2022
Flag  
GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP
$185BCURRENT US$
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2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
GDP PC 
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
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2022
Flag
GDP PC
$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH
-15.7%CURRENT US$
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About

Singapore-Kuwait Trade: In 2022, Singapore exported $187M to Kuwait. The main products that Singapore exported to Kuwait were Excavation Machinery ($42.5M), Valves ($40M), and Vaccines, blood, antisera, toxins and cultures ($30.8M). Over the past 5 years the exports of Singapore to Kuwait have increased at an annualized rate of 21.6%, from $70.5M in 2017 to $187M in 2022.

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

Kuwait-Singapore Trade: In 2022, Kuwait exported $2.99B to Singapore. The main products that Kuwait exported to Singapore were Refined Petroleum ($367M), Engine Parts ($20.5M), and Crude Petroleum ($10.8M). Over the past 5 years the exports of Kuwait to Singapore have increased at an annualized rate of 23.9%,  from $1.02B in 2017 to $2.99B in 2022.

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

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). 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
Value

In 2022, Singapore exported $187M 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 5 years the exports of Singapore to Kuwait have increased at an annualized rate of 21.6%, from $70.5M in 2017 to $187M in 2022.

In 2017, Kuwait exported $2.99B 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 22 years the exports of Kuwait to Singapore have increased at an annualized rate of 23.9%, from $1.02B in 1995 to $2.99B in 2017.

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 2022, countries that imported more from Singapore than Kuwait included Hong Kong ($51.6B), Malaysia ($35.9B), and China ($51.2B).

In 2022, countries that imported more from Kuwait than Singapore included 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 2017, Kuwait had a large net trade with Singapore in the exports of Mineral Products ($378M), Machines ($23.1M), and Plastics and Rubbers ($8.96M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Kuwait+$6.84MPackaged Medicaments
Top Product Potential Kuwait Singapore+$250MRefined 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

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

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

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