Oman (OMN) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Oman-Kuwait Trade: In 2023, Oman exported $478M to Kuwait. The main products that Oman exported to Kuwait were Sheep and Goats ($163M), Cyclic Hydrocarbons ($66.1M), and Limestone ($30.4M). Over the past 5 years the exports of Oman to Kuwait have increased at an annualized rate of 10.5%, from $291M in 2018 to $478M in 2023.

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

Kuwait-Oman Trade: In 2023, Kuwait exported $1.74B to Oman. The main products that Kuwait exported to Oman were Crude Petroleum ($1.51B), Refined Petroleum ($70.9M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($38.7M). Over the past 5 years the exports of Kuwait to Oman have increased at an annualized rate of 54.9%, from $195M in 2018 to $1.74B in 2023.

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

Comparison: In 2023, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B). That same year, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $478M to Kuwait. The main products exported from Oman to Kuwait were Sheep and Goats ($163M), Cyclic Hydrocarbons ($66.1M), and Limestone ($30.4M). During the last 5 years the exports of Oman to Kuwait have increased at an annualized rate of 10.5%, from $291M in 2018 to $478M in 2023.

In 2018, Kuwait exported $1.74B to Oman. The main products exported from Kuwait to Oman were Crude Petroleum ($1.51B), Refined Petroleum ($70.9M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($38.7M). During the last 5 years the exports of Kuwait to Oman have increased at an annualized rate of 54.9%, from $195M in 2023 to $1.74B in 2018.

Exports from Oman () to Kuwait () (2023)

Exports from Kuwait () to Oman () (2023)

Latest Data

Trade between Oman () and Kuwait ()

Oman Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Oman than Kuwait included China ($30.2B), Saudi Arabia ($3.64B), and South Africa ($2.57B).

In 2023, countries that imported more from Kuwait than Oman included Japan ($9.13B), India ($9.51B), and United Kingdom ($3.31B).

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

Comparative Advantage Oman - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Kuwait in the exports of Animal Products ($188M), Chemical Products ($77.8M), and Mineral Products ($42.9M).

During 2018, Kuwait had a large net trade with Oman in the exports of Mineral Products ($1.61B), Chemical Products ($54.2M), and Instruments ($31.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Kuwait+$5.32MRefined Petroleum

Top Product Potential Kuwait Oman+$65.7MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Kuwait () (2023)

Exports from Kuwait () to Oman () (2023)

Latest Data

Trade between Oman () and Kuwait ()

Oman Exports

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Oman - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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