Kuwait (KWT) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Kuwait-Spain Trade: In 2022, Kuwait exported $139M to Spain. The main products that Kuwait exported to Spain were Refined Petroleum ($83.3M), Cyclic Hydrocarbons ($16M), and Gas Turbines ($13.3M). Over the past 5 years the exports of Kuwait to Spain have increased at an annualized rate of 9.31%, from $89.1M in 2017 to $139M in 2022.

In 2022, Kuwait did not export any services to Spain.

Spain-Kuwait Trade: In 2022, Spain exported $712M to Kuwait. The main products that Spain exported to Kuwait were Vaccines, blood, antisera, toxins and cultures ($140M), Gas Turbines ($35.3M), and Packaged Medicaments ($27.4M). Over the past 5 years the exports of Spain to Kuwait have increased at an annualized rate of 7.67%, from $492M in 2017 to $712M in 2022.

In 2022, Spain did not export any services to Kuwait.

Comparison: In 2022, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kuwait exported $139M to Spain. The main products exported from Kuwait to Spain were Refined Petroleum ($83.3M), Cyclic Hydrocarbons ($16M), and Gas Turbines ($13.3M). During the last 5 years the exports of Kuwait to Spain have increased at an annualized rate of 9.31%, from $89.1M in 2017 to $139M in 2022.

In 2017, Spain exported $712M to Kuwait. The main products exported from Spain to Kuwait were Vaccines, blood, antisera, toxins and cultures ($140M), Gas Turbines ($35.3M), and Packaged Medicaments ($27.4M). During the last 5 years the exports of Spain to Kuwait have increased at an annualized rate of 7.67%, from $492M in 2022 to $712M in 2017.

Exports from Kuwait () to Spain () (2022)

Exports from Spain () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Spain ()

Kuwait Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Kuwait than Spain included China ($24.3B), India ($15B), and South Korea ($10.8B).

In 2022, countries that imported more from Spain than Kuwait included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

Difference in imports from Spain () and Kuwait () (2022)

Comparative Advantage Kuwait - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Spain in the exports of Mineral Products ($83.3M), Chemical Products ($18.6M), and Machines ($15.5M).

During 2017, Spain had a large net trade with Kuwait in the exports of Chemical Products ($230M), Machines ($107M), and Textiles ($91.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Spain+$75.2MRefined Petroleum

Top Product Potential Spain Kuwait+$23.2MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Spain () (2022)

Exports from Spain () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Spain ()

Kuwait Exports

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Kuwait () (2022)

Comparative Advantage Kuwait - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Kuwait () and Spain () (2022)

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