k), and Iron Pipe Fittings ($156k). During the last 5 years the exports of Kazakhstan to Kuwait have increased at an annualized rate of 53.8%, from $411k in 2023 to $3.54M in 2018.

Exports from Kuwait (Flag) to Kazakhstan (Flag) (2023)

Exports from Kazakhstan (Flag) to Kuwait (Flag) (2023)

Latest Data

Trade between Kuwait (Flag) and Kazakhstan (Flag)

Kuwait Exports

Kazakhstan Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$17.4B
Kazakhstan
Top Destination
China$15.2B

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

In 2023, countries that imported more from Kuwait than Kazakhstan included India ($9.51B), Japan ($9.13B), and Chinese Taipei ($4.74B).

In 2023, countries that imported more from Kazakhstan than Kuwait included United Kingdom ($14.3B), Russia ($9.78B), and Turkey ($5.42B).

Difference in imports from Kazakhstan (Flag) and Kuwait (Flag) (2023)

Comparative Advantage Kuwait - Kazakhstan

Flow
Scale

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

During 2023, Kuwait had a large net trade with Kazakhstan in the exports of Mineral Products ($664k), Machines ($111k), and Instruments ($61.2k).

During 2018, Kazakhstan had a large net trade with Kuwait in the exports of Animal Products ($2.81M), Plastics and Rubbers ($301k), and Metals ($256k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kuwait Kazakhstan+$497kIron Pipes
Top Product Potential Kazakhstan Kuwait+$151kDried Legumes

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

Product Space of Kuwait (Flag) and Kazakhstan (Flag) (2023)

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