2022
Flag  
GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC 
$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH
-15.7%CURRENT US$
Rnk 166 / 186
2022
Flag
GDP PC
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186

About

Kuwait-India Trade: In 2022, Kuwait exported $15B to India. The main products that Kuwait exported to India were Crude Petroleum ($9.12B), Petroleum Gas ($2.2B), and Acyclic Alcohols ($1.51B). Over the past 5 years the exports of Kuwait to India have increased at an annualized rate of 18.6%, from $6.4B in 2017 to $15B in 2022.

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

India-Kuwait Trade: In 2022, India exported $2.49B to Kuwait. The main products that India exported to Kuwait were Rice ($176M), Jewellery ($161M), and Cyclic Hydrocarbons ($125M). Over the past 5 years the exports of India to Kuwait have increased at an annualized rate of 10.3%,  from $1.52B in 2017 to $2.49B in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $15B to India. The main products exported from Kuwait to India were Crude Petroleum ($9.12B), Petroleum Gas ($2.2B), and Acyclic Alcohols ($1.51B). During the last 5 years the exports of Kuwait to India have increased at an annualized rate of 18.6%, from $6.4B in 2017 to $15B in 2022.

In 2017, India exported $2.49B to Kuwait. The main products exported from India to Kuwait were Rice ($176M), Jewellery ($161M), and Cyclic Hydrocarbons ($125M). During the last 5 years the exports of India to Kuwait have increased at an annualized rate of 10.3%, from $1.52B in 2022 to $2.49B in 2017.

Exports from Kuwait (Flag) to India (Flag) (2022)

Exports from India (Flag) to Kuwait (Flag) (2022)

Latest Data

Trade between Kuwait (Flag) and India (Flag)

Kuwait Exports

India Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$24.3B
India
Top Destination
United States$82.9B

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

In 2022, countries that imported more from Kuwait than India included China ($24.3B), Chinese Taipei ($7.34B), and Pakistan ($3.97B).

In 2022, countries that imported more from India than Kuwait included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

Difference in imports from India (Flag) and Kuwait (Flag) (2022)

Comparative Advantage Kuwait - India

Flow
Scale

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

During 2022, Kuwait had a large net trade with India in the exports of Mineral Products ($11.6B), Chemical Products ($2.54B), and Metals ($295M).

During 2017, India had a large net trade with Kuwait in the exports of Machines ($475M), Vegetable Products ($388M), and Textiles ($278M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kuwait India+$1.39BCrude Petroleum
Top Product Potential India Kuwait+$54.5MCars

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

Product Space of Kuwait (Flag) and India (Flag) (2022)

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