Kuwait (KWT) and New Zealand (NZL) Trade | The Observatory of Economic Complexity

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Kuwait-New Zealand Trade: In 2023, Kuwait exported $7.63M to New Zealand. The main products that Kuwait exported to New Zealand were Petroleum Coke ($7.55M), Engine Parts ($28.4k), and Glass Fibers ($25.3k). Over the past 5 years the exports of Kuwait to New Zealand have decreased at an annualized rate of 6.1%, from $10.5M in 2018 to $7.63M in 2023.

In 2023, Kuwait did not export any services to New Zealand.

New Zealand-Kuwait Trade: In 2023, New Zealand exported $84.5M to Kuwait. The main products that New Zealand exported to Kuwait were Concentrated Milk ($28.2M), Butter ($24.6M), and Bovine Meat ($4.91M). Over the past 5 years the exports of New Zealand to Kuwait have increased at an annualized rate of 3.21%, from $65.7M in 2018 to $84.5M in 2023.

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

Comparison: In 2023, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). That same year, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $7.63M to New Zealand. The main products exported from Kuwait to New Zealand were Petroleum Coke ($7.55M), Engine Parts ($28.4k), and Glass Fibers ($25.3k). During the last 5 years the exports of Kuwait to New Zealand have decreased at an annualized rate of 6.1%, from $10.5M in 2018 to $7.63M in 2023.

In 2018, New Zealand exported $84.5M to Kuwait. The main products exported from New Zealand to Kuwait were Concentrated Milk ($28.2M), Butter ($24.6M), and Bovine Meat ($4.91M). During the last 5 years the exports of New Zealand to Kuwait have increased at an annualized rate of 3.21%, from $65.7M in 2023 to $84.5M in 2018.

Exports from Kuwait () to New Zealand () (2023)

Exports from New Zealand () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and New Zealand ()

Kuwait Exports

Date

New Zealand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

New Zealand
Top DestinationChina$12.3B

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

In 2023, countries that imported more from New Zealand than Kuwait included Australia ($5.2B), United States ($5.42B), and South Korea ($1.37B).

Difference in imports from New Zealand () and Kuwait () (2023)

Comparative Advantage Kuwait - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with New Zealand in the exports of Mineral Products ($7.55M), Machines ($28.4k), and Stone And Glass ($25.3k).

During 2018, New Zealand had a large net trade with Kuwait in the exports of Animal Products ($68.9M), Foodstuffs ($7.41M), and Vegetable Products ($4.88M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Nzl Year

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 () to Kuwait () (2018)

Service Trade

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to New Zealand () (2023)

Exports from New Zealand () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and New Zealand ()

Kuwait Exports

New Zealand Exports

Market Competitiveness

Difference in imports from New Zealand () and Kuwait () (2023)

Comparative Advantage Kuwait - New Zealand

Potential Exports

Potential Exports

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Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Kuwait () and New Zealand () (2023)

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