Flag Vietnam / Kuwait Flag

2019
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Exports
: $224M, Rnk 62 / 140

2019
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Top Product
: $70.3M, Broadcasting Equipment

2019
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Exports
: $3.25B, Rnk 6 / 152

2019
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Top Product
: $3.11B, Crude Petroleum

2019
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Economic Complexity (ECI)
: ECI 0.066, Rnk 65 / 146

2019
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Economic Complexity (ECI)
: ECI 0.13, Rnk 63 / 146

2019
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GDP
: $262B, CURRENT US$
Rnk 44 / 187

2009-2019
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GDP GROWTH
: 147%, CURRENT US$
Rnk 13 / 187

2019
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 GDP
: $135B, CURRENT US$
Rnk 57 / 187

2009-2019
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GDP GROWTH
: 27.1%, CURRENT US$
Rnk 132 / 187

2019
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GDP PC 
: $2,715, CURRENT US$
Rnk 134 / 187

2009-2019
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GDP PC GROWTH
: 123%, CURRENT US$
Rnk 10 / 187

2019
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GDP PC
: $32,000, CURRENT US$
Rnk 31 / 187

2009-2019
Flag
GDP PC GROWTH
: -14.8%, CURRENT US$
Rnk 181 / 187

Vietnam-Kuwait In 2019, Vietnam exported $224M to Kuwait. The main products that Vietnam exported to Kuwait are Broadcasting Equipment ($70.3M), Textile Footwear ($18.1M), and Computers ($10.6M). During the last 19 years the exports of Vietnam to Kuwait have increased at an annualized rate of 24.7%, from $3.36M in 2000 to $224M in 2019.

In 2019, Vietnam did not export any services to Kuwait.

Kuwait-Vietnam In 2019, Kuwait exported $3.25B to Vietnam . The main products that Kuwait exported to Vietnam were Crude Petroleum ($3.11B), Ethylene Polymers ($63.3M), and Petroleum Gas ($50.8M). During the last 19 years the exports of Kuwait to Vietnam have increased at an annualized rate of 19.9%, from $103M in 2000 to $3.25B in 2019.

In 2019, Kuwait did not export any services to Vietnam.

Comparison In 2019,  Vietnam ranked 65 in the Economic Complexity Index (ECI 0.066), and 20 in total exports ($280B). That same year, Kuwait ranked 63 in the Economic Complexity Index (ECI 0.13), and 49 in total exports ($59.8B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Vietnam exported $224M to Kuwait. The main products exported from Vietnam to Kuwait were Broadcasting Equipment ($70.3M), Textile Footwear ($18.1M), and Computers ($10.6M). During the last 19 years the exports of Vietnam to Kuwait have increased at an annualized rate of 24.7%, from $3.36M in 2000 to $224M in 2019.

In 2019, Kuwait exported $3.25B to Vietnam. The main products exported from Kuwait to Vietnam were Crude Petroleum ($3.11B), Ethylene Polymers ($63.3M), and Petroleum Gas ($50.8M). During the last 19 years the exports of Kuwait to Vietnam have increased at an annualized rate of 19.9%, from $103M in 2000 to $3.25B in 2019.

Kuwait Exports

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Market Competitiveness

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Measure

Vietnam
Top Destination
: United States, $63.7B

Kuwait
Top Destination
: China, $12.1B

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

In 2019, countries that imported more from Vietnam than Kuwait were United States ($63.7B), China ($40.3B), and Japan ($21.2B).

In 2019, countries that imported more from Kuwait than Vietnam were India ($8.81B), Egypt ($1.7B), and Pakistan ($887M).

Comparative Advantage Vietnam - Kuwait

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Depth

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

During 2019, Vietnam had a large net trade with Kuwait in the exports of Machines ($100M), Footwear and Headwear ($25.3M), and Textiles ($24.5M).

During 2019, Kuwait had a large net trade with Vietnam in the exports of Mineral Products ($3.16B), Plastics and Rubbers ($78.5M), and Chemical Products ($5.11M).

Tariff Section

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This section shows import tariffs for products traded between Vietnam and Kuwait (using the HS6 product classification and the last year reported).

In 2018, the products from Vietnam that paid the highest import tariffs to enter Kuwait were Cigarettes containing tobacco (135%) and Cigars, cheroots, cigarettes, with tobacco substitute (135%).

In 2018, the products from Kuwait that paid the highest import tariffs to enter Vietnam were Tobacco, unmanufactured, not stemmed or stripped (100%) and Tobacco, unmanufactured, stemmed or stripped (100%).

*The tariffs present between Vietnam and Kuwait are:
136: Most Favoured Nation duty rate treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Vietnam has comparative advantage over Kuwait. Similarly, the more red a dot/product is, the more Kuwait has comparative advantage over Vietnam.