2022
Flag  
GDP
$467BCURRENT US$
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2012-2022
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GDP GROWTH
58.2%CURRENT US$
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2022
Flag
 GDP
$185BCURRENT US$
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2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
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2022
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GDP PC 
$82,808CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
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2022
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GDP PC
$43,233CURRENT US$
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2012-2022
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GDP PC GROWTH
-15.7%CURRENT US$
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About

Singapore-Kuwait In 2022, Singapore exported $349M to Kuwait. The main products that Singapore exported to Kuwait are Excavation Machinery ($42.5M), Valves ($40M), and Vaccines, blood, antisera, toxins and cultures ($30.8M). During the last 27 years the exports of Singapore to Kuwait have increased at an annualized rate of 6.1%, from $70.5M in 1995 to $349M in 2022.

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

Kuwait-Singapore In 2022, Kuwait exported $427M to Singapore. The main products that Kuwait exported to Singapore were Refined Petroleum ($367M), Engine Parts ($20.5M), and Crude Petroleum ($10.8M). During the last 27 years the exports of Kuwait to Singapore have decreased at an annualized rate of 3.18%, from $1.02B in 1995 to $427M in 2022.

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

Comparison In 2022,  Singapore ranked 5 in the Economic Complexity Index (ECI 1.53), and 21 in total exports ($379B). That same year, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.16), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $349M to Kuwait. The main products exported from Singapore to Kuwait were Excavation Machinery ($42.5M), Valves ($40M), and Vaccines, blood, antisera, toxins and cultures ($30.8M). During the last 27 years the exports of Singapore to Kuwait have increased at an annualized rate of 6.1%, from $70.5M in 1995 to $349M in 2022.

In 2022, Kuwait exported $427M to Singapore. The main products exported from Kuwait to Singapore were Refined Petroleum ($367M), Engine Parts ($20.5M), and Crude Petroleum ($10.8M). During the last 27 years the exports of Kuwait to Singapore have decreased at an annualized rate of 3.18%, from $1.02B in 1995 to $427M in 2022.

Exports from Singapore (Flag) to Kuwait (Flag) (2022)

Exports from Kuwait (Flag) to Singapore (Flag) (2022)

Latest Data

Trade between Singapore (Flag) and Kuwait (Flag)

Singapore Exports

Kuwait Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
Kuwait
Top Destination
China$24.3B

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

In 2021, countries that imported more from Singapore than Kuwait were Hong Kong ($51.6B), Malaysia ($35.9B), and China ($51.2B).

In 2021, countries that imported more from Kuwait than Singapore were Pakistan ($3.97B), Egypt ($2.84B), and Saudi Arabia ($2.75B).

Difference in imports from Kuwait (Flag) and Singapore (Flag) (2022)

Comparative Advantage Singapore - Kuwait

Flow
Scale

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

During 2022, Singapore had a large net trade with Kuwait in the exports of Machines ($170M), Foodstuffs ($48.2M), and Instruments ($48M).

During 2022, Kuwait had a large net trade with Singapore in the exports of Mineral Products ($378M), Machines ($23.1M), and Plastics and Rubbers ($8.96M).

Economic Complexity

Competitive Landscape

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

Product Space of Singapore (Flag) and Kuwait (Flag) (2022)

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