Switzerland (CHE) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Switzerland-Kuwait Trade: In 2022, Switzerland exported $1.36B to Kuwait. The main products that Switzerland exported to Kuwait were Gold ($599M), Base Metal Watches ($164M), and Flavored Water ($120M). Over the past 5 years the exports of Switzerland to Kuwait have increased at an annualized rate of 19.8%, from $553M in 2017 to $1.36B in 2022.

In 2022, Switzerland did not export any services to Kuwait.

Kuwait-Switzerland Trade: In 2022, Kuwait exported $21.2M to Switzerland. The main products that Kuwait exported to Switzerland were Jewellery ($8.45M), Precious Metal Watches ($3.03M), and Other Heating Machinery ($1.97M). Over the past 5 years the exports of Kuwait to Switzerland have decreased at an annualized rate of 22.5%, from $75.7M in 2017 to $21.2M in 2022.

In 2022, Kuwait did not export any services to Switzerland.

Comparison: In 2022, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Switzerland exported $1.36B to Kuwait. The main products exported from Switzerland to Kuwait were Gold ($599M), Base Metal Watches ($164M), and Flavored Water ($120M). During the last 5 years the exports of Switzerland to Kuwait have increased at an annualized rate of 19.8%, from $553M in 2017 to $1.36B in 2022.

In 2017, Kuwait exported $21.2M to Switzerland. The main products exported from Kuwait to Switzerland were Jewellery ($8.45M), Precious Metal Watches ($3.03M), and Other Heating Machinery ($1.97M). During the last 5 years the exports of Kuwait to Switzerland have decreased at an annualized rate of 22.5%, from $75.7M in 2022 to $21.2M in 2017.

Exports from Switzerland () to Kuwait () (2022)

Exports from Kuwait () to Switzerland () (2022)

Latest Data

Trade between Switzerland () and Kuwait ()

Switzerland Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationUnited States$61.7B

Kuwait
Top DestinationChina$24.3B

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 2022, countries that imported more from Switzerland than Kuwait included United States ($61.7B), Germany ($53.5B), and Italy ($22.8B).

In 2022, countries that imported more from Kuwait than Switzerland included South Korea ($10.8B), Vietnam ($5.7B), and Chinese Taipei ($7.34B).

Difference in imports from Kuwait () and Switzerland () (2022)

Comparative Advantage Switzerland - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Switzerland had a large net trade with Kuwait in the exports of Precious Metals ($655M), Instruments ($262M), and Chemical Products ($229M).

During 2017, Kuwait had a large net trade with Switzerland in the exports of Precious Metals ($8.45M), Instruments ($5.45M), and Machines ($4.01M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Kuwait () (2022)

Exports from Kuwait () to Switzerland () (2022)

Latest Data

Trade between Switzerland () and Kuwait ()

Switzerland Exports

Kuwait Exports

Market Competitiveness

Difference in imports from Kuwait () and Switzerland () (2022)

Comparative Advantage Switzerland - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Switzerland () and Kuwait () (2022)

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