Armenia (ARM) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Armenia-Kuwait Trade: In 2023, Armenia exported $2.3M to Kuwait. The main products that Armenia exported to Kuwait were Sheep and Goats ($1.24M), Non-Knit Women's Suits ($487k), and Non-Knit Women's Coats ($246k). Over the past 5 years the exports of Armenia to Kuwait have increased at an annualized rate of 41.9%, from $399k in 2018 to $2.3M in 2023.

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

Kuwait-Armenia Trade: In 2023, Kuwait exported $81.2k to Armenia. The main products that Kuwait exported to Armenia were Cars ($78.1k), Flavored Water ($1.13k), and Other Rubber Products ($638). Over the past 5 years the exports of Kuwait to Armenia have decreased at an annualized rate of 23.9%, from $420k in 2018 to $81.2k in 2023.

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

Comparison: In 2023, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). 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, Armenia exported $2.3M to Kuwait. The main products exported from Armenia to Kuwait were Sheep and Goats ($1.24M), Non-Knit Women's Suits ($487k), and Non-Knit Women's Coats ($246k). During the last 5 years the exports of Armenia to Kuwait have increased at an annualized rate of 41.9%, from $399k in 2018 to $2.3M in 2023.

In 2018, Kuwait exported $81.2k to Armenia. The main products exported from Kuwait to Armenia were Cars ($78.1k), Flavored Water ($1.13k), and Other Rubber Products ($638). During the last 5 years the exports of Kuwait to Armenia have decreased at an annualized rate of 23.9%, from $420k in 2023 to $81.2k in 2018.

Exports from Armenia () to Kuwait () (2023)

Exports from Kuwait () to Armenia () (2023)

Latest Data

Trade between Armenia () and Kuwait ()

Armenia Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Armenia than Kuwait included Russia ($3.38B), Hong Kong ($669M), and Georgia ($340M).

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

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

Comparative Advantage Armenia - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with Kuwait in the exports of Animal Products ($1.24M), Textiles ($947k), and Foodstuffs ($61k).

During 2018, Kuwait had a large net trade with Armenia in the exports of Transportation ($78.7k), Foodstuffs ($1.13k), and Plastics and Rubbers ($671).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Kuwait+$254kNon-Knit Women's Suits

Top Product Potential Kuwait Armenia+$219kCars

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 Armenia and Kuwait. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Kuwait () (2023)

Exports from Kuwait () to Armenia () (2023)

Latest Data

Trade between Armenia () and Kuwait ()

Armenia Exports

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Armenia - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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