Gabon (GAB) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

About

Gabon-Kuwait Trade: In 2023, Gabon exported $1.09M to Kuwait. The main products that Gabon exported to Kuwait were Sawn Wood ($846k), Rough Wood ($228k), and Interchangeable Tool Parts ($6.65k). Over the past 5 years the exports of Gabon to Kuwait have decreased at an annualized rate of 1.83%, from $1.2M in 2018 to $1.09M in 2023.

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

Kuwait-Gabon Trade: In 2023, Kuwait exported $374k to Gabon. The main products that Kuwait exported to Gabon were Sodium or Potassium Peroxides ($272k), Cars ($78k), and Unprocessed Synthetic Staple Fibers ($11.5k). Over the past 5 years the exports of Kuwait to Gabon have increased at an annualized rate of 19.4%, from $90.6k in 2018 to $374k in 2023.

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

Comparison: In 2023, Gabon ranked 92 in the Economic Complexity Index (ECI -0.62), and 102 in total exports ($10.6B). 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, Gabon exported $1.09M to Kuwait. The main products exported from Gabon to Kuwait were Sawn Wood ($846k), Rough Wood ($228k), and Interchangeable Tool Parts ($6.65k). During the last 5 years the exports of Gabon to Kuwait have decreased at an annualized rate of 1.83%, from $1.2M in 2018 to $1.09M in 2023.

In 2018, Kuwait exported $374k to Gabon. The main products exported from Kuwait to Gabon were Sodium or Potassium Peroxides ($272k), Cars ($78k), and Unprocessed Synthetic Staple Fibers ($11.5k). During the last 5 years the exports of Kuwait to Gabon have increased at an annualized rate of 19.4%, from $90.6k in 2023 to $374k in 2018.

Exports from Gabon () to Kuwait () (2023)

Exports from Kuwait () to Gabon () (2023)

Latest Data

Trade between Gabon () and Kuwait ()

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gabon
Top DestinationChina$2.77B

Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Gabon than Kuwait included Israel ($680M), Indonesia ($875M), and Republic of the Congo ($574M).

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

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

Comparative Advantage Gabon - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Gabon had a large net trade with Kuwait in the exports of Wood Products ($1.07M), Metals ($6.65k), and Miscellaneous ($4.96k).

During 2018, Kuwait had a large net trade with Gabon in the exports of Chemical Products ($272k), Transportation ($78k), and Textiles ($11.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Gabon Kuwait+$704kSawn Wood

Top Product Potential Kuwait Gabon+$188kCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Gabon () to Kuwait () (2023)

Exports from Kuwait () to Gabon () (2023)

Latest Data

Trade between Gabon () and Kuwait ()

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Gabon - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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