2023
Flag  
GDP
$263BCURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP GROWTH
11%CURRENT US$
Rnk 153 / 195
2023
Flag
 GDP
$164BCURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP GROWTH
-6.01%CURRENT US$
Rnk 178 / 195
2023
Flag
GDP PC 
$12,919CURRENT US$
Rnk 79 / 195
2013-2023
Flag
GDP PC GROWTH
-4.15%CURRENT US$
Rnk 158 / 195
2023
Flag
GDP PC
$33,730CURRENT US$
Rnk 39 / 196
2013-2023
Flag
GDP PC GROWTH
-32.1%CURRENT US$
Rnk 187 / 195

About

Kazakhstan-Kuwait Trade: In 2023, Kazakhstan exported $3.54M to Kuwait. The main products that Kazakhstan exported to Kuwait were Sheep and Goat Meat ($2.72M), Natural Polymers ($194k), and Iron Pipe Fittings ($156k). Over the past 5 years the exports of Kazakhstan to Kuwait have increased at an annualized rate of 53.8%, from $411k in 2018 to $3.54M in 2023.

In 2023, Kazakhstan did not export any services to Kuwait.

Kuwait-Kazakhstan Trade: In 2023, Kuwait exported $853k to Kazakhstan. The main products that Kuwait exported to Kazakhstan were Niobium, Tantalum, Vanadium and Zirconium Ore ($664k), Excavation Machinery ($65.9k), and Surveying Equipment ($61.2k). Over the past 5 years the exports of Kuwait to Kazakhstan have increased at an annualized rate of 18.5%,  from $366k in 2018 to $853k in 2023.

In 2023, Kuwait did not export any services to Kazakhstan.

Comparison: In 2023,  Kazakhstan ranked 71 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($96.6B). 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
Value

In 2023, Kazakhstan exported $3.54M to Kuwait. The main products exported from Kazakhstan to Kuwait were Sheep and Goat Meat ($2.72M), Natural Polymers ($194k), and Iron Pipe Fittings ($156k). During the last 5 years the exports of Kazakhstan to Kuwait have increased at an annualized rate of 53.8%, from $411k in 2018 to $3.54M in 2023.

In 2018, Kuwait exported $853k to Kazakhstan. The main products exported from Kuwait to Kazakhstan were Niobium, Tantalum, Vanadium and Zirconium Ore ($664k), Excavation Machinery ($65.9k), and Surveying Equipment ($61.2k). During the last 5 years the exports of Kuwait to Kazakhstan have increased at an annualized rate of 18.5%, from $366k in 2023 to $853k in 2018.

Exports from Kazakhstan (Flag) to Kuwait (Flag) (2023)

Exports from Kuwait (Flag) to Kazakhstan (Flag) (2023)

Latest Data

Trade between Kazakhstan (Flag) and Kuwait (Flag)

Kazakhstan Exports

Kuwait Exports

Market Competitiveness

Color
Kazakhstan
Top Destination
China$15.2B
Kuwait
Top Destination
China$17.4B

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

In 2023, countries that imported more from Kazakhstan than Kuwait included United Kingdom ($14.3B), Russia ($9.78B), and Turkey ($5.42B).

In 2023, countries that imported more from Kuwait than Kazakhstan included India ($9.51B), Japan ($9.13B), and Chinese Taipei ($4.74B).

Difference in imports from Kuwait (Flag) and Kazakhstan (Flag) (2023)

Comparative Advantage Kazakhstan - Kuwait

Flow
Scale

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

During 2023, Kazakhstan had a large net trade with Kuwait in the exports of Animal Products ($2.81M), Plastics and Rubbers ($301k), and Metals ($256k).

During 2018, Kuwait had a large net trade with Kazakhstan in the exports of Mineral Products ($664k), Machines ($111k), and Instruments ($61.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kazakhstan Kuwait+$151kDried Legumes
Top Product Potential Kuwait Kazakhstan+$497kIron Pipes

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

Product Space of Kazakhstan (Flag) and Kuwait (Flag) (2023)

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