Kuwait (KWT) and Chile (CHL) Trade | The Observatory of Economic Complexity

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Kuwait-Chile Trade: In 2023, Kuwait exported $47.1k to Chile. The main products that Kuwait exported to Chile were Other Engines ($26.4k), Perfumes ($10.3k), and Liquid Pumps ($5.14k). Over the past 5 years the exports of Kuwait to Chile have decreased at an annualized rate of 20%, from $144k in 2018 to $47.1k in 2023.

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

Chile-Kuwait Trade: In 2023, Chile exported $12.9M to Kuwait. The main products that Chile exported to Kuwait were Processed Tomatoes ($3.46M), Sawn Wood ($2.54M), and Other Nuts ($1.67M). Over the past 5 years the exports of Chile to Kuwait have decreased at an annualized rate of 15.3%, from $29.6M in 2018 to $12.9M in 2023.

In 2023, Chile 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, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $47.1k to Chile. The main products exported from Kuwait to Chile were Other Engines ($26.4k), Perfumes ($10.3k), and Liquid Pumps ($5.14k). During the last 5 years the exports of Kuwait to Chile have decreased at an annualized rate of 20%, from $144k in 2018 to $47.1k in 2023.

In 2018, Chile exported $12.9M to Kuwait. The main products exported from Chile to Kuwait were Processed Tomatoes ($3.46M), Sawn Wood ($2.54M), and Other Nuts ($1.67M). During the last 5 years the exports of Chile to Kuwait have decreased at an annualized rate of 15.3%, from $29.6M in 2023 to $12.9M in 2018.

Exports from Kuwait () to Chile () (2023)

Exports from Chile () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Chile ()

Kuwait Exports

Date

Chile Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Chile
Top DestinationChina$38.2B

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

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

In 2023, countries that imported more from Chile than Kuwait included China ($38.2B), United States ($15.7B), and South Korea ($6.02B).

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

Comparative Advantage Kuwait - Chile

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Chile in the exports of Machines ($31.5k), Chemical Products ($11.3k), and Transportation ($2.48k).

During 2018, Chile had a large net trade with Kuwait in the exports of Vegetable Products ($5.93M), Foodstuffs ($3.64M), and Wood Products ($2.55M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Chile+$60.3kSodium or Potassium Peroxides

Top Product Potential Chile Kuwait+$585kOther Fruits

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Chile () (2023)

Exports from Chile () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Chile ()

Kuwait Exports

Chile Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Chile

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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