2023
Flag  
GDP
$164BCURRENT US$
Rnk 58 / 195
2013-2023
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GDP GROWTH
-6.01%CURRENT US$
Rnk 178 / 195
2023
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 GDP
$248BCURRENT US$
Rnk 53 / 195
2013-2023
Flag
GDP GROWTH
7.8%CURRENT US$
Rnk 161 / 195
2023
Flag
GDP PC 
$33,730CURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP PC GROWTH
-32.1%CURRENT US$
Rnk 187 / 195
2023
Flag
GDP PC
$5,364CURRENT US$
Rnk 121 / 196
2013-2023
Flag
GDP PC GROWTH
-10.3%CURRENT US$
Rnk 169 / 195

About

Kuwait-Algeria Trade: In 2023, Kuwait exported $15.8M to Algeria. The main products that Kuwait exported to Algeria were Ethylene Polymers ($9.41M), Sodium or Potassium Peroxides ($5.11M), and Railway Cargo Containers ($325k). Over the past 5 years the exports of Kuwait to Algeria have increased at an annualized rate of 6.11%, from $11.7M in 2018 to $15.8M in 2023.

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

Algeria-Kuwait Trade: In 2023, Algeria exported $165k to Kuwait. The main products that Algeria exported to Kuwait were Margarine ($96.6k), Baked Goods ($30.1k), and Flavored Water ($17.7k). Over the past 5 years the exports of Algeria to Kuwait have decreased at an annualized rate of 22.3%,  from $581k in 2018 to $165k in 2023.

In 2023, Algeria 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, Algeria ranked 99 in the Economic Complexity Index (ECI -0.75), and 57 in total exports ($52.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Kuwait exported $15.8M to Algeria. The main products exported from Kuwait to Algeria were Ethylene Polymers ($9.41M), Sodium or Potassium Peroxides ($5.11M), and Railway Cargo Containers ($325k). During the last 5 years the exports of Kuwait to Algeria have increased at an annualized rate of 6.11%, from $11.7M in 2018 to $15.8M in 2023.

In 2018, Algeria exported $165k to Kuwait. The main products exported from Algeria to Kuwait were Margarine ($96.6k), Baked Goods ($30.1k), and Flavored Water ($17.7k). During the last 5 years the exports of Algeria to Kuwait have decreased at an annualized rate of 22.3%, from $581k in 2023 to $165k in 2018.

Exports from Kuwait (Flag) to Algeria (Flag) (2023)

Exports from Algeria (Flag) to Kuwait (Flag) (2023)

Latest Data

Trade between Kuwait (Flag) and Algeria (Flag)

Kuwait Exports

Algeria Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$17.4B
Algeria
Top Destination
Italy$15.2B

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

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

In 2023, countries that imported more from Algeria than Kuwait included Italy ($15.2B), Spain ($6.73B), and France ($7.29B).

Difference in imports from Algeria (Flag) and Kuwait (Flag) (2023)

Comparative Advantage Kuwait - Algeria

Flow
Scale

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

During 2023, Kuwait had a large net trade with Algeria in the exports of Plastics and Rubbers ($9.44M), Chemical Products ($5.34M), and Transportation ($437k).

During 2018, Algeria had a large net trade with Kuwait in the exports of Animal and Vegetable Bi-Products ($96.6k), Foodstuffs ($48k), and Stone And Glass ($7.63k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kuwait Algeria+$2.56MEthylene Polymers
Top Product Potential Algeria Kuwait+$134kTropical 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

This visualization shows the product space at the HS4 level with the flags of Kuwait and Algeria. This means that a dot/product with the flag of Kuwait indicates it has a comparative advantage over Algeria. Similarly, a dot/product with the flag of Algeria indicates it has a comparative advantage over Kuwait.

Product Space of Kuwait (Flag) and Algeria (Flag) (2023)

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