2023
Flag
 GDP
$164BCURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP GROWTH
-6.01%CURRENT US$
Rnk 178 / 195
2023
Flag
GDP PC
$33,730CURRENT US$
Rnk 39 / 196
2013-2023
Flag
GDP PC GROWTH
-32.1%CURRENT US$
Rnk 187 / 195

About

Chinese Taipei-Kuwait Trade: In 2023, Chinese Taipei exported $218M to Kuwait. The main products that Chinese Taipei exported to Kuwait were Cars ($78.1M), Motor vehicles; parts and accessories (8701 to 8705) ($18.4M), and Broadcasting Equipment ($7.33M). Over the past 5 years the exports of Chinese Taipei to Kuwait have increased at an annualized rate of 1.41%, from $203M in 2018 to $218M in 2023.

In 2023, Chinese Taipei did not export any services to Kuwait.

Kuwait-Chinese Taipei Trade: In 2023, Kuwait exported $4.74B to Chinese Taipei. The main products that Kuwait exported to Chinese Taipei were Crude Petroleum ($4.38B), Refined Petroleum ($228M), and Cyclic Hydrocarbons ($41M). Over the past 5 years the exports of Kuwait to Chinese Taipei have decreased at an annualized rate of 1.78%,  from $5.18B in 2018 to $4.74B in 2023.

In 2023, Kuwait did not export any services to Chinese Taipei.

Comparison: In 2023,  Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B). 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
Value

In 2023, Chinese Taipei exported $218M to Kuwait. The main products exported from Chinese Taipei to Kuwait were Cars ($78.1M), Motor vehicles; parts and accessories (8701 to 8705) ($18.4M), and Broadcasting Equipment ($7.33M). During the last 5 years the exports of Chinese Taipei to Kuwait have increased at an annualized rate of 1.41%, from $203M in 2018 to $218M in 2023.

In 2018, Kuwait exported $4.74B to Chinese Taipei. The main products exported from Kuwait to Chinese Taipei were Crude Petroleum ($4.38B), Refined Petroleum ($228M), and Cyclic Hydrocarbons ($41M). During the last 5 years the exports of Kuwait to Chinese Taipei have decreased at an annualized rate of 1.78%, from $5.18B in 2023 to $4.74B in 2018.

Exports from Chinese Taipei (Flag) to Kuwait (Flag) (2023)

Exports from Kuwait (Flag) to Chinese Taipei (Flag) (2023)

Market Competitiveness

Color
Chinese Taipei
Top Destination
China$101B
Kuwait
Top Destination
China$17.4B

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

In 2023, countries that imported more from Chinese Taipei than Kuwait included United States ($85.6B), China ($101B), and Hong Kong ($66.1B).

In 2023, countries that imported more from Kuwait than Chinese Taipei included Egypt ($2.78B), Pakistan ($2.13B), and Oman ($1.74B).

Difference in imports from Kuwait (Flag) and Chinese Taipei (Flag) (2023)

Comparative Advantage Chinese Taipei - Kuwait

Flow
Scale

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

During 2023, Chinese Taipei had a large net trade with Kuwait in the exports of Transportation ($99.2M), Machines ($43.7M), and Metals ($21.1M).

During 2018, Kuwait had a large net trade with Chinese Taipei in the exports of Mineral Products ($4.64B), Chemical Products ($88.5M), and Plastics and Rubbers ($12.4M).

Economic Complexity

Competitive Landscape

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

Product Space of Chinese Taipei (Flag) and Kuwait (Flag) (2023)

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