Kuwait (KWT) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Kuwait-Georgia Trade: In 2022, Kuwait exported $15.7k to Georgia. The main products that Kuwait exported to Georgia were Cars ($15.3k), Beauty Products ($59), and Spices ($56). Over the past 5 years the exports of Kuwait to Georgia have decreased at an annualized rate of 26.2%, from $71.9k in 2017 to $15.7k in 2022.

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

Georgia-Kuwait Trade: In 2022, Georgia exported $6.56M to Kuwait. The main products that Georgia exported to Kuwait were Sheep and Goat Meat ($2.72M), Knit T-shirts ($590k), and Bovine Meat ($581k). Over the past 5 years the exports of Georgia to Kuwait have increased at an annualized rate of 27.6%, from $1.94M in 2017 to $6.56M in 2022.

In 2022, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kuwait exported $15.7k to Georgia. The main products exported from Kuwait to Georgia were Cars ($15.3k), Beauty Products ($59), and Spices ($56). During the last 5 years the exports of Kuwait to Georgia have decreased at an annualized rate of 26.2%, from $71.9k in 2017 to $15.7k in 2022.

In 2017, Georgia exported $6.56M to Kuwait. The main products exported from Georgia to Kuwait were Sheep and Goat Meat ($2.72M), Knit T-shirts ($590k), and Bovine Meat ($581k). During the last 5 years the exports of Georgia to Kuwait have increased at an annualized rate of 27.6%, from $1.94M in 2022 to $6.56M in 2017.

Exports from Kuwait () to Georgia () (2022)

Exports from Georgia () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Georgia ()

Kuwait Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Georgia
Top DestinationChina$759M

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

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

In 2022, countries that imported more from Georgia than Kuwait included Azerbaijan ($668M), Russia ($642M), and Armenia ($571M).

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

Comparative Advantage Kuwait - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Georgia in the exports of Transportation ($15.3k), Foodstuffs ($151), and Machines ($89).

During 2017, Georgia had a large net trade with Kuwait in the exports of Animal Products ($3.32M), Textiles ($2.22M), and Instruments ($425k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Georgia+$165kCars

Top Product Potential Georgia Kuwait+$740kKnit T-shirts

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Georgia () (2022)

Exports from Georgia () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Georgia ()

Kuwait Exports

Georgia Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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