Argentina (ARG) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Argentina-Kuwait Trade: In 2023, Argentina exported $55.4M to Kuwait. The main products that Argentina exported to Kuwait were Corn ($42.4M), Iron Pipes ($6.75M), and Sheep and Goat Meat ($887k). Over the past 5 years the exports of Argentina to Kuwait have decreased at an annualized rate of 15.3%, from $127M in 2018 to $55.4M in 2023.

In 2023, Argentina did not export any services to Kuwait.

Kuwait-Argentina Trade: In 2023, Kuwait exported $12.8M to Argentina. The main products that Kuwait exported to Argentina were Refined Petroleum ($12.7M), Other Engines ($25.1k), and Industrial Fatty Acids, Oils and Alcohols ($24.1k). Over the past 5 years the exports of Kuwait to Argentina have increased at an annualized rate of 3.05%, from $11M in 2018 to $12.8M in 2023.

In 2023, Kuwait did not export any services to Argentina.

Comparison: In 2023, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Argentina exported $55.4M to Kuwait. The main products exported from Argentina to Kuwait were Corn ($42.4M), Iron Pipes ($6.75M), and Sheep and Goat Meat ($887k). During the last 5 years the exports of Argentina to Kuwait have decreased at an annualized rate of 15.3%, from $127M in 2018 to $55.4M in 2023.

In 2018, Kuwait exported $12.8M to Argentina. The main products exported from Kuwait to Argentina were Refined Petroleum ($12.7M), Other Engines ($25.1k), and Industrial Fatty Acids, Oils and Alcohols ($24.1k). During the last 5 years the exports of Kuwait to Argentina have increased at an annualized rate of 3.05%, from $11M in 2023 to $12.8M in 2018.

Exports from Argentina () to Kuwait () (2023)

Exports from Kuwait () to Argentina () (2023)

Latest Data

Trade between Argentina () and Kuwait ()

Argentina Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Argentina
Top DestinationBrazil$12.1B

Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Argentina than Kuwait included Brazil ($12.1B), Chile ($5.57B), and United States ($6.27B).

In 2023, countries that imported more from Kuwait than Argentina included China ($17.4B), Japan ($9.13B), and India ($9.51B).

Difference in imports from Kuwait () and Argentina () (2023)

Comparative Advantage Argentina - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Argentina had a large net trade with Kuwait in the exports of Vegetable Products ($44M), Metals ($6.88M), and Animal Products ($1.32M).

During 2018, Kuwait had a large net trade with Argentina in the exports of Mineral Products ($12.7M), Machines ($44.6k), and Chemical Products ($32k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Argentina Kuwait+$2.32MSoybean Meal

Top Product Potential Kuwait Argentina+$86.3kCentrifuges

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Argentina () to Kuwait () (2023)

Exports from Kuwait () to Argentina () (2023)

Latest Data

Trade between Argentina () and Kuwait ()

Argentina Exports

Kuwait Exports

Market Competitiveness

Difference in imports from Kuwait () and Argentina () (2023)

Comparative Advantage Argentina - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Argentina () and Kuwait () (2023)

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