Georgia (GEO) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Georgia-Kuwait Trade: In 2023, Georgia exported $4.29M to Kuwait. The main products that Georgia exported to Kuwait were Sheep and Goats ($3.18M), Sheep and Goat Meat ($237k), and Non-Knit Women's Suits ($168k). Over the past 5 years the exports of Georgia to Kuwait have increased at an annualized rate of 11.5%, from $2.49M in 2018 to $4.29M in 2023.

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

Kuwait-Georgia Trade: In 2023, Kuwait exported $46.7k to Georgia. The main products that Kuwait exported to Georgia were Cars ($46.3k), Used Clothing ($221), and Brochures ($110). Over the past 5 years the exports of Kuwait to Georgia have decreased at an annualized rate of 47.7%, from $1.19M in 2018 to $46.7k in 2023.

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

Comparison: In 2023, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B). 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, Georgia exported $4.29M to Kuwait. The main products exported from Georgia to Kuwait were Sheep and Goats ($3.18M), Sheep and Goat Meat ($237k), and Non-Knit Women's Suits ($168k). During the last 5 years the exports of Georgia to Kuwait have increased at an annualized rate of 11.5%, from $2.49M in 2018 to $4.29M in 2023.

In 2018, Kuwait exported $46.7k to Georgia. The main products exported from Kuwait to Georgia were Cars ($46.3k), Used Clothing ($221), and Brochures ($110). During the last 5 years the exports of Kuwait to Georgia have decreased at an annualized rate of 47.7%, from $1.19M in 2023 to $46.7k in 2018.

Exports from Georgia () to Kuwait () (2023)

Exports from Kuwait () to Georgia () (2023)

Latest Data

Trade between Georgia () and Kuwait ()

Georgia Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Georgia than Kuwait included Azerbaijan ($828M), Armenia ($712M), and Russia ($657M).

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

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

Comparative Advantage Georgia - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Georgia had a large net trade with Kuwait in the exports of Animal Products ($3.48M), Textiles ($387k), and Foodstuffs ($120k).

During 2018, Kuwait had a large net trade with Georgia in the exports of Transportation ($46.3k), Textiles ($221), and Paper Goods ($110).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Kuwait+$740kKnit T-shirts

Top Product Potential Kuwait Georgia+$165kCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Kuwait () (2023)

Exports from Kuwait () to Georgia () (2023)

Latest Data

Trade between Georgia () and Kuwait ()

Georgia Exports

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Georgia - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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