Thailand (THA) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Thailand-Kuwait Trade: In 2023, Thailand exported $579M to Kuwait. The main products that Thailand exported to Kuwait were Delivery Trucks ($115M), Cars ($101M), and Wood Fiberboard ($33.4M). Over the past 5 years the exports of Thailand to Kuwait have increased at an annualized rate of 7.46%, from $404M in 2018 to $579M in 2023.

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

Kuwait-Thailand Trade: In 2023, Kuwait exported $614M to Thailand. The main products that Kuwait exported to Thailand were Refined Petroleum ($445M), Petroleum Gas ($155M), and Ethylene Polymers ($10.1M). Over the past 5 years the exports of Kuwait to Thailand have decreased at an annualized rate of 8.07%, from $935M in 2018 to $614M in 2023.

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

Comparison: In 2023, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). 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, Thailand exported $579M to Kuwait. The main products exported from Thailand to Kuwait were Delivery Trucks ($115M), Cars ($101M), and Wood Fiberboard ($33.4M). During the last 5 years the exports of Thailand to Kuwait have increased at an annualized rate of 7.46%, from $404M in 2018 to $579M in 2023.

In 2018, Kuwait exported $614M to Thailand. The main products exported from Kuwait to Thailand were Refined Petroleum ($445M), Petroleum Gas ($155M), and Ethylene Polymers ($10.1M). During the last 5 years the exports of Kuwait to Thailand have decreased at an annualized rate of 8.07%, from $935M in 2023 to $614M in 2018.

Exports from Thailand () to Kuwait () (2023)

Exports from Kuwait () to Thailand () (2023)

Latest Data

Trade between Thailand () and Kuwait ()

Thailand Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$58.5B

Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Thailand than Kuwait included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

In 2023, countries that imported more from Kuwait than Thailand included Egypt ($2.78B), Ethiopia ($1.33B), and Pakistan ($2.13B).

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

Comparative Advantage Thailand - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Thailand had a large net trade with Kuwait in the exports of Transportation ($234M), Machines ($76M), and Foodstuffs ($59.9M).

During 2018, Kuwait had a large net trade with Thailand in the exports of Mineral Products ($600M), Plastics and Rubbers ($10.1M), and Metals ($2.02M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Kuwait+$38.3MCars

Top Product Potential Kuwait Thailand+$286MCrude 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 Thailand and Kuwait. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Thailand.

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Kuwait () (2023)

Exports from Kuwait () to Thailand () (2023)

Latest Data

Trade between Thailand () and Kuwait ()

Thailand Exports

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Thailand - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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