2022
Flag  
GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
GDP PC 
$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH
-15.7%CURRENT US$
Rnk 166 / 186
2022
Flag
GDP PC
$25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH
1.35%CURRENT US$
Rnk 136 / 186

About

Kuwait-Oman In 2022, Kuwait exported $368M to Oman. The main products that Kuwait exported to Oman are Refined Petroleum ($146M), Acyclic Alcohols ($88.4M), and Petroleum Coke ($32.3M). During the last 27 years the exports of Kuwait to Oman have increased at an annualized rate of 14.6%, from $9.36M in 1995 to $368M in 2022.

In 2022, Kuwait did not export any services to Oman.

Oman-Kuwait In 2022, Oman exported $249M to Kuwait. The main products that Oman exported to Kuwait were Electrical Transformers ($30M), Cyclic Hydrocarbons ($28.7M), and Sauces and Seasonings ($17.2M). During the last 27 years the exports of Oman to Kuwait have increased at an annualized rate of 10.2%, from $17.9M in 1995 to $249M in 2022.

In 2022, Oman did not export any services to Kuwait.

Comparison In 2022,  Kuwait ranked 53 in the Economic Complexity Index (ECI 0.16), and 42 in total exports ($101B). That same year, Oman ranked 68 in the Economic Complexity Index (ECI -0.15), and 50 in total exports ($76.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $368M to Oman. The main products exported from Kuwait to Oman were Refined Petroleum ($146M), Acyclic Alcohols ($88.4M), and Petroleum Coke ($32.3M). During the last 27 years the exports of Kuwait to Oman have increased at an annualized rate of 14.6%, from $9.36M in 1995 to $368M in 2022.

In 2022, Oman exported $249M to Kuwait. The main products exported from Oman to Kuwait were Electrical Transformers ($30M), Cyclic Hydrocarbons ($28.7M), and Sauces and Seasonings ($17.2M). During the last 27 years the exports of Oman to Kuwait have increased at an annualized rate of 10.2%, from $17.9M in 1995 to $249M in 2022.

Exports from Kuwait (Flag) to Oman (Flag) (2022)

Exports from Oman (Flag) to Kuwait (Flag) (2022)

Latest Data

Trade between Kuwait (Flag) and Oman (Flag)

Kuwait Exports

Oman Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$24.3B
Oman
Top Destination
China$30.4B

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

In 2021, countries that imported more from Kuwait than Oman were India ($15B), South Korea ($10.8B), and Japan ($8.64B).

In 2021, countries that imported more from Oman than Kuwait were China ($30.4B), Indonesia ($1.23B), and Thailand ($2.02B).

Difference in imports from Oman (Flag) and Kuwait (Flag) (2022)

Comparative Advantage Kuwait - Oman

Flow
Scale

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

During 2022, Kuwait had a large net trade with Oman in the exports of Mineral Products ($179M), Chemical Products ($104M), and Transportation ($27.9M).

During 2022, Oman had a large net trade with Kuwait in the exports of Machines ($57M), Chemical Products ($43.3M), and Metals ($28.4M).

Economic Complexity

Competitive Landscape

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

Product Space of Kuwait (Flag) and Oman (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with