Kuwait (KWT) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Kuwait-Malaysia Trade: In 2023, Kuwait exported $656M to Malaysia. The main products that Kuwait exported to Malaysia were Crude Petroleum ($392M), Refined Petroleum ($131M), and Sulfonated, Nitrated or Nitrosated Hydrocarbons ($39.8M). Over the past 5 years the exports of Kuwait to Malaysia have increased at an annualized rate of 6.97%, from $468M in 2018 to $656M in 2023.

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

Malaysia-Kuwait Trade: In 2023, Malaysia exported $257M to Kuwait. The main products that Malaysia exported to Kuwait were Petroleum Gas ($29.8M), Palm Oil ($27.7M), and Video Displays ($14.5M). Over the past 5 years the exports of Malaysia to Kuwait have decreased at an annualized rate of 3.44%, from $306M in 2018 to $257M in 2023.

In 2023, Malaysia 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, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $656M to Malaysia. The main products exported from Kuwait to Malaysia were Crude Petroleum ($392M), Refined Petroleum ($131M), and Sulfonated, Nitrated or Nitrosated Hydrocarbons ($39.8M). During the last 5 years the exports of Kuwait to Malaysia have increased at an annualized rate of 6.97%, from $468M in 2018 to $656M in 2023.

In 2018, Malaysia exported $257M to Kuwait. The main products exported from Malaysia to Kuwait were Petroleum Gas ($29.8M), Palm Oil ($27.7M), and Video Displays ($14.5M). During the last 5 years the exports of Malaysia to Kuwait have decreased at an annualized rate of 3.44%, from $306M in 2023 to $257M in 2018.

Exports from Kuwait () to Malaysia () (2023)

Exports from Malaysia () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Malaysia ()

Kuwait Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Malaysia
Top DestinationChina$79.8B

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

In 2023, countries that imported more from Kuwait than Malaysia included Egypt ($2.78B), Oman ($1.74B), and Pakistan ($2.13B).

In 2023, countries that imported more from Malaysia than Kuwait included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

Comparative Advantage Kuwait - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Malaysia in the exports of Mineral Products ($551M), Chemical Products ($84.2M), and Plastics and Rubbers ($18.6M).

During 2018, Malaysia had a large net trade with Kuwait in the exports of Machines ($74.9M), Animal and Vegetable Bi-Products ($44.1M), and Foodstuffs ($32.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Malaysia+$141MCrude Petroleum

Top Product Potential Malaysia Kuwait+$9.09MComputers

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Malaysia () (2023)

Exports from Malaysia () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Malaysia ()

Kuwait Exports

Malaysia Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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