2023
Flag  
GDP
$885BCURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 125 / 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 
$99,565CURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP PC GROWTH
14%CURRENT US$
Rnk 122 / 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

Switzerland-Kuwait Trade: In 2023, Switzerland exported $973M to Kuwait. The main products that Switzerland exported to Kuwait were Gold ($301M), Base Metal Watches ($182M), and Vaccines, blood, antisera, toxins and cultures ($121M). Over the past 5 years the exports of Switzerland to Kuwait have increased at an annualized rate of 11.8%, from $557M in 2018 to $973M in 2023.

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

Kuwait-Switzerland Trade: In 2023, Kuwait exported $21.6M to Switzerland. The main products that Kuwait exported to Switzerland were Jewellery ($13.9M), Precious Metal Watches ($1.8M), and Pens ($1.4M). Over the past 5 years the exports of Kuwait to Switzerland have decreased at an annualized rate of 2.64%,  from $24.7M in 2018 to $21.6M in 2023.

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

Comparison: In 2023,  Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). That same year, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Historical Data

Latest Data

Trade between Switzerland (Flag) and Kuwait (Flag)

Switzerland Exports

Kuwait Exports

Market Competitiveness

Color
Switzerland
Top Destination
Germany$53.8B
Kuwait
Top Destination
China$17.4B

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

In 2023, countries that imported more from Switzerland than Kuwait included Germany ($53.8B), United States ($45.1B), and China ($47.7B).

In 2023, countries that imported more from Kuwait than Switzerland included Chinese Taipei ($4.74B), Pakistan ($2.13B), and Oman ($1.74B).

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Switzerland Kuwait+$30MPackaged Medicaments
Top Product Potential Kuwait Switzerland+$4.11MJewellery

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

Product Space of Switzerland (Flag) and Kuwait (Flag) (NaN)

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