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2022
Flag → Flag
Exports $186MRnk 45 / 198
2022
Flag → Flag
Top Product $70.2MJewellery
2022
Flag → Flag
Exports $163MRnk 32 / 156
2022
Flag → Flag
Top Product $53.6MSemi-Finished Iron
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag  
GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
Flag
 GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
GDP PC $48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186
2022
Flag
GDP PC$43,233CURRENT US$
Rnk 24 / 186
2012-2022
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GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186

About

Hong Kong-Kuwait Trade: In 2022, Hong Kong exported $186M to Kuwait. The main products that Hong Kong exported to Kuwait were Jewellery ($70.2M), Knit Women's Coats ($65.1M), and Base Metal Watches ($11.4M). Over the past 5 years the exports of Hong Kong to Kuwait have increased at an annualized rate of 38.8%, from $36.1M in 2017 to $186M in 2022.

In 2022, Hong Kong did not export any services to Kuwait.

Kuwait-Hong Kong Trade: In 2022, Kuwait exported $163M to Hong Kong. The main products that Kuwait exported to Hong Kong were Semi-Finished Iron ($53.6M), Other Clocks ($36.5M), and Cyclic Hydrocarbons ($19M). Over the past 5 years the exports of Kuwait to Hong Kong have increased at an annualized rate of 6.99%,  from $116M in 2017 to $163M in 2022.

In 2022, Kuwait did not export any services to Hong Kong.

Comparison: In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). 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
Value

In 2022, Hong Kong exported $186M to Kuwait. The main products exported from Hong Kong to Kuwait were Jewellery ($70.2M), Knit Women's Coats ($65.1M), and Base Metal Watches ($11.4M). During the last 5 years the exports of Hong Kong to Kuwait have increased at an annualized rate of 38.8%, from $36.1M in 2017 to $186M in 2022.

In 2017, Kuwait exported $163M to Hong Kong. The main products exported from Kuwait to Hong Kong were Semi-Finished Iron ($53.6M), Other Clocks ($36.5M), and Cyclic Hydrocarbons ($19M). During the last 5 years the exports of Kuwait to Hong Kong have increased at an annualized rate of 6.99%, from $116M in 2022 to $163M in 2017.

Exports from Hong Kong (Flag) to Kuwait (Flag) (2022)

Exports from Kuwait (Flag) to Hong Kong (Flag) (2022)

Latest Data

Trade between Hong Kong (Flag) and Kuwait (Flag)

Hong Kong Exports

Kuwait Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$23.4B
Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Hong Kong than Kuwait included Netherlands ($6.56B), Switzerland ($4.11B), and Malaysia ($3.84B).

In 2022, countries that imported more from Kuwait than Hong Kong included South Korea ($10.8B), Japan ($8.64B), and Chinese Taipei ($7.34B).

Difference in imports from Kuwait (Flag) and Hong Kong (Flag) (2022)

Comparative Advantage Hong Kong - Kuwait

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Kuwait in the exports of Precious Metals ($73.3M), Textiles ($72.3M), and Machines ($14.2M).

During 2017, Kuwait had a large net trade with Hong Kong in the exports of Metals ($53.6M), Instruments ($47.8M), and Machines ($22.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Kuwait+$16.1MTelephones
Top Product Potential Kuwait Hong Kong+$3.84MCars

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

This visualization shows the product space at the HS4 level with the flags of Hong Kong and Kuwait. This means that a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Hong Kong.

Product Space of Hong Kong (Flag) and Kuwait (Flag) (2022)

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