Kuwait (KWT) and China (CHN) Trade | The Observatory of Economic Complexity

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Kuwait-China Trade: In 2023, Kuwait exported $17.4B to China. The main products that Kuwait exported to China were Crude Petroleum ($15.2B), Petroleum Gas ($623M), and Refined Petroleum ($580M). Over the past 5 years the exports of Kuwait to China have increased at an annualized rate of 2.08%, from $15.7B in 2018 to $17.4B in 2023.

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

China-Kuwait Trade: In 2023, China exported $7.14B to Kuwait. The main products that China exported to Kuwait were Broadcasting Equipment ($1.13B), Cars ($644M), and Iron Pipes ($553M). Over the past 5 years the exports of China to Kuwait have increased at an annualized rate of 4.23%, from $5.8B in 2018 to $7.14B in 2023.

In 2023, China 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, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $17.4B to China. The main products exported from Kuwait to China were Crude Petroleum ($15.2B), Petroleum Gas ($623M), and Refined Petroleum ($580M). During the last 5 years the exports of Kuwait to China have increased at an annualized rate of 2.08%, from $15.7B in 2018 to $17.4B in 2023.

In 2018, China exported $7.14B to Kuwait. The main products exported from China to Kuwait were Broadcasting Equipment ($1.13B), Cars ($644M), and Iron Pipes ($553M). During the last 5 years the exports of China to Kuwait have increased at an annualized rate of 4.23%, from $5.8B in 2023 to $7.14B in 2018.

Exports from Kuwait () to China () (2023)

Exports from China () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and China ()

Kuwait Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

China
Top DestinationUnited States$436B

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

In 2023, no countries were registered that imported more from Kuwait than from China.

In 2023, countries that imported more from China than Kuwait included United States ($436B), Hong Kong ($259B), and Germany ($164B).

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

Comparative Advantage Kuwait - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with China in the exports of Mineral Products ($16.6B), Chemical Products ($593M), and Plastics and Rubbers ($163M).

During 2018, China had a large net trade with Kuwait in the exports of Machines ($3.11B), Metals ($1.01B), and Transportation ($787M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait China+$827MPetroleum Gas

Top Product Potential China Kuwait+$166MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to China () (2023)

Exports from China () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and China ()

Kuwait Exports

China Exports

Market Competitiveness

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

Comparative Advantage Kuwait - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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