Kuwait (KWT) and Hong Kong (HKG) Trade | The Observatory of Economic Complexity

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Kuwait-Hong Kong Trade: In 2023, Kuwait exported $80.3M to Hong Kong. The main products that Kuwait exported to Hong Kong were Cyclic Hydrocarbons ($29.1M), Base Metal Watches ($14.5M), and Other Clocks ($14.1M). Over the past 5 years the exports of Kuwait to Hong Kong have decreased at an annualized rate of 3.34%, from $95.1M in 2018 to $80.3M in 2023.

In 2023, Kuwait did not export any services to Hong Kong.

Hong Kong-Kuwait Trade: In 2023, Hong Kong exported $51.9M to Kuwait. The main products that Hong Kong exported to Kuwait were Jewellery ($18.2M), Calculators ($11.9M), and Base Metal Watches ($8.88M). Over the past 5 years the exports of Hong Kong to Kuwait have increased at an annualized rate of 8.17%, from $35M in 2018 to $51.9M in 2023.

In 2023, Hong Kong 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, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $80.3M to Hong Kong. The main products exported from Kuwait to Hong Kong were Cyclic Hydrocarbons ($29.1M), Base Metal Watches ($14.5M), and Other Clocks ($14.1M). During the last 5 years the exports of Kuwait to Hong Kong have decreased at an annualized rate of 3.34%, from $95.1M in 2018 to $80.3M in 2023.

In 2018, Hong Kong exported $51.9M to Kuwait. The main products exported from Hong Kong to Kuwait were Jewellery ($18.2M), Calculators ($11.9M), and Base Metal Watches ($8.88M). During the last 5 years the exports of Hong Kong to Kuwait have increased at an annualized rate of 8.17%, from $35M in 2023 to $51.9M in 2018.

Exports from Kuwait () to Hong Kong () (2023)

Exports from Hong Kong () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Hong Kong ()

Kuwait Exports

Date

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from Kuwait than Hong Kong included Japan ($9.13B), India ($9.51B), and Egypt ($2.78B).

In 2023, countries that imported more from Hong Kong than Kuwait included Vietnam ($14.4B), South Korea ($9.5B), and China ($25.3B).

Difference in imports from Hong Kong () and Kuwait () (2023)

Comparative Advantage Kuwait - Hong Kong

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Hong Kong in the exports of Chemical Products ($29.3M), Instruments ($28.7M), and Machines ($16.6M).

During 2018, Hong Kong had a large net trade with Kuwait in the exports of Precious Metals ($19.6M), Machines ($15.5M), and Instruments ($10.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Hong Kong+$3.84MCars

Top Product Potential Hong Kong Kuwait+$16.1MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Hong Kong () (2023)

Exports from Hong Kong () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Hong Kong ()

Kuwait Exports

Hong Kong Exports

Market Competitiveness

Difference in imports from Hong Kong () and Kuwait () (2023)

Comparative Advantage Kuwait - Hong Kong

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Kuwait () and Hong Kong () (2023)

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