2022
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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
$8.13BCURRENT US$
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2012-2022
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GDP GROWTH
0%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
$462CURRENT US$
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2012-2022
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GDP PC GROWTH
0%CURRENT US$
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About

Kuwait-Somalia In 2022, Kuwait exported $628k to Somalia. The main products that Kuwait exported to Somalia are Cars ($200k), Refined Petroleum ($154k), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($66k). During the last 22 years the exports of Kuwait to Somalia have increased at an annualized rate of 14.8%, from $30k in 2000 to $628k in 2022.

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

Somalia-Kuwait In 2022, Somalia exported $13.5M to Kuwait. The main products that Somalia exported to Kuwait were Bovine ($4.34M), Other Animals ($4.21M), and Sheep and Goats ($2.46M). During the last 22 years the exports of Somalia to Kuwait have increased at an annualized rate of 4.54%, from $5.08M in 2000 to $13.5M in 2022.

In 2022, Somalia 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, 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 $628k 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 22 years the exports of Kuwait to Somalia have increased at an annualized rate of 14.8%, from $30k in 2000 to $628k in 2022.

In 2022, Somalia exported $13.5M 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 22 years the exports of Somalia to Kuwait have increased at an annualized rate of 4.54%, from $5.08M in 2000 to $13.5M in 2022.

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 2021, countries that imported more from Kuwait than Somalia were China ($24.3B), India ($15B), and South Korea ($10.8B).

In 2021, countries that imported more from Somalia than Kuwait were 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 2022, 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 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 Somalia. Similarly, the more yellow a dot/product is, the more Somalia has comparative advantage over Kuwait.

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

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