Kuwait / South Korea

Kuwait-South Korea Trade: In 2023, Kuwait exported $14.1M to South Korea. The main products that Kuwait exported to South Korea were Reaction and Catalytic Products ($8.58M), Scrap Aluminium ($3.48M), and Rolled Tobacco ($365k). Over the past 5 years the exports of Kuwait to South Korea have decreased at an annualized rate of 74.4%, from $12.8B in 2018 to $14.1M in 2023.

In 2023, Kuwait did not export any services to South Korea.

South Korea-Kuwait Trade: In 2023, South Korea exported $484M to Kuwait. The main products that South Korea exported to Kuwait were Cars ($180M), Beauty Products ($26.1M), and Electrical Transformers ($25.4M). Over the past 5 years the exports of South Korea to Kuwait have decreased at an annualized rate of 18.7%,  from $1.37B in 2018 to $484M in 2023.

In 2005, South Korea exported services to Kuwait worth $1.03B, with Services not allocated ($995M), Transportation ($29.8M), and Other business services ($6.7M) being the largest in terms of value.

Comparison: In 2023,  Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).