Kuwait (KWT) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Kuwait-Denmark Trade: In 2023, Kuwait exported $205M to Denmark. The main products that Kuwait exported to Denmark were Refined Petroleum ($200M), Medical Instruments ($4.69M), and Vaccines, blood, antisera, toxins and cultures ($105k). Over the past 5 years the exports of Kuwait to Denmark have increased at an annualized rate of 232%, from $508k in 2018 to $205M in 2023.

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

Denmark-Kuwait Trade: In 2023, Denmark exported $132M to Kuwait. The main products that Denmark exported to Kuwait were Packaged Medicaments ($61M), Bovine ($7.31M), and Cheese ($7.03M). Over the past 5 years the exports of Denmark to Kuwait have decreased at an annualized rate of 5.38%, from $174M in 2018 to $132M in 2023.

In 2023, Denmark 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, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $205M to Denmark. The main products exported from Kuwait to Denmark were Refined Petroleum ($200M), Medical Instruments ($4.69M), and Vaccines, blood, antisera, toxins and cultures ($105k). During the last 5 years the exports of Kuwait to Denmark have increased at an annualized rate of 232%, from $508k in 2018 to $205M in 2023.

In 2018, Denmark exported $132M to Kuwait. The main products exported from Denmark to Kuwait were Packaged Medicaments ($61M), Bovine ($7.31M), and Cheese ($7.03M). During the last 5 years the exports of Denmark to Kuwait have decreased at an annualized rate of 5.38%, from $174M in 2023 to $132M in 2018.

Exports from Kuwait () to Denmark () (2023)

Exports from Denmark () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Denmark ()

Kuwait Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from Kuwait than Denmark included China ($17.4B), India ($9.51B), and Japan ($9.13B).

In 2023, countries that imported more from Denmark than Kuwait included Germany ($14.8B), Sweden ($11.2B), and United States ($12B).

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

Comparative Advantage Kuwait - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Denmark in the exports of Mineral Products ($200M), Instruments ($4.72M), and Chemical Products ($166k).

During 2018, Denmark had a large net trade with Kuwait in the exports of Chemical Products ($69.8M), Animal Products ($21.5M), and Foodstuffs ($12.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Denmark+$29.1MRefined Petroleum

Top Product Potential Denmark Kuwait+$4.57MVaccines, 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 Denmark. This means that a dot/product with the flag of Kuwait indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Kuwait.

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Denmark () (2023)

Exports from Denmark () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Denmark ()

Kuwait Exports

Denmark Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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