Kuwait (KWT) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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Kuwait-Mexico Trade: In 2023, Kuwait exported $589k to Mexico. The main products that Kuwait exported to Mexico were Surveying Equipment ($472k), Boat Propellers ($36.1k), and Interchangeable Tool Parts ($28.1k). Over the past 5 years the exports of Kuwait to Mexico have decreased at an annualized rate of 49.2%, from $17.4M in 2018 to $589k in 2023.

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

Mexico-Kuwait Trade: In 2023, Mexico exported $344M to Kuwait. The main products that Mexico exported to Kuwait were Cars ($65.8M), Delivery Trucks ($51.3M), and Medical Instruments ($42.7M). Over the past 5 years the exports of Mexico to Kuwait have increased at an annualized rate of 11%, from $204M in 2018 to $344M in 2023.

In 2023, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $589k to Mexico. The main products exported from Kuwait to Mexico were Surveying Equipment ($472k), Boat Propellers ($36.1k), and Interchangeable Tool Parts ($28.1k). During the last 5 years the exports of Kuwait to Mexico have decreased at an annualized rate of 49.2%, from $17.4M in 2018 to $589k in 2023.

In 2018, Mexico exported $344M to Kuwait. The main products exported from Mexico to Kuwait were Cars ($65.8M), Delivery Trucks ($51.3M), and Medical Instruments ($42.7M). During the last 5 years the exports of Mexico to Kuwait have increased at an annualized rate of 11%, from $204M in 2023 to $344M in 2018.

Exports from Kuwait () to Mexico () (2023)

Exports from Mexico () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Mexico ()

Kuwait Exports

Date

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Mexico
Top DestinationUnited States$456B

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

In 2023, countries that imported more from Kuwait than Mexico included India ($9.51B), Japan ($9.13B), and Egypt ($2.78B).

In 2023, countries that imported more from Mexico than Kuwait included United States ($456B), Canada ($33B), and Germany ($10.7B).

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

Comparative Advantage Kuwait - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Mexico in the exports of Instruments ($486k), Machines ($67k), and Metals ($35.6k).

During 2018, Mexico had a large net trade with Kuwait in the exports of Transportation ($140M), Machines ($92M), and Instruments ($57.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Mexico+$396kExcavation Machinery

Top Product Potential Mexico Kuwait+$71.6MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Mexico () (2023)

Exports from Mexico () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Mexico ()

Kuwait Exports

Mexico Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Mexico

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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