Kuwait (KWT) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Kuwait-Canada Trade: In 2023, Kuwait exported $311M to Canada. The main products that Kuwait exported to Canada were Refined Petroleum ($306M), Reaction and Catalytic Products ($2.25M), and Blank Audio Media ($495k). Over the past 5 years the exports of Kuwait to Canada have increased at an annualized rate of 58.7%, from $31M in 2018 to $311M in 2023.

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

Canada-Kuwait Trade: In 2023, Canada exported $209M to Kuwait. The main products that Canada exported to Kuwait were Cars ($44.9M), Wheat ($30.1M), and Excavation Machinery ($27.3M). Over the past 5 years the exports of Canada to Kuwait have decreased at an annualized rate of 2.77%, from $241M in 2018 to $209M in 2023.

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

Comparison: In 2023, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $311M to Canada. The main products exported from Kuwait to Canada were Refined Petroleum ($306M), Reaction and Catalytic Products ($2.25M), and Blank Audio Media ($495k). During the last 5 years the exports of Kuwait to Canada have increased at an annualized rate of 58.7%, from $31M in 2018 to $311M in 2023.

In 2018, Canada exported $209M to Kuwait. The main products exported from Canada to Kuwait were Cars ($44.9M), Wheat ($30.1M), and Excavation Machinery ($27.3M). During the last 5 years the exports of Canada to Kuwait have decreased at an annualized rate of 2.77%, from $241M in 2023 to $209M in 2018.

Exports from Kuwait () to Canada () (2023)

Exports from Canada () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Canada ()

Kuwait Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Canada
Top DestinationUnited States$410B

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 2023, countries that imported more from Kuwait than Canada included Chinese Taipei ($4.74B), India ($9.51B), and Egypt ($2.78B).

In 2023, countries that imported more from Canada than Kuwait included United States ($410B), United Kingdom ($18B), and China ($31.1B).

Difference in imports from Canada () and Kuwait () (2023)

Comparative Advantage Kuwait - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Canada in the exports of Mineral Products ($306M), Chemical Products ($2.28M), and Machines ($758k).

During 2018, Canada had a large net trade with Kuwait in the exports of Machines ($55.7M), Transportation ($49.3M), and Vegetable Products ($31M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Canada () (2023)

Exports from Canada () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Canada ()

Kuwait Exports

Canada Exports

Market Competitiveness

Difference in imports from Canada () and Kuwait () (2023)

Comparative Advantage Kuwait - Canada

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Kuwait () and Canada () (2023)

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