2022
Flag  
GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
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GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 186
2022
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 GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
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GDP PC 
$43,233CURRENT US$
Rnk 24 / 186
2012-2022
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GDP PC GROWTH
-15.7%CURRENT US$
Rnk 166 / 186
2022
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GDP PC
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186

About

Kuwait-Canada Trade: In 2022, Kuwait exported $272M to Canada. The main products that Kuwait exported to Canada were Refined Petroleum ($267M), Reaction and Catalytic Products ($1.96M), and Iron Structures ($461k). Over the past 5 years the exports of Kuwait to Canada have increased at an annualized rate of 86.6%, from $12M in 2017 to $272M in 2022.

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

Canada-Kuwait Trade: In 2022, Canada exported $291M to Kuwait. The main products that Canada exported to Kuwait were Planes, Helicopters, and/or Spacecraft ($43M), Wheat ($36.9M), and LCDs ($23.5M). Over the past 5 years the exports of Canada to Kuwait have increased at an annualized rate of 9.9%,  from $150M in 2017 to $291M in 2022.

In 2022, Canada 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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $272M to Canada. The main products exported from Kuwait to Canada were Refined Petroleum ($267M), Reaction and Catalytic Products ($1.96M), and Iron Structures ($461k). During the last 5 years the exports of Kuwait to Canada have increased at an annualized rate of 86.6%, from $12M in 2017 to $272M in 2022.

In 2017, Canada exported $291M to Kuwait. The main products exported from Canada to Kuwait were Planes, Helicopters, and/or Spacecraft ($43M), Wheat ($36.9M), and LCDs ($23.5M). During the last 5 years the exports of Canada to Kuwait have increased at an annualized rate of 9.9%, from $150M in 2022 to $291M in 2017.

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

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

Latest Data

Trade between Kuwait (Flag) and Canada (Flag)

Kuwait Exports

Canada Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$24.3B
Canada
Top Destination
United States$438B

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

In 2022, countries that imported more from Kuwait than Canada included India ($15B), Chinese Taipei ($7.34B), and Vietnam ($5.7B).

In 2022, countries that imported more from Canada than Kuwait included United States ($438B), United Kingdom ($12.9B), and Mexico ($7.39B).

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

Comparative Advantage Kuwait - Canada

Flow
Scale

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

During 2022, Kuwait had a large net trade with Canada in the exports of Mineral Products ($267M), Chemical Products ($1.97M), and Animal Products ($600k).

During 2017, Canada had a large net trade with Kuwait in the exports of Transportation ($85.1M), Machines ($56.3M), and Vegetable Products ($37.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kuwait Canada+$92.8MRefined Petroleum
Top Product Potential Canada Kuwait+$12.8MCars

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

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

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