Kuwait (KWT) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Kuwait-Italy Trade: In 2023, Kuwait exported $575M to Italy. The main products that Kuwait exported to Italy were Refined Petroleum ($510M), Other Measuring Instruments ($27M), and Ethylene Polymers ($6.99M). Over the past 5 years the exports of Kuwait to Italy have increased at an annualized rate of 5.44%, from $441M in 2018 to $575M in 2023.

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

Italy-Kuwait Trade: In 2023, Italy exported $1.28B to Kuwait. The main products that Italy exported to Kuwait were Trunks and Cases ($77.9M), Iron Pipes ($71.6M), and Cars ($62.7M). Over the past 5 years the exports of Italy to Kuwait have decreased at an annualized rate of 2.88%, from $1.48B in 2018 to $1.28B in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $575M to Italy. The main products exported from Kuwait to Italy were Refined Petroleum ($510M), Other Measuring Instruments ($27M), and Ethylene Polymers ($6.99M). During the last 5 years the exports of Kuwait to Italy have increased at an annualized rate of 5.44%, from $441M in 2018 to $575M in 2023.

In 2018, Italy exported $1.28B to Kuwait. The main products exported from Italy to Kuwait were Trunks and Cases ($77.9M), Iron Pipes ($71.6M), and Cars ($62.7M). During the last 5 years the exports of Italy to Kuwait have decreased at an annualized rate of 2.88%, from $1.48B in 2023 to $1.28B in 2018.

Exports from Kuwait () to Italy () (2023)

Exports from Italy () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Italy ()

Kuwait Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Kuwait than Italy included India ($9.51B), Pakistan ($2.13B), and Chinese Taipei ($4.74B).

In 2023, countries that imported more from Italy than Kuwait included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

Comparative Advantage Kuwait - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Italy in the exports of Mineral Products ($510M), Instruments ($29M), and Plastics and Rubbers ($9.26M).

During 2018, Italy had a large net trade with Kuwait in the exports of Machines ($203M), Chemical Products ($170M), and Textiles ($137M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Italy+$118MRefined Petroleum

Top Product Potential Italy Kuwait+$34.4MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Italy () (2023)

Exports from Italy () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Italy ()

Kuwait Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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