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Pricing

2022
Flag → Flag
Exports $4.72BRnk 48 / 219
2022
Flag → Flag
Exports $2.33BRnk 11 / 156
2022
Flag → Flag
Top Product $893MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133

About

United States-Kuwait Trade: In 2022, United States exported $4.72B to Kuwait. The main products that United States exported to Kuwait were N/A. Over the past 5 years the exports of United States to Kuwait have increased at an annualized rate of 4.37%, from $3.81B in 2017 to $4.72B in 2022.

In 2022, United States did not export any services to Kuwait.

Kuwait-United States Trade: In 2022, Kuwait exported $2.33B to United States. The main products that Kuwait exported to United States were Crude Petroleum ($893M), Refined Petroleum ($771M), and Sulfonated, Nitrated or Nitrosated Hydrocarbons ($442M). Over the past 5 years the exports of Kuwait to United States have decreased at an annualized rate of 4.67%,  from $2.95B in 2017 to $2.33B in 2022.

In 2022, Kuwait did not export any services to United States.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). 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, United States exported $4.72B to Kuwait. There were not main exports from United States to Kuwait in 2022. During the last 5 years the exports of United States to Kuwait have increased at an annualized rate of 3,05%, from $16M in 2017 to $4.72B in 2022.

In 2017, Kuwait exported $2.33B to United States. The main products exported from Kuwait to United States were Crude Petroleum ($893M), Refined Petroleum ($771M), and Sulfonated, Nitrated or Nitrosated Hydrocarbons ($442M). During the last 5 years the exports of Kuwait to United States have decreased at an annualized rate of 4.67%, from $2.95B in 2022 to $2.33B in 2017.

Latest Data

United States Exports

Kuwait Exports

Comparative Advantage United States - Kuwait

Flow
Scale

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

During 2022, United States had a large net trade with Kuwait in the exports of N/A.

During 2017, Kuwait had a large net trade with United States in the exports of N/A.

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Kuwait+$30.6MPackaged Medicaments
Top Product Potential Kuwait United States+$1.01BCrude 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 United States and Kuwait. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Kuwait (Flag) (2022)

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