Iceland (ISL) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Iceland-Kuwait Trade: In 2022, Iceland exported $674k to Kuwait. The main products that Iceland exported to Kuwait were Water ($482k), Motor vehicles; parts and accessories (8701 to 8705) ($27k), and Packaged Medicaments ($22.1k). Over the past 5 years the exports of Iceland to Kuwait have decreased at an annualized rate of 7.82%, from $1.01M in 2017 to $674k in 2022.

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

Kuwait-Iceland In N/A, Kuwait did not export any products to Iceland.

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

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $674k to Kuwait. The main products exported from Iceland to Kuwait were Water ($482k), Motor vehicles; parts and accessories (8701 to 8705) ($27k), and Packaged Medicaments ($22.1k). During the last 5 years the exports of Iceland to Kuwait have decreased at an annualized rate of 7.82%, from $1.01M in 2017 to $674k in 2022.

Kuwait does not register exports to Iceland. The main products exported from Kuwait to Iceland were Refined Petroleum ($111M), Ice Cream ($2.34k), and Non-Knit Women's Suits ($326).

Exports from Iceland () to Kuwait () (2022)

Exports from Kuwait () to Iceland () (2022)

Latest Data

Trade between Iceland () and Kuwait ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Iceland than Kuwait included Netherlands ($1.97B), Germany ($573M), and Norway ($459M).

In 2022, countries that imported more from Kuwait than Iceland included China ($24.3B), India ($15B), and South Korea ($10.8B).

Difference in imports from Kuwait () and Iceland () (2022)

Comparative Advantage Iceland - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Kuwait in the exports of Foodstuffs ($504k), Metals ($39.4k), and Chemical Products ($38.9k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Iceland () to Kuwait () (2022)

Exports from Kuwait () to Iceland () (2022)

Latest Data

Trade between Iceland () and Kuwait ()

Iceland Exports

Market Competitiveness

Difference in imports from Kuwait () and Iceland () (2022)

Comparative Advantage Iceland - Kuwait

Economic Complexity

Competitive Landscape

Product Space of Iceland () and Kuwait () (2022)

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