2022
Flag  
GDP
$185BCURRENT US$
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2012-2022
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GDP GROWTH
6.04%CURRENT US$
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2022
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 GDP
$467BCURRENT US$
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2012-2022
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GDP GROWTH
58.2%CURRENT US$
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2022
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GDP PC 
$43,233CURRENT US$
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2012-2022
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GDP PC GROWTH
-15.7%CURRENT US$
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2022
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GDP PC
$82,808CURRENT US$
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2012-2022
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GDP PC GROWTH
49.1%CURRENT US$
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About

Kuwait-Singapore In 2022, Kuwait exported $427M to Singapore. The main products that Kuwait exported to Singapore are Refined Petroleum ($367M), Engine Parts ($20.5M), and Crude Petroleum ($10.8M). During the last 27 years the exports of Kuwait to Singapore have decreased at an annualized rate of 3.18%, from $1.02B in 1995 to $427M in 2022.

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

Singapore-Kuwait In 2022, Singapore exported $349M to Kuwait. The main products that Singapore exported to Kuwait were Excavation Machinery ($42.5M), Valves ($40M), and Vaccines, blood, antisera, toxins and cultures ($30.8M). During the last 27 years the exports of Singapore to Kuwait have increased at an annualized rate of 6.1%, from $70.5M in 1995 to $349M in 2022.

In 2022, Singapore 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, Singapore ranked 5 in the Economic Complexity Index (ECI 1.53), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $427M to Singapore. The main products exported from Kuwait to Singapore were Refined Petroleum ($367M), Engine Parts ($20.5M), and Crude Petroleum ($10.8M). During the last 27 years the exports of Kuwait to Singapore have decreased at an annualized rate of 3.18%, from $1.02B in 1995 to $427M in 2022.

In 2022, Singapore exported $349M to Kuwait. The main products exported from Singapore to Kuwait were Excavation Machinery ($42.5M), Valves ($40M), and Vaccines, blood, antisera, toxins and cultures ($30.8M). During the last 27 years the exports of Singapore to Kuwait have increased at an annualized rate of 6.1%, from $70.5M in 1995 to $349M in 2022.

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

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

Latest Data

Trade between Kuwait (Flag) and Singapore (Flag)

Kuwait Exports

Singapore Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$24.3B
Singapore
Top Destination
Hong Kong$51.6B

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

In 2021, countries that imported more from Kuwait than Singapore were Pakistan ($3.97B), Egypt ($2.84B), and Saudi Arabia ($2.75B).

In 2021, countries that imported more from Singapore than Kuwait were Hong Kong ($51.6B), Malaysia ($35.9B), and China ($51.2B).

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

Comparative Advantage Kuwait - Singapore

Flow
Scale

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

During 2022, Kuwait had a large net trade with Singapore in the exports of Mineral Products ($378M), Machines ($23.1M), and Plastics and Rubbers ($8.96M).

During 2022, Singapore had a large net trade with Kuwait in the exports of Machines ($170M), Foodstuffs ($48.2M), and Instruments ($48M).

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 Singapore. Similarly, the more yellow a dot/product is, the more Singapore has comparative advantage over Kuwait.

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

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