Flag Kuwait / Mexico Flag

Exports FlagFlag  (2018): $15M, Rnk 46 / 141

Top Product FlagFlag (2018): $14.6M, Nitrogenous Fertilizers

Exports FlagFlag (2018): $163M, Rnk 59 / 196

Top Product FlagFlag (2018): $33.5M, Cars

Economic Complexity of Flag (2018): ECI 0.27, Rnk 54 / 137

Economic Complexity of Flag (2018): ECI 1.13, Rnk 21 / 137

GDP Flag (2018): $141B, CURRENT US$
Rnk 56 / 196

GDP GROWTH Flag (2008-2018): -4.58%, CURRENT US$
Rnk 178 / 196

GDP Flag (2018): $1.22T, CURRENT US$
Rnk 15 / 196

GDP GROWTH Flag (2008-2018): 9.97%, CURRENT US$
Rnk 144 / 196

GDP PC Flag (2018): $33,994, CURRENT US$
Rnk 30 / 196

GDP PC GROWTH Flag (2008-2018): -38.7%, CURRENT US$
Rnk 193 / 196

GDP PC Flag (2018): $9,673, CURRENT US$
Rnk 79 / 196

GDP PC GROWTH Flag (2008-2018): -3.43%, CURRENT US$
Rnk 159 / 196

Kuwait-Mexico: In 2018, Kuwait exported $15M to Mexico. The main products exported from Kuwait to Mexico were Nitrogenous Fertilizers ($14.6M), Surveying Equipment ($70.3k), and Machinery Having Individual Functions ($42k). During the last 22 years the exports of Kuwait to Mexico have increased at an annualized rate of 44.7%, from $4.39k in 1996 to $15M in 2018.

Mexico-Kuwait: In 2018, Mexico exported $163M to Kuwait. The main products exported from Mexico to Kuwait were Cars ($33.5M), Medical Instruments ($27.6M), and Iron Pipes ($9.93M). During the last 23 years the exports of Mexico to Kuwait have increased at an annualized rate of 15.7%, from $6.59M in 1995 to $163M in 2018.

Comparison: In 2018, Kuwait ranked 54 in the Economic Complexity Index (ECI 0.27), and 47 in total exports ($63.6B). That same year, Mexico ranked 21 in the Economic Complexity Index (ECI 1.13), and 11 in total exports ($441B). In terms of GDP Per Capita, Kuwait was ranked 30 with a GDP Per Capita of $33,994, and Mexico was ranked 79 with a GDP Per Capita of $9,673.

Bilateral Trade by Products

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Depth
Value

In 2018, Kuwait exported $15M to Mexico. The main products exported from Kuwait to Mexico were Nitrogenous Fertilizers ($14.6M), Surveying Equipment ($70.3k), and Machinery Having Individual Functions ($42k). During the last 22 years the exports of Kuwait to Mexico have increased at an annualized rate of 44.7%, from $4.39k in 1996 to $15M in 2018.

In 2018, Mexico exported $163M to Kuwait. The main products exported from Mexico to Kuwait were Cars ($33.5M), Medical Instruments ($27.6M), and Iron Pipes ($9.93M). During the last 23 years the exports of Mexico to Kuwait have increased at an annualized rate of 15.7%, from $6.59M in 1995 to $163M in 2018.

Market Competitiveness

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Measure

Kuwait
Top Destination
: China, $13.6B

Mexico
Top Destination
: United States, $340B

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 2018, countries that imported more from Kuwait than Mexico were South Korea ($11.4B), China ($13.6B), and India ($7.44B).

In 2018, countries that imported more from Mexico than Kuwait were United States ($340B), Canada ($18.3B), and Germany ($7.83B).

Comparative Advantage Kuwait - Mexico

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Depth

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

During 2018, Kuwait had a large net trade with Mexico in the exports of Chemical Products ($14.7M), Machines ($101k), and Instruments ($70.3k).

During 2018, Mexico had a large net trade with Kuwait in the exports of Transportation ($45.1M), Machines ($42.8M), and Instruments ($40.1M).

Tariff Section

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This sections shows import tariffs for products traded between Kuwait and Mexico (using the HS6 product classification and the last year reported).

In 2018, the products from Kuwait that paid the highest import tariffs to enter Mexico were Tobacco, unmanufactured, not stemmed or stripped (100%) and Tobacco, unmanufactured, stemmed or stripped (100%).

In 2017, the products from Mexico that paid the highest import tariffs to enter Kuwait were Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, fresh or chilled (75%) and Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, frozen (75%).

Explore Tariff Data

*The tariffs present between Kuwait and Mexico are:
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Kuwait and Mexico. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Kuwait has comparative advantage over Mexico. Similarly, the more red a dot/product is, the more Mexico has comparative advantage over Kuwait.