Kuwait (KWT) and Guinea (GIN) Trade | The Observatory of Economic Complexity

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Kuwait-Guinea Trade: In 2023, Kuwait exported $8.32M to Guinea. The main products that Kuwait exported to Guinea were Aluminium Cans ($6.5M), Organic Composite Solvents ($1.39M), and Cars ($235k). Over the past 5 years the exports of Kuwait to Guinea have increased at an annualized rate of 75.6%, from $498k in 2018 to $8.32M in 2023.

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

Guinea-Kuwait Trade: In 2023, Guinea exported $127k to Kuwait. The main products that Guinea exported to Kuwait were N/A. Over the past 5 years the exports of Guinea to Kuwait have increased at an annualized rate of 33.2%, from $30.3k in 2018 to $127k in 2023.

In 2023, Guinea 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, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $8.32M to Guinea. The main products exported from Kuwait to Guinea were Aluminium Cans ($6.5M), Organic Composite Solvents ($1.39M), and Cars ($235k). During the last 5 years the exports of Kuwait to Guinea have increased at an annualized rate of 75.6%, from $498k in 2018 to $8.32M in 2023.

In 2017, Guinea exported $127k to Kuwait. There were not main exports from Guinea to Kuwait in 2017. During the last 5 years the exports of Guinea to Kuwait have increased at an annualized rate of 33.2%, from $30.3k in 2022 to $127k in 2017.

Exports from Kuwait () to Guinea () (2023)

Exports from Guinea () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Guinea ()

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Guinea
Top DestinationUnited Arab Emirates$9.05B

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

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

In 2023, countries that imported more from Guinea than Kuwait included United Arab Emirates ($9.05B), Switzerland ($241M), and Macau ($11.7M).

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

Comparative Advantage Kuwait - Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Guinea in the exports of Metals ($6.61M), Chemical Products ($1.45M), and Transportation ($258k).

During 2017, Guinea had a large net trade with Kuwait in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Guinea+$630kCars

Top Product Potential Guinea Kuwait+$7.43kOther Pure Vegetable Oils

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Guinea () (2023)

Exports from Guinea () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Guinea ()

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Guinea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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