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
Flag
 GDP
$409BCURRENT US$
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2012-2022
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GDP GROWTH
109%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
$4,164CURRENT US$
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2012-2022
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GDP PC GROWTH
90.1%CURRENT US$
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About

Kuwait-Vietnam In 2022, Kuwait exported $5.7B to Vietnam. The main products that Kuwait exported to Vietnam are Crude Petroleum ($5.44B), Petroleum Gas ($139M), and Ethylene Polymers ($108M). During the last 22 years the exports of Kuwait to Vietnam have increased at an annualized rate of 20.1%, from $102M in 2000 to $5.7B in 2022.

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

Vietnam-Kuwait In 2022, Vietnam exported $641M to Kuwait. The main products that Vietnam exported to Kuwait were Broadcasting Equipment ($126M), Textile Footwear ($46.3M), and Microphones and Headphones ($42.1M). During the last 22 years the exports of Vietnam to Kuwait have increased at an annualized rate of 26.6%, from $3.6M in 2000 to $641M in 2022.

In 2022, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.062), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $5.7B to Vietnam. The main products exported from Kuwait to Vietnam were Crude Petroleum ($5.44B), Petroleum Gas ($139M), and Ethylene Polymers ($108M). During the last 22 years the exports of Kuwait to Vietnam have increased at an annualized rate of 20.1%, from $102M in 2000 to $5.7B in 2022.

In 2022, Vietnam exported $641M to Kuwait. The main products exported from Vietnam to Kuwait were Broadcasting Equipment ($126M), Textile Footwear ($46.3M), and Microphones and Headphones ($42.1M). During the last 22 years the exports of Vietnam to Kuwait have increased at an annualized rate of 26.6%, from $3.6M in 2000 to $641M in 2022.

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

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

Latest Data

Trade between Kuwait (Flag) and Vietnam (Flag)

Kuwait Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$24.3B
Vietnam
Top Destination
United States$117B

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

In 2021, countries that imported more from Kuwait than Vietnam were India ($15B), Pakistan ($3.97B), and Egypt ($2.84B).

In 2021, countries that imported more from Vietnam than Kuwait were United States ($117B), China ($58.7B), and Japan ($25B).

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

Comparative Advantage Kuwait - Vietnam

Flow
Scale

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

During 2022, Kuwait had a large net trade with Vietnam in the exports of Mineral Products ($5.58B), Plastics and Rubbers ($108M), and Chemical Products ($4.51M).

During 2022, Vietnam had a large net trade with Kuwait in the exports of Machines ($293M), Textiles ($96.4M), and Footwear and Headwear ($79M).

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

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

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