Bangladesh (BGD) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Bangladesh-Kuwait Trade: In 2023, Bangladesh exported $135M to Kuwait. The main products that Bangladesh exported to Kuwait were Knit T-shirts ($23.6M), Non-Knit Men's Suits ($11.6M), and Knit Sweaters ($11.3M). Over the past 5 years the exports of Bangladesh to Kuwait have increased at an annualized rate of 10.7%, from $81.3M in 2018 to $135M in 2023.

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

Kuwait-Bangladesh Trade: In 2023, Kuwait exported $2.84M to Bangladesh. The main products that Kuwait exported to Bangladesh were Gold ($2.14M), Animal Food ($298k), and Ethylene Polymers ($214k). Over the past 5 years the exports of Kuwait to Bangladesh have decreased at an annualized rate of 14.5%, from $6.23M in 2018 to $2.84M in 2023.

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

Comparison: In 2023, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). 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, Bangladesh exported $135M to Kuwait. The main products exported from Bangladesh to Kuwait were Knit T-shirts ($23.6M), Non-Knit Men's Suits ($11.6M), and Knit Sweaters ($11.3M). During the last 5 years the exports of Bangladesh to Kuwait have increased at an annualized rate of 10.7%, from $81.3M in 2018 to $135M in 2023.

In 2018, Kuwait exported $2.84M to Bangladesh. The main products exported from Kuwait to Bangladesh were Gold ($2.14M), Animal Food ($298k), and Ethylene Polymers ($214k). During the last 5 years the exports of Kuwait to Bangladesh have decreased at an annualized rate of 14.5%, from $6.23M in 2023 to $2.84M in 2018.

Exports from Bangladesh () to Kuwait () (2023)

Exports from Kuwait () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Kuwait ()

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Bangladesh than Kuwait included Germany ($8.28B), United States ($8.58B), and Spain ($3.95B).

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

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

Comparative Advantage Bangladesh - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Kuwait in the exports of Textiles ($110M), Vegetable Products ($7.64M), and Animal Products ($4.31M).

During 2018, Kuwait had a large net trade with Bangladesh in the exports of Precious Metals ($2.14M), Foodstuffs ($298k), and Plastics and Rubbers ($214k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Kuwait+$21.4MKnit T-shirts

Top Product Potential Kuwait Bangladesh+$3.28MEthylene 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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Kuwait () (2023)

Exports from Kuwait () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Kuwait ()

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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