2022
Flag  
GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP
$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH
0%CURRENT US$
Rnk 165 / 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
$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH
0%CURRENT US$
Rnk 143 / 186

About

Kuwait-Somalia Trade: In 2022, Kuwait exported $170k to Somalia. The main products that Kuwait exported to Somalia were Cars ($200k), Refined Petroleum ($154k), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($66k). Over the past 5 years the exports of Kuwait to Somalia have increased at an annualized rate of 41.4%, from $30k in 2017 to $170k in 2022.

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

Somalia-Kuwait Trade: In 2022, Somalia exported $350k to Kuwait. The main products that Somalia exported to Kuwait were Bovine ($4.34M), Other Animals ($4.21M), and Sheep and Goats ($2.46M). Over the past 5 years the exports of Somalia to Kuwait have decreased at an annualized rate of 41.4%,  from $5.08M in 2017 to $350k in 2022.

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

Comparison In 2022,  Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44),  and 42 in total exports ($101B). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $170k to Somalia. The main products exported from Kuwait to Somalia were Cars ($200k), Refined Petroleum ($154k), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($66k). During the last 5 years the exports of Kuwait to Somalia have increased at an annualized rate of 41.4%, from $30k in 2017 to $170k in 2022.

In 2017, Somalia exported $350k to Kuwait. The main products exported from Somalia to Kuwait were Bovine ($4.34M), Other Animals ($4.21M), and Sheep and Goats ($2.46M). During the last 17 years the exports of Somalia to Kuwait have decreased at an annualized rate of 41.4%, from $5.08M in 2000 to $350k in 2017.

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

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

Latest Data

Trade between Kuwait (Flag) and Somalia (Flag)

Kuwait Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$24.3B
Somalia
Top Destination
United Arab Emirates$283M

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

In 2022, countries that imported more from Kuwait than Somalia included China ($24.3B), India ($15B), and South Korea ($10.8B).

In 2022, countries that imported more from Somalia than Kuwait included Bulgaria ($18.5M), Macau ($2.24M), and Namibia ($40.6k).

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

Comparative Advantage Kuwait - Somalia

Flow
Scale

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

During 2022, Kuwait had a large net trade with Somalia in the exports of Transportation ($433k), Mineral Products ($154k), and Instruments ($17.5k).

During 2017, Somalia had a large net trade with Kuwait in the exports of Animal Products ($11M), Vegetable Products ($2.49M), and Animal Hides ($5.04k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Kuwait and Somalia. This means that a dot/product with the flag of Kuwait indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Kuwait.

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

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