Kuwait (KWT) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Kuwait-Ireland Trade: In 2023, Kuwait exported $292M to Ireland. The main products that Kuwait exported to Ireland were Refined Petroleum ($291M), Jewellery ($938k), and Base Metal Watches ($151k). Over the past 5 years the exports of Kuwait to Ireland have decreased at an annualized rate of 1.21%, from $310M in 2018 to $292M in 2023.

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

Ireland-Kuwait Trade: In 2023, Ireland exported $307M to Kuwait. The main products that Ireland exported to Kuwait were Packaged Medicaments ($68M), Medical Instruments ($51.3M), and Flavored Water ($40.9M). Over the past 5 years the exports of Ireland to Kuwait have increased at an annualized rate of 8.45%, from $204M in 2018 to $307M in 2023.

In 2023, Ireland 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $292M to Ireland. The main products exported from Kuwait to Ireland were Refined Petroleum ($291M), Jewellery ($938k), and Base Metal Watches ($151k). During the last 5 years the exports of Kuwait to Ireland have decreased at an annualized rate of 1.21%, from $310M in 2018 to $292M in 2023.

In 2018, Ireland exported $307M to Kuwait. The main products exported from Ireland to Kuwait were Packaged Medicaments ($68M), Medical Instruments ($51.3M), and Flavored Water ($40.9M). During the last 5 years the exports of Ireland to Kuwait have increased at an annualized rate of 8.45%, from $204M in 2023 to $307M in 2018.

Exports from Kuwait () to Ireland () (2023)

Exports from Ireland () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Ireland ()

Kuwait Exports

Date

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Ireland
Top DestinationUnited States$67.4B

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

In 2023, countries that imported more from Kuwait than Ireland included India ($9.51B), Chinese Taipei ($4.74B), and Japan ($9.13B).

In 2023, countries that imported more from Ireland than Kuwait included United States ($67.4B), Germany ($26.7B), and Belgium ($18.7B).

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

Comparative Advantage Kuwait - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Ireland in the exports of Mineral Products ($291M), Precious Metals ($938k), and Instruments ($283k).

During 2018, Ireland had a large net trade with Kuwait in the exports of Chemical Products ($95.7M), Foodstuffs ($77.7M), and Instruments ($74.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Ireland+$30.1MRefined Petroleum

Top Product Potential Ireland Kuwait+$19.8MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Ireland () (2023)

Exports from Ireland () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Ireland ()

Kuwait Exports

Ireland Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Ireland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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