Kuwait (KWT) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Kuwait-Belgium Trade: In 2022, Kuwait exported $138M to Belgium. The main products that Kuwait exported to Belgium were Refined Petroleum ($52.7M), Cyclic Hydrocarbons ($41.6M), and Acyclic Alcohols ($22.7M). Over the past 5 years the exports of Kuwait to Belgium have increased at an annualized rate of 28.3%, from $39.7M in 2017 to $138M in 2022.

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

Belgium-Kuwait Trade: In 2022, Belgium exported $439M to Kuwait. The main products that Belgium exported to Kuwait were Vaccines, blood, antisera, toxins and cultures ($65.2M), Packaged Medicaments ($35.8M), and Other Pure Vegetable Oils ($32.7M). Over the past 5 years the exports of Belgium to Kuwait have increased at an annualized rate of 3.75%, from $203M in 2017 to $439M in 2022.

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

Comparison: In 2022, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kuwait exported $138M to Belgium. The main products exported from Kuwait to Belgium were Refined Petroleum ($52.7M), Cyclic Hydrocarbons ($41.6M), and Acyclic Alcohols ($22.7M). During the last 5 years the exports of Kuwait to Belgium have increased at an annualized rate of 28.3%, from $39.7M in 2017 to $138M in 2022.

In 2017, Belgium exported $439M to Kuwait. The main products exported from Belgium to Kuwait were Vaccines, blood, antisera, toxins and cultures ($65.2M), Packaged Medicaments ($35.8M), and Other Pure Vegetable Oils ($32.7M). During the last 5 years the exports of Belgium to Kuwait have increased at an annualized rate of 3.75%, from $203M in 2022 to $439M in 2017.

Exports from Kuwait () to Belgium () (2022)

Exports from Belgium () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Belgium ()

Kuwait Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Belgium
Top DestinationGermany$91.9B

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

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

In 2022, countries that imported more from Belgium than Kuwait included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Kuwait - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Belgium in the exports of Chemical Products ($64.3M), Mineral Products ($52.7M), and Plastics and Rubbers ($11.9M).

During 2017, Belgium had a large net trade with Kuwait in the exports of Chemical Products ($144M), Foodstuffs ($64.9M), and Transportation ($40.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Belgium+$85.8MRefined Petroleum

Top Product Potential Belgium Kuwait+$24.5MVaccines, blood, antisera, toxins and cultures

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Belgium () (2022)

Exports from Belgium () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Belgium ()

Kuwait Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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