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Pricing

2022
Flag → Flag
Exports $14.8MRnk 70 / 156
2022
Flag → Flag
Top Product $14.7MPetroleum Coke
2022
Flag → Flag
Exports $124MRnk 36 / 210
2022
Flag → Flag
Top Product $53.3MConcentrated Milk
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.46Rnk 45 / 133
2022
Flag  
GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH40.3%CURRENT US$
Rnk 82 / 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$48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 86 / 186

About

Kuwait-New Zealand Trade: In 2022, Kuwait exported $14.8M to New Zealand. The main products that Kuwait exported to New Zealand were Petroleum Coke ($14.7M), Motor vehicles; parts and accessories (8701 to 8705) ($49.2k), and Engine Parts ($44.5k). Over the past 5 years the exports of Kuwait to New Zealand have decreased at an annualized rate of 7.01%, from $21.3M in 2017 to $14.8M in 2022.

In 2022, Kuwait did not export any services to New Zealand.

New Zealand-Kuwait Trade: In 2022, New Zealand exported $124M to Kuwait. The main products that New Zealand exported to Kuwait were Concentrated Milk ($53.3M), Butter ($28.6M), and Bovine Meat ($7.57M). Over the past 5 years the exports of New Zealand to Kuwait have increased at an annualized rate of 2.66%,  from $109M in 2017 to $124M in 2022.

In 2018, New Zealand exported services to Kuwait worth $16.6M, with Travel ($16.6M) being the largest in terms of value.

Comparison: In 2022,  Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). That same year, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $14.8M to New Zealand. The main products exported from Kuwait to New Zealand were Petroleum Coke ($14.7M), Motor vehicles; parts and accessories (8701 to 8705) ($49.2k), and Engine Parts ($44.5k). During the last 5 years the exports of Kuwait to New Zealand have decreased at an annualized rate of 7.01%, from $21.3M in 2017 to $14.8M in 2022.

In 2017, New Zealand exported $124M to Kuwait. The main products exported from New Zealand to Kuwait were Concentrated Milk ($53.3M), Butter ($28.6M), and Bovine Meat ($7.57M). During the last 5 years the exports of New Zealand to Kuwait have increased at an annualized rate of 2.66%, from $109M in 2022 to $124M in 2017.

Exports from Kuwait (Flag) to New Zealand (Flag) (2022)

Exports from New Zealand (Flag) to Kuwait (Flag) (2022)

Latest Data

Trade between Kuwait (Flag) and New Zealand (Flag)

Kuwait Exports

New Zealand Exports

Market Competitiveness

Color
Kuwait
Top DestinationChina$24.3B
New Zealand
Top DestinationChina$13.1B

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

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

In 2022, countries that imported more from New Zealand than Kuwait included Australia ($5.35B), United States ($5.07B), and Indonesia ($1.33B).

Difference in imports from New Zealand (Flag) and Kuwait (Flag) (2022)

Comparative Advantage Kuwait - New Zealand

Flow
Scale

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

During 2022, Kuwait had a large net trade with New Zealand in the exports of Mineral Products ($14.7M), Transportation ($49.2k), and Machines ($46.7k).

During 2017, New Zealand had a large net trade with Kuwait in the exports of Animal Products ($105M), Vegetable Products ($7.85M), and Foodstuffs ($5.52M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kuwait New Zealand+$105kMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential New Zealand Kuwait+$2.17MCheese

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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Bilateral Service Trade

In 2018, New Zealand exported services to Kuwait worth $16.6M, with Travel ($16.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from New Zealand (Flag) to Kuwait (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Kuwait (Flag) and New Zealand (Flag) (2022)

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