2023
Flag  
GDP
$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH
16%CURRENT US$
Rnk 150 / 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 
$53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH
1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC
$33,730CURRENT US$
Rnk 39 / 196
2013-2023
Flag
GDP PC GROWTH
-32.1%CURRENT US$
Rnk 187 / 195

About

Canada-Kuwait Trade: In 2023, Canada exported $209M to Kuwait. The main products that Canada exported to Kuwait were Cars ($44.9M), Wheat ($30.1M), and Excavation Machinery ($27.3M). Over the past 5 years the exports of Canada to Kuwait have decreased at an annualized rate of 2.77%, from $241M in 2018 to $209M in 2023.

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

Kuwait-Canada Trade: In 2023, Kuwait exported $311M to Canada. The main products that Kuwait exported to Canada were Refined Petroleum ($306M), Reaction and Catalytic Products ($2.25M), and Blank Audio Media ($495k). Over the past 5 years the exports of Kuwait to Canada have increased at an annualized rate of 58.7%,  from $31M in 2018 to $311M in 2023.

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

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). 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, Canada exported $209M to Kuwait. The main products exported from Canada to Kuwait were Cars ($44.9M), Wheat ($30.1M), and Excavation Machinery ($27.3M). During the last 5 years the exports of Canada to Kuwait have decreased at an annualized rate of 2.77%, from $241M in 2018 to $209M in 2023.

In 2018, Kuwait exported $311M to Canada. The main products exported from Kuwait to Canada were Refined Petroleum ($306M), Reaction and Catalytic Products ($2.25M), and Blank Audio Media ($495k). During the last 5 years the exports of Kuwait to Canada have increased at an annualized rate of 58.7%, from $31M in 2023 to $311M in 2018.

Exports from Canada (Flag) to Kuwait (Flag) (2023)

Exports from Kuwait (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top Destination
United States$410B
Kuwait
Top Destination
China$17.4B

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

In 2023, countries that imported more from Canada than Kuwait included United States ($410B), United Kingdom ($18B), and China ($31.1B).

In 2023, countries that imported more from Kuwait than Canada included Chinese Taipei ($4.74B), India ($9.51B), and Egypt ($2.78B).

Difference in imports from Kuwait (Flag) and Canada (Flag) (2023)

Comparative Advantage Canada - Kuwait

Flow
Scale

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

During 2023, Canada had a large net trade with Kuwait in the exports of Machines ($55.7M), Transportation ($49.3M), and Vegetable Products ($31M).

During 2018, Kuwait had a large net trade with Canada in the exports of Mineral Products ($306M), Chemical Products ($2.28M), and Machines ($758k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Kuwait+$12.8MCars
Top Product Potential Kuwait Canada+$92.8MRefined Petroleum

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

Product Space of Canada (Flag) and Kuwait (Flag) (2023)

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