Hong Kong (HKG) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Hong Kong-Kuwait Trade: In 2023, Hong Kong exported $51.9M to Kuwait. The main products that Hong Kong exported to Kuwait were Jewellery ($18.2M), Calculators ($11.9M), and Base Metal Watches ($8.88M). Over the past 5 years the exports of Hong Kong to Kuwait have increased at an annualized rate of 8.17%, from $35M in 2018 to $51.9M in 2023.

In 2023, Hong Kong did not export any services to Kuwait.

Kuwait-Hong Kong Trade: In 2023, Kuwait exported $80.3M to Hong Kong. The main products that Kuwait exported to Hong Kong were Cyclic Hydrocarbons ($29.1M), Base Metal Watches ($14.5M), and Other Clocks ($14.1M). Over the past 5 years the exports of Kuwait to Hong Kong have decreased at an annualized rate of 2.4%, from $95.1M in 2018 to $80.3M in 2023.

In 2023, Kuwait did not export any services to Hong Kong.

Comparison: In 2023, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). 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, Hong Kong exported $51.9M to Kuwait. The main products exported from Hong Kong to Kuwait were Jewellery ($18.2M), Calculators ($11.9M), and Base Metal Watches ($8.88M). During the last 5 years the exports of Hong Kong to Kuwait have increased at an annualized rate of 8.17%, from $35M in 2018 to $51.9M in 2023.

In 2018, Kuwait exported $80.3M to Hong Kong. The main products exported from Kuwait to Hong Kong were Cyclic Hydrocarbons ($29.1M), Base Metal Watches ($14.5M), and Other Clocks ($14.1M). During the last 5 years the exports of Kuwait to Hong Kong have decreased at an annualized rate of 2.4%, from $95.1M in 2023 to $80.3M in 2018.

Exports from Hong Kong () to Kuwait () (2023)

Exports from Kuwait () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Kuwait ()

Hong Kong Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$25.3B

Kuwait
Top DestinationChina$17.4B

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 2023, countries that imported more from Hong Kong than Kuwait included Vietnam ($14.4B), South Korea ($9.5B), and China ($25.3B).

In 2023, countries that imported more from Kuwait than Hong Kong included Japan ($9.13B), India ($9.51B), and Egypt ($2.78B).

Difference in imports from Kuwait () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hong Kong had a large net trade with Kuwait in the exports of Precious Metals ($19.6M), Machines ($15.5M), and Instruments ($10.4M).

During 2018, Kuwait had a large net trade with Hong Kong in the exports of Chemical Products ($29.3M), Instruments ($28.7M), and Machines ($16.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Kuwait () (2023)

Exports from Kuwait () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Kuwait ()

Hong Kong Exports

Kuwait Exports

Market Competitiveness

Difference in imports from Kuwait () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Kuwait () (2023)

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