Greece (GRC) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Greece-Kuwait Trade: In 2023, Greece exported $49.2M to Kuwait. The main products that Greece exported to Kuwait were Packaged Medicaments ($7.91M), Building Stone ($2.81M), and Toilet Paper ($2.48M). Over the past 5 years the exports of Greece to Kuwait have increased at an annualized rate of 3.57%, from $41.3M in 2018 to $49.2M in 2023.

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

Kuwait-Greece Trade: In 2023, Kuwait exported $56.4M to Greece. The main products that Kuwait exported to Greece were Refined Petroleum ($53.5M), Ethylene Polymers ($1.45M), and Scrap Aluminium ($366k). Over the past 5 years the exports of Kuwait to Greece have increased at an annualized rate of 90.3%, from $2.26M in 2018 to $56.4M in 2023.

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

Comparison: In 2023, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). 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, Greece exported $49.2M to Kuwait. The main products exported from Greece to Kuwait were Packaged Medicaments ($7.91M), Building Stone ($2.81M), and Toilet Paper ($2.48M). During the last 5 years the exports of Greece to Kuwait have increased at an annualized rate of 3.57%, from $41.3M in 2018 to $49.2M in 2023.

In 2018, Kuwait exported $56.4M to Greece. The main products exported from Kuwait to Greece were Refined Petroleum ($53.5M), Ethylene Polymers ($1.45M), and Scrap Aluminium ($366k). During the last 5 years the exports of Kuwait to Greece have increased at an annualized rate of 90.3%, from $2.26M in 2023 to $56.4M in 2018.

Exports from Greece () to Kuwait () (2023)

Exports from Kuwait () to Greece () (2023)

Latest Data

Trade between Greece () and Kuwait ()

Greece Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Greece than Kuwait included Italy ($6.21B), Cyprus ($3.03B), and Bulgaria ($2.38B).

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

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

Comparative Advantage Greece - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Greece had a large net trade with Kuwait in the exports of Chemical Products ($13.3M), Machines ($7.77M), and Foodstuffs ($5.94M).

During 2018, Kuwait had a large net trade with Greece in the exports of Mineral Products ($53.5M), Plastics and Rubbers ($1.45M), and Machines ($428k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Kuwait+$4.71MPackaged Medicaments

Top Product Potential Kuwait Greece+$2.32MEthylene Polymers

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

About

Historical Data

Bilateral Trade by Products

Exports from Greece () to Kuwait () (2023)

Exports from Kuwait () to Greece () (2023)

Latest Data

Trade between Greece () and Kuwait ()

Greece Exports

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Greece - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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