Norway (NOR) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

About

Norway-Kuwait In 2022, Norway exported $98.9M to Kuwait. The main products that Norway exported to Kuwait are Non-fillet Fresh Fish ($42.6M), Fish Fillets ($7.79M), and Surveying Equipment ($6.27M). During the last 27 years the exports of Norway to Kuwait have increased at an annualized rate of 13.6%, from $3.19M in 1995 to $98.9M in 2022.

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

Kuwait-Norway In 2022, Kuwait exported $1.98M to Norway. The main products that Kuwait exported to Norway were Surveying Equipment ($522k), Low-voltage Protection Equipment ($325k), and Gas and Liquid Flow Measuring Instruments ($314k). During the last 27 years the exports of Kuwait to Norway have decreased at an annualized rate of 4.04%, from $6.03M in 1995 to $1.98M in 2022.

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

Comparison In 2022, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.16), and 42 in total exports ($101B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK27.3M and imported NOK15k from Kuwait, resulting in a positive trade balance of NOK27.3M. Between February 2023 and February 2024 the exports of Norway have increased by NOK9.78M (55.8%) from NOK17.5M to NOK27.3M, while imports decreased by NOK-75k (-83.3%) from NOK90k to NOK15k.

Trade In February 2024, the top exports of Norway to Kuwait were N/A. In February 2024 the top imports of Norway from Kuwait were General industrial machinery and equipment, n.e.s.,... (NOK94k), Power-generating machinery and equipment (NOK4k), Articles of apparel and clothing accessories (NOK2k), Live animals other than animals of... (NOK0), and Meat and meat preparations (NOK0).

Growth In February 2024, the increase in Norway's year-by-year exports to Kuwait was explained primarily by an increase in product exports in Fish (not marine mammals), crustaceans, molluscs... (NOK2.42M or 29%), Non-ferrous metals (NOK1.69M or 63%), and Telecommunications and sound-recording and reproducing apparatus... (NOK663k or 2.01k%). In February 2024, the decrease in Norway's year-by-year imports from Kuwait was explained primarily by an decrease in product imports in .

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK9.78M(55.8%)

IMPORT GROWTH (February 2023 - February 2024)NOK-75k(-83.3%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Kuwait and Norway trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $98.9M to Kuwait. The main products exported from Norway to Kuwait were Non-fillet Fresh Fish ($42.6M), Fish Fillets ($7.79M), and Surveying Equipment ($6.27M). During the last 27 years the exports of Norway to Kuwait have increased at an annualized rate of 13.6%, from $3.19M in 1995 to $98.9M in 2022.

In 2022, Kuwait exported $1.98M to Norway. The main products exported from Kuwait to Norway were Surveying Equipment ($522k), Low-voltage Protection Equipment ($325k), and Gas and Liquid Flow Measuring Instruments ($314k). During the last 27 years the exports of Kuwait to Norway have decreased at an annualized rate of 4.04%, from $6.03M in 1995 to $1.98M in 2022.

Exports from Norway () to Kuwait () (2022)

Exports from Kuwait () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Kuwait
Top DestinationChina$24.3B

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

In 2021, countries that imported more from Norway than Kuwait were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Difference in imports from Kuwait () and Norway () (2022)

Comparative Advantage Norway - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Kuwait in the exports of Animal Products ($53.5M), Chemical Products ($15.2M), and Machines ($8.31M).

During 2022, Kuwait had a large net trade with Norway in the exports of Instruments ($1.04M), Machines ($641k), and Metals ($206k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Norway () to Kuwait () (2022)

Exports from Kuwait () to Norway () (2022)

Market Competitiveness

Difference in imports from Kuwait () and Norway () (2022)

Comparative Advantage Norway - Kuwait

Economic Complexity

Competitive Landscape

Product Space of Norway () and Kuwait () (2022)

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