Kuwait (KWT) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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Kuwait-Turkey Trade: In 2023, Kuwait exported $113M to Turkey. The main products that Kuwait exported to Turkey were Semi-Finished Iron ($39.7M), Cyclic Hydrocarbons ($24.9M), and Ethylene Polymers ($21.5M). Over the past 5 years the exports of Kuwait to Turkey have decreased at an annualized rate of 13.6%, from $235M in 2018 to $113M in 2023.

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

Turkey-Kuwait Trade: In 2023, Turkey exported $709M to Kuwait. The main products that Turkey exported to Kuwait were Rolled Tobacco ($56.6M), Non-fillet Fresh Fish ($28.8M), and Building Stone ($21.9M). Over the past 5 years the exports of Turkey to Kuwait have increased at an annualized rate of 0.67%, from $681M in 2018 to $709M in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $113M to Turkey. The main products exported from Kuwait to Turkey were Semi-Finished Iron ($39.7M), Cyclic Hydrocarbons ($24.9M), and Ethylene Polymers ($21.5M). During the last 5 years the exports of Kuwait to Turkey have decreased at an annualized rate of 13.6%, from $235M in 2018 to $113M in 2023.

In 2018, Turkey exported $709M to Kuwait. The main products exported from Turkey to Kuwait were Rolled Tobacco ($56.6M), Non-fillet Fresh Fish ($28.8M), and Building Stone ($21.9M). During the last 5 years the exports of Turkey to Kuwait have increased at an annualized rate of 0.67%, from $681M in 2023 to $709M in 2018.

Exports from Kuwait () to Turkey () (2023)

Exports from Turkey () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Turkey ()

Kuwait Exports

Date

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Turkey
Top DestinationGermany$24.7B

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

In 2023, countries that imported more from Kuwait than Turkey included China ($17.4B), Japan ($9.13B), and India ($9.51B).

In 2023, countries that imported more from Turkey than Kuwait included Germany ($24.7B), United States ($15.9B), and Iraq ($12.8B).

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

Comparative Advantage Kuwait - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Turkey in the exports of Metals ($41.8M), Chemical Products ($30.7M), and Plastics and Rubbers ($30.2M).

During 2018, Turkey had a large net trade with Kuwait in the exports of Textiles ($146M), Foodstuffs ($121M), and Animal Products ($72.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Turkey+$21.5MEthylene Polymers

Top Product Potential Turkey Kuwait+$16MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Turkey () (2023)

Exports from Turkey () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Turkey ()

Kuwait Exports

Turkey Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Turkey

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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