Qatar (QAT) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Qatar-Kuwait Trade: In 2023, Qatar exported $1.83B to Kuwait. The main products that Qatar exported to Kuwait were Petroleum Gas ($1.72B), Iron Reductions ($55.8M), and Valves ($17.4M). Over the past 5 years the exports of Qatar to Kuwait have increased at an annualized rate of 98.5%, from $59.5M in 2018 to $1.83B in 2023.

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

Kuwait-Qatar Trade: In 2023, Kuwait exported $447M to Qatar. The main products that Kuwait exported to Qatar were Crude Petroleum ($182M), Petroleum Coke ($48.2M), and Electrical Control Boards ($29M). Over the past 5 years the exports of Kuwait to Qatar have increased at an annualized rate of 0.53%, from $436M in 2018 to $447M in 2023.

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

Comparison: In 2023, Qatar ranked 78 in the Economic Complexity Index (ECI -0.33), and 36 in total exports ($118B). 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, Qatar exported $1.83B to Kuwait. The main products exported from Qatar to Kuwait were Petroleum Gas ($1.72B), Iron Reductions ($55.8M), and Valves ($17.4M). During the last 5 years the exports of Qatar to Kuwait have increased at an annualized rate of 98.5%, from $59.5M in 2018 to $1.83B in 2023.

In 2018, Kuwait exported $447M to Qatar. The main products exported from Kuwait to Qatar were Crude Petroleum ($182M), Petroleum Coke ($48.2M), and Electrical Control Boards ($29M). During the last 5 years the exports of Kuwait to Qatar have increased at an annualized rate of 0.53%, from $436M in 2023 to $447M in 2018.

Exports from Qatar () to Kuwait () (2023)

Exports from Kuwait () to Qatar () (2023)

Latest Data

Trade between Qatar () and Kuwait ()

Qatar Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Qatar
Top DestinationChina$20.9B

Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Qatar than Kuwait included South Korea ($12.1B), Italy ($6.41B), and Belgium ($5.29B).

In 2023, countries that imported more from Kuwait than Qatar included Egypt ($2.78B), Ethiopia ($1.33B), and Chinese Taipei ($4.74B).

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

Comparative Advantage Qatar - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Qatar had a large net trade with Kuwait in the exports of Mineral Products ($1.72B), Metals ($63.2M), and Machines ($28.2M).

During 2018, Kuwait had a large net trade with Qatar in the exports of Mineral Products ($233M), Machines ($49.8M), and Chemical Products ($32.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Qatar Kuwait+$4.11MRefined Petroleum

Top Product Potential Kuwait Qatar+$8.42MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Qatar () to Kuwait () (2023)

Exports from Kuwait () to Qatar () (2023)

Latest Data

Trade between Qatar () and Kuwait ()

Qatar Exports

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Qatar - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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