New Zealand (NZL) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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New Zealand-Kuwait Trade: In 2022, New Zealand exported $124M to Kuwait. The main products that New Zealand exported to Kuwait were Concentrated Milk ($53.3M), Butter ($28.6M), and Bovine Meat ($7.57M). Over the past 5 years the exports of New Zealand to Kuwait have increased at an annualized rate of 2.66%, from $109M in 2017 to $124M in 2022.

In 2018, New Zealand exported services to Kuwait worth $16.6M, with Travel ($16.6M) being the largest in terms of value.

Kuwait-New Zealand Trade: In 2022, Kuwait exported $14.8M to New Zealand. The main products that Kuwait exported to New Zealand were Petroleum Coke ($14.7M), Motor vehicles; parts and accessories (8701 to 8705) ($49.2k), and Engine Parts ($44.5k). Over the past 5 years the exports of Kuwait to New Zealand have decreased at an annualized rate of 5.88%, from $21.3M in 2017 to $14.8M in 2022.

In 2022, Kuwait did not export any services to New Zealand.

Comparison: In 2022, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, New Zealand exported $124M to Kuwait. The main products exported from New Zealand to Kuwait were Concentrated Milk ($53.3M), Butter ($28.6M), and Bovine Meat ($7.57M). During the last 5 years the exports of New Zealand to Kuwait have increased at an annualized rate of 2.66%, from $109M in 2017 to $124M in 2022.

In 2017, Kuwait exported $14.8M to New Zealand. The main products exported from Kuwait to New Zealand were Petroleum Coke ($14.7M), Motor vehicles; parts and accessories (8701 to 8705) ($49.2k), and Engine Parts ($44.5k). During the last 5 years the exports of Kuwait to New Zealand have decreased at an annualized rate of 5.88%, from $21.3M in 2022 to $14.8M in 2017.

Exports from New Zealand () to Kuwait () (2022)

Exports from Kuwait () to New Zealand () (2022)

Latest Data

Trade between New Zealand () and Kuwait ()

New Zealand Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$13.1B

Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from New Zealand than Kuwait included Australia ($5.35B), United States ($5.07B), and Indonesia ($1.33B).

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

Difference in imports from Kuwait () and New Zealand () (2022)

Comparative Advantage New Zealand - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, New Zealand had a large net trade with Kuwait in the exports of Animal Products ($105M), Vegetable Products ($7.85M), and Foodstuffs ($5.52M).

During 2017, Kuwait had a large net trade with New Zealand in the exports of Mineral Products ($14.7M), Transportation ($49.2k), and Machines ($46.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential New Zealand Kuwait+$2.17MCheese

Top Product Potential Kuwait New Zealand+$105kMotor vehicles; parts and accessories (8701 to 8705)

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

About

Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Kuwait () (2022)

Exports from Kuwait () to New Zealand () (2022)

Latest Data

Trade between New Zealand () and Kuwait ()

New Zealand Exports

Kuwait Exports

Market Competitiveness

Difference in imports from Kuwait () and New Zealand () (2022)

Comparative Advantage New Zealand - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Kuwait () (2022)

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