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2023
Flag → Flag
Exports $3.99BRnk 19 / 216
2023
Flag → Flag
Top Product $759MJewellery
2023
Flag → Flag
Exports $2.87BRnk 6 / 159
2023
Flag → Flag
Top Product $1.84BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
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Economic Complexity (ECI) ECI 0.21Rnk 53 / 132
2023
Flag  
GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
Flag
 GDP$164BCURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP GROWTH-6.01%CURRENT US$
Rnk 178 / 195
2023
Flag
GDP PC $49,041CURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195
2023
Flag
GDP PC$33,730CURRENT US$
Rnk 39 / 196
2013-2023
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GDP PC GROWTH-32.1%CURRENT US$
Rnk 187 / 195

About

United Arab Emirates-Kuwait Trade: In 2023, United Arab Emirates exported $3.99B to Kuwait. The main products that United Arab Emirates exported to Kuwait were Jewellery ($759M), Gold ($529M), and Gravel and Crushed Stone ($187M). Over the past 5 years the exports of United Arab Emirates to Kuwait have increased at an annualized rate of 2.17%, from $3.58B in 2018 to $3.99B in 2023.

In 2023, United Arab Emirates did not export any services to Kuwait.

Kuwait-United Arab Emirates Trade: In 2023, Kuwait exported $2.87B to United Arab Emirates. The main products that Kuwait exported to United Arab Emirates were Refined Petroleum ($1.84B), Jewellery ($188M), and Gold ($145M). Over the past 5 years the exports of Kuwait to United Arab Emirates have increased at an annualized rate of 1.31%,  from $2.69B in 2018 to $2.87B in 2023.

In 2023, Kuwait did not export any services to United Arab Emirates.

Comparison: In 2023,  United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B). 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, United Arab Emirates exported $3.99B to Kuwait. The main products exported from United Arab Emirates to Kuwait were Jewellery ($759M), Gold ($529M), and Gravel and Crushed Stone ($187M). During the last 5 years the exports of United Arab Emirates to Kuwait have increased at an annualized rate of 2.17%, from $3.58B in 2018 to $3.99B in 2023.

In 2018, Kuwait exported $2.87B to United Arab Emirates. The main products exported from Kuwait to United Arab Emirates were Refined Petroleum ($1.84B), Jewellery ($188M), and Gold ($145M). During the last 5 years the exports of Kuwait to United Arab Emirates have increased at an annualized rate of 1.31%, from $2.69B in 2023 to $2.87B in 2018.

Exports from United Arab Emirates (Flag) to Kuwait (Flag) (2023)

Exports from Kuwait (Flag) to United Arab Emirates (Flag) (2023)

Latest Data

Trade between United Arab Emirates (Flag) and Kuwait (Flag)

United Arab Emirates Exports

Kuwait Exports

Market Competitiveness

Color
United Arab Emirates
Top DestinationChina$40.2B
Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from United Arab Emirates than Kuwait included India ($38.2B), Japan ($37.4B), and China ($40.2B).

In 2023, countries that imported more from Kuwait than United Arab Emirates included Chinese Taipei ($4.74B), Ethiopia ($1.33B), and Iceland ($234M).

Difference in imports from Kuwait (Flag) and United Arab Emirates (Flag) (2023)

Comparative Advantage United Arab Emirates - Kuwait

Flow
Scale

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

During 2023, United Arab Emirates had a large net trade with Kuwait in the exports of Precious Metals ($1.3B), Metals ($490M), and Chemical Products ($424M).

During 2018, Kuwait had a large net trade with United Arab Emirates in the exports of Mineral Products ($1.94B), Precious Metals ($367M), and Transportation ($219M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Arab Emirates Kuwait+$32.3MCars
Top Product Potential Kuwait United Arab Emirates+$14.7MEthylene Polymers

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 Arab Emirates and Kuwait. This means that a dot/product with the flag of United Arab Emirates 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 Arab Emirates.

Product Space of United Arab Emirates (Flag) and Kuwait (Flag) (2023)

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