Colombia (COL) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Colombia-Kuwait Trade: In 2023, Colombia exported $7.88M to Kuwait. The main products that Colombia exported to Kuwait were Coffee ($1.12M), Cut Flowers ($1.07M), and Tropical Fruits ($947k). Over the past 5 years the exports of Colombia to Kuwait have decreased at an annualized rate of 2.27%, from $8.84M in 2018 to $7.88M in 2023.

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

Kuwait-Colombia Trade: In 2023, Kuwait exported $476k to Colombia. The main products that Kuwait exported to Colombia were Liquid Pumps ($192k), Gas and Liquid Flow Measuring Instruments ($164k), and Lubricating Products ($49k). Over the past 5 years the exports of Kuwait to Colombia have decreased at an annualized rate of 3.92%, from $605k in 2018 to $476k in 2023.

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

Comparison: In 2023, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). 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, Colombia exported $7.88M to Kuwait. The main products exported from Colombia to Kuwait were Coffee ($1.12M), Cut Flowers ($1.07M), and Tropical Fruits ($947k). During the last 5 years the exports of Colombia to Kuwait have decreased at an annualized rate of 2.27%, from $8.84M in 2018 to $7.88M in 2023.

In 2018, Kuwait exported $476k to Colombia. The main products exported from Kuwait to Colombia were Liquid Pumps ($192k), Gas and Liquid Flow Measuring Instruments ($164k), and Lubricating Products ($49k). During the last 5 years the exports of Kuwait to Colombia have decreased at an annualized rate of 3.92%, from $605k in 2023 to $476k in 2018.

Exports from Colombia () to Kuwait () (2023)

Exports from Kuwait () to Colombia () (2023)

Latest Data

Trade between Colombia () and Kuwait ()

Colombia Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Colombia than Kuwait included United States ($14.8B), Panama ($4.66B), and Ecuador ($2.19B).

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

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

Comparative Advantage Colombia - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Kuwait in the exports of Vegetable Products ($4.06M), Textiles ($1.62M), and Chemical Products ($715k).

During 2018, Kuwait had a large net trade with Colombia in the exports of Machines ($194k), Instruments ($164k), and Chemical Products ($84.5k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Kuwait+$1.07MCoal Briquettes

Top Product Potential Kuwait Colombia+$233kLiquid Pumps

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

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Historical Data

Bilateral Trade by Products

Exports from Colombia () to Kuwait () (2023)

Exports from Kuwait () to Colombia () (2023)

Latest Data

Trade between Colombia () and Kuwait ()

Colombia Exports

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Colombia - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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