2021
Flag  
GDP
$366BCURRENT US$
Rnk 40 / 204
2011-2021
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GDP GROWTH
112%CURRENT US$
Rnk 13 / 204
2021
Flag
 GDP
$137BCURRENT US$
Rnk 59 / 204
2011-2021
Flag
GDP GROWTH
-11.2%CURRENT US$
Rnk 188 / 204
2021
Flag
GDP PC 
$3,756CURRENT US$
Rnk 140 / 204
2011-2021
Flag
GDP PC GROWTH
92.3%CURRENT US$
Rnk 7 / 204
2021
Flag
GDP PC
$32,187CURRENT US$
Rnk 42 / 204
2011-2021
Flag
GDP PC GROWTH
-34.3%CURRENT US$
Rnk 196 / 204

About

Vietnam-Kuwait In 2021, Vietnam exported $222M to Kuwait. The main products that Vietnam exported to Kuwait are Broadcasting Equipment ($44.3M), Textile Footwear ($19M), and Microphones and Headphones ($11.3M). During the last 21 years the exports of Vietnam to Kuwait have increased at an annualized rate of 21.6%, from $3.67M in 2000 to $222M in 2021.

In 2021, Vietnam did not export any services to Kuwait.

Kuwait-Vietnam In 2021, Kuwait exported $4.1B to Vietnam. The main products that Kuwait exported to Vietnam were Crude Petroleum ($3.94B), Petroleum Gas ($100M), and Ethylene Polymers ($57.4M). During the last 21 years the exports of Kuwait to Vietnam have increased at an annualized rate of 16.1%, from $179M in 2000 to $4.1B in 2021.

In 2021, Kuwait did not export any services to Vietnam.

Comparison In 2021,  Vietnam ranked 58 in the Economic Complexity Index (ECI 0.1), and 18 in total exports ($356B). That same year, Kuwait ranked 48 in the Economic Complexity Index (ECI 0.34), and 51 in total exports ($58.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Vietnam exported $222M to Kuwait. The main products exported from Vietnam to Kuwait were Broadcasting Equipment ($44.3M), Textile Footwear ($19M), and Microphones and Headphones ($11.3M). During the last 21 years the exports of Vietnam to Kuwait have increased at an annualized rate of 21.6%, from $3.67M in 2000 to $222M in 2021.

In 2021, Kuwait exported $4.1B to Vietnam. The main products exported from Kuwait to Vietnam were Crude Petroleum ($3.94B), Petroleum Gas ($100M), and Ethylene Polymers ($57.4M). During the last 21 years the exports of Kuwait to Vietnam have increased at an annualized rate of 16.1%, from $179M in 2000 to $4.1B in 2021.

Exports from Vietnam (Flag) to Kuwait (Flag) (2021)

Exports from Kuwait (Flag) to Vietnam (Flag) (2021)

Latest Data

Trade between Vietnam (Flag) and Kuwait (Flag)

Kuwait Exports

Market Competitiveness

Color
Vietnam
Top Destination
United States$99.3B
Kuwait
Top Destination
China$16B

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 2021, countries that imported more from Vietnam than Kuwait were United States ($99.3B), China ($57.8B), and Japan ($21.3B).

In 2021, countries that imported more from Kuwait than Vietnam were India ($8.72B), Pakistan ($1.65B), and Ethiopia ($460M).

Difference in imports from Kuwait (Flag) and Vietnam (Flag) (2021)

Comparative Advantage Vietnam - Kuwait

Flow
Scale

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

During 2021, Vietnam had a large net trade with Kuwait in the exports of Machines ($90.6M), Textiles ($27.3M), and Footwear and Headwear ($26.8M).

During 2021, Kuwait had a large net trade with Vietnam in the exports of Mineral Products ($4.04B), Plastics and Rubbers ($57.8M), and Chemical Products ($1.49M).

Economic Complexity

Competitive Landscape

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

Product Space of Vietnam (Flag) and Kuwait (Flag) (2021)

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