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Pricing

2022
Flag → Flag
Exports $1.34BRnk 59 / 221
2022
Flag → Flag
Top Product $89.9MIron Pipes
2022
Flag → Flag
Exports $345MRnk 23 / 156
2022
Flag → Flag
Top Product $296MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 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

Italy-Kuwait Trade: In 2022, Italy exported $1.34B to Kuwait. The main products that Italy exported to Kuwait were Iron Pipes ($89.9M), Trunks and Cases ($61.6M), and Cars ($46.5M). Over the past 5 years the exports of Italy to Kuwait have decreased at an annualized rate of 0.54%, from $1.38B in 2017 to $1.34B in 2022.

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

Kuwait-Italy Trade: In 2022, Kuwait exported $345M to Italy. The main products that Kuwait exported to Italy were Refined Petroleum ($296M), Ethylene Polymers ($19.2M), and Propylene Polymers ($5.25M). Over the past 5 years the exports of Kuwait to Italy have decreased at an annualized rate of 22.5%,  from $1.23B in 2017 to $345M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Latest Trends

July, 2024

About

Overview In July 2024, Italy exported €45.4M and imported €116M from Kuwait, resulting in a negative trade balance of €70.9M. Between July 2023 and July 2024 the exports of Italy have increased by €11.9M (35.6%) from €33.5M to €45.4M, while imports increased by €55.9M (92.6%) from €60.4M to €116M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€11.9M(35.6%)
IMPORT GROWTH (July 2023 - July 2024)€55.9M(92.6%)

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

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

For full datasets download visit Bulk Download page.

Explore Kuwait and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $1.34B to Kuwait. The main products exported from Italy to Kuwait were Iron Pipes ($89.9M), Trunks and Cases ($61.6M), and Cars ($46.5M). During the last 5 years the exports of Italy to Kuwait have decreased at an annualized rate of 0.54%, from $1.38B in 2017 to $1.34B in 2022.

In 2017, Kuwait exported $345M to Italy. The main products exported from Kuwait to Italy were Refined Petroleum ($296M), Ethylene Polymers ($19.2M), and Propylene Polymers ($5.25M). During the last 5 years the exports of Kuwait to Italy have decreased at an annualized rate of 22.5%, from $1.23B in 2022 to $345M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Italy than Kuwait included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Kuwait than Italy included India ($15B), China ($24.3B), and Chinese Taipei ($7.34B).

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

Comparative Advantage Italy - Kuwait

Flow
Scale

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

During 2022, Italy had a large net trade with Kuwait in the exports of Machines ($268M), Metals ($160M), and Chemical Products ($124M).

During 2017, Kuwait had a large net trade with Italy in the exports of Mineral Products ($296M), Plastics and Rubbers ($24.6M), and Chemical Products ($4.23M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Kuwait+$34.4MCars
Top Product Potential Kuwait Italy+$118MRefined 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 Italy and Kuwait. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Italy.

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

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