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2022
Flag → Flag
Exports $2.49BRnk 39 / 217
2022
Flag → Flag
Top Product $176MRice
2022
Flag → Flag
Exports $15BRnk 2 / 156
2022
Flag → Flag
Top Product $9.12BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
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GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 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

India-Kuwait Trade: In 2022, India exported $2.49B to Kuwait. The main products that India exported to Kuwait were Rice ($176M), Jewellery ($161M), and Cyclic Hydrocarbons ($125M). Over the past 5 years the exports of India to Kuwait have increased at an annualized rate of 10.3%, from $1.52B in 2017 to $2.49B in 2022.

In 2022, India did not export any services to Kuwait.

Kuwait-India Trade: In 2022, Kuwait exported $15B to India. The main products that Kuwait exported to India were Crude Petroleum ($9.12B), Petroleum Gas ($2.2B), and Acyclic Alcohols ($1.51B). Over the past 5 years the exports of Kuwait to India have increased at an annualized rate of 18.6%,  from $6.4B in 2017 to $15B in 2022.

In 2022, Kuwait did not export any services to India.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Latest Trends

September, 2024

About

Overview In September 2024, India exported $118M and imported $500M from Kuwait, resulting in a negative trade balance of $381M. Between September 2023 and September 2024 the exports of India have increased by $4.48M (3.93%) from $114M to $118M, while imports decreased by $-370M (-42.6%) from $870M to $500M.

Trade In September 2024, the top exports of India to Kuwait were Rice -Basmoti ($11.3M), Ceramics And Allied Products ($8.69M), Motor Vehicle/Cars ($8.25M), Electronics Components ($5.06M), and Iron And Steel ($4.55M). In September 2024 the top imports of India from Kuwait were Petroleum: Crude ($370M), Petroleum Products ($288M), Organic Chemicals ($46.5M), Plastic Raw Materials ($11.3M), and Iron And Steel ($8.61M).

Growth In September 2024, the increase in India's year-by-year exports to Kuwait was explained primarily by an increase in product exports in Motor Vehicle/Cars ($5.38M or 188%), Rice -Basmoti ($3.69M or 48.6%), and Organic Chemicals ($2.73M or 283%). In September 2024, the decrease in India's year-by-year imports  from Kuwait was explained primarily by an decrease in product imports  in Organic Chemicals ($-9.25M or -16.6%), Other Commodities ($-4.57M or -72.5%), and Aluminium, Products Of Aluminm ($-1.84M or -29.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)$4.48M(3.93%)
IMPORT GROWTH (September 2023 - September 2024)$-370M(-42.6%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Kuwait and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Kuwait and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $2.49B to Kuwait. The main products exported from India to Kuwait were Rice ($176M), Jewellery ($161M), and Cyclic Hydrocarbons ($125M). During the last 5 years the exports of India to Kuwait have increased at an annualized rate of 10.3%, from $1.52B in 2017 to $2.49B in 2022.

In 2017, Kuwait exported $15B to India. The main products exported from Kuwait to India were Crude Petroleum ($9.12B), Petroleum Gas ($2.2B), and Acyclic Alcohols ($1.51B). During the last 5 years the exports of Kuwait to India have increased at an annualized rate of 18.6%, from $6.4B in 2022 to $15B in 2017.

Exports from India (Flag) to Kuwait (Flag) (2022)

Exports from Kuwait (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from India than Kuwait included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Kuwait than India included China ($24.3B), Chinese Taipei ($7.34B), and Pakistan ($3.97B).

Difference in imports from Kuwait (Flag) and India (Flag) (2022)

Comparative Advantage India - Kuwait

Flow
Scale

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

During 2022, India had a large net trade with Kuwait in the exports of Machines ($475M), Vegetable Products ($388M), and Textiles ($278M).

During 2017, Kuwait had a large net trade with India in the exports of Mineral Products ($11.6B), Chemical Products ($2.54B), and Metals ($295M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Kuwait+$54.5MCars
Top Product Potential Kuwait India+$1.39BCrude Petroleum

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

Product Space of India (Flag) and Kuwait (Flag) (2022)

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