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2023
Flag → Flag
Exports $59.6MRnk 86 / 137
2023
Flag → Flag
Top Product $34.1MBarley
2023
Flag → Flag
Exports $1.03MRnk 93 / 159
2023
Flag → Flag
Top Product $375kFerroalloys
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
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Economic Complexity (ECI) ECI 0.21Rnk 53 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$164BCURRENT US$
Rnk 58 / 195
2013-2023
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GDP GROWTH-6.01%CURRENT US$
Rnk 178 / 195
2023
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GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC$33,730CURRENT US$
Rnk 39 / 196
2013-2023
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GDP PC GROWTH-32.1%CURRENT US$
Rnk 187 / 195

About

Russia-Kuwait Trade: In 2023, Russia exported $59.6M to Kuwait. The main products that Russia exported to Kuwait were Barley ($34.1M), Iron Pipes ($4.13M), and Liquid Pumps ($3.04M). Over the past 5 years the exports of Russia to Kuwait have decreased at an annualized rate of 34.5%, from $493M in 2018 to $59.6M in 2023.

In 2020, Russia exported services to Kuwait worth $19.7M, with Other business services ($16.4M), Computer and information services ($1.67M), and Communications services ($1.03M) being the largest in terms of value.

Kuwait-Russia Trade: In 2023, Kuwait exported $1.03M to Russia. The main products that Kuwait exported to Russia were Ferroalloys ($375k), Beauty Products ($237k), and Other Hand Tools ($96.6k). Over the past 5 years the exports of Kuwait to Russia have decreased at an annualized rate of 30.3%,  from $6.26M in 2018 to $1.03M in 2023.

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

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Latest Trends

N/A

About

Overview In N/A, Russia exported $N/A and imported $N/A from Kuwait, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Russia have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of Russia to Kuwait were Copper Wire ($44.1M), Refined Copper ($9.86M), Prepr binder for foundry ($117k), Uncoated Paper ($97.1k), and Chocolate ($65.3k). In N/A the top imports of Russia from Kuwait were .

Origins In N/A the exports of Russia were mainly from CHELYABINSK REGION ($50.6M), MOSCOW REGION ($777k), LENINGRAD REGION ($348k), TYUMEN REGION ($281k), and NOVGOROD REGION ($158k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($515k).

Growth In N/A, the N/A in Russia's year-by-year exports to Kuwait was explained primarily by an decrease in product exports in Refined Copper ($-17.3M or -63.7%), Copper Wire ($-2.21M or -4.77%), and Kraft Paper ($-594k or -93.8%). In N/A, the N/A in Russia's year-by-year imports  from Kuwait was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
MAIN EXPORTER (N/A)CHELYABINSK REGION$50.6M

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

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

For full datasets download visit Bulk Download page.

Explore Kuwait and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $59.6M to Kuwait. The main products exported from Russia to Kuwait were Barley ($34.1M), Iron Pipes ($4.13M), and Liquid Pumps ($3.04M). During the last 5 years the exports of Russia to Kuwait have decreased at an annualized rate of 34.5%, from $493M in 2018 to $59.6M in 2023.

In 2018, Kuwait exported $1.03M to Russia. The main products exported from Kuwait to Russia were Ferroalloys ($375k), Beauty Products ($237k), and Other Hand Tools ($96.6k). During the last 5 years the exports of Kuwait to Russia have decreased at an annualized rate of 30.3%, from $6.26M in 2023 to $1.03M in 2018.

Exports from Russia (Flag) to Kuwait (Flag) (2023)

Exports from Kuwait (Flag) to Russia (Flag) (2023)

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Russia than Kuwait included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Kuwait than Russia included United Kingdom ($3.31B), Japan ($9.13B), and Ethiopia ($1.33B).

Difference in imports from Kuwait (Flag) and Russia (Flag) (2023)

Comparative Advantage Russia - Kuwait

Flow
Scale

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

During 2023, Russia had a large net trade with Kuwait in the exports of Vegetable Products ($35.6M), Machines ($6.83M), and Metals ($6.2M).

During 2018, Kuwait had a large net trade with Russia in the exports of Metals ($472k), Chemical Products ($254k), and Transportation ($135k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Kuwait+$4.06MRefined Petroleum
Top Product Potential Kuwait Russia+$1.32MTelephones

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

This visualization shows the product space at the HS4 level with the flags of Russia and Kuwait. This means that a dot/product with the flag of Russia indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Russia.

Product Space of Russia (Flag) and Kuwait (Flag) (2023)

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