Sign In
Pricing

2022
Flag → Flag
Exports $111MRnk 39 / 156
2022
Flag → Flag
Top Product $111MRefined Petroleum
2022
Flag → Flag
Exports $674kRnk 80 / 160
2022
Flag → Flag
Top Product $482kWater
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag  
GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 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$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Kuwait-Iceland Trade: In 2022, Kuwait exported $111M to Iceland. The main products that Kuwait exported to Iceland were Refined Petroleum ($111M), Ice Cream ($2.34k), and Non-Knit Women's Suits ($326). Over the past 6 years the exports of Kuwait to Iceland have increased at an annualized rate of 530%, from $1.77k in 2016 to $111M in 2022.

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

Iceland-Kuwait Trade: In 2022, Iceland exported $674k to Kuwait. The main products that Iceland exported to Kuwait were Water ($482k), Motor vehicles; parts and accessories (8701 to 8705) ($27k), and Packaged Medicaments ($22.1k). Over the past 6 years the exports of Iceland to Kuwait have decreased at an annualized rate of 7.82%,  from $1.01M in 2016 to $674k in 2022.

In 2022, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $111M to Iceland. The main products exported from Kuwait to Iceland were Refined Petroleum ($111M), Ice Cream ($2.34k), and Non-Knit Women's Suits ($326). During the last 6 years the exports of Kuwait to Iceland have increased at an annualized rate of 530%, from $1.77k in 2016 to $111M in 2022.

In 2017, Iceland exported $674k to Kuwait. The main products exported from Iceland to Kuwait were Water ($482k), Motor vehicles; parts and accessories (8701 to 8705) ($27k), and Packaged Medicaments ($22.1k). During the last 5 years the exports of Iceland to Kuwait have decreased at an annualized rate of 7.82%, from $1.01M in 2022 to $674k in 2017.

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

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

Latest Data

Trade between Kuwait (Flag) and Iceland (Flag)

Iceland Exports

Market Competitiveness

Color
Kuwait
Top DestinationChina$24.3B
Iceland
Top DestinationNetherlands$1.97B

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

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

In 2022, countries that imported more from Iceland than Kuwait included Netherlands ($1.97B), Germany ($573M), and Norway ($459M).

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

Comparative Advantage Kuwait - Iceland

Flow
Scale

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

During 2022, Kuwait had a large net trade with Iceland in the exports of Mineral Products ($111M), Foodstuffs ($2.34k), and Textiles ($628).

During 2017, Iceland had a large net trade with Kuwait in the exports of Foodstuffs ($504k), Metals ($39.4k), and Chemical Products ($38.9k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Kuwait and Iceland. This means that a dot/product with the flag of Kuwait indicates it has a comparative advantage over Iceland. Similarly, a dot/product with the flag of Iceland indicates it has a comparative advantage over Kuwait.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms