Kuwait (KWT) and Norway (NOR) Trade | The Observatory of Economic Complexity

About

Kuwait-Norway Trade: In 2023, Kuwait exported $88M to Norway. The main products that Kuwait exported to Norway were Refined Petroleum ($87.2M), Ferroalloys ($563k), and Surveying Equipment ($148k). Over the past 5 years the exports of Kuwait to Norway have increased at an annualized rate of 127%, from $1.48M in 2018 to $88M in 2023.

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

Norway-Kuwait Trade: In 2023, Norway exported $41.8M to Kuwait. The main products that Norway exported to Kuwait were Non-fillet Fresh Fish ($11.8M), Fish Fillets ($7.47M), and Packaged Medicaments ($2M). Over the past 5 years the exports of Norway to Kuwait have decreased at an annualized rate of 5.78%, from $56.3M in 2018 to $41.8M in 2023.

In 2023, Norway 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $88M to Norway. The main products exported from Kuwait to Norway were Refined Petroleum ($87.2M), Ferroalloys ($563k), and Surveying Equipment ($148k). During the last 5 years the exports of Kuwait to Norway have increased at an annualized rate of 127%, from $1.48M in 2018 to $88M in 2023.

In 2018, Norway exported $41.8M to Kuwait. The main products exported from Norway to Kuwait were Non-fillet Fresh Fish ($11.8M), Fish Fillets ($7.47M), and Packaged Medicaments ($2M). During the last 5 years the exports of Norway to Kuwait have decreased at an annualized rate of 5.78%, from $56.3M in 2023 to $41.8M in 2018.

Exports from Kuwait () to Norway () (2023)

Exports from Norway () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Norway ()

Kuwait Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Norway
Top DestinationGermany$33.8B

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

In 2023, countries that imported more from Kuwait than Norway included China ($17.4B), India ($9.51B), and Japan ($9.13B).

In 2023, countries that imported more from Norway than Kuwait included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

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

Comparative Advantage Kuwait - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Norway in the exports of Mineral Products ($87.2M), Metals ($570k), and Instruments ($152k).

During 2018, Norway had a large net trade with Kuwait in the exports of Animal Products ($21.1M), Machines ($6.86M), and Chemical Products ($4.24M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Norway+$234kSurveying Equipment

Top Product Potential Norway Kuwait+$2.63MPackaged 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Norway () (2023)

Exports from Norway () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Norway ()

Kuwait Exports

Norway Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Norway

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring