Kuwait (KWT) and Peru (PER) Trade | The Observatory of Economic Complexity

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Kuwait-Peru Trade: In 2022, Kuwait exported $7.09M to Peru. The main products that Kuwait exported to Peru were Large Construction Vehicles ($4.89M), Sodium or Potassium Peroxides ($1.81M), and Motor vehicles; parts and accessories (8701 to 8705) ($349k). Over the past 5 years the exports of Kuwait to Peru have increased at an annualized rate of 475%, from $1.13k in 2017 to $7.09M in 2022.

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

Peru-Kuwait Trade: In 2022, Peru exported $11.9M to Kuwait. The main products that Peru exported to Kuwait were Other Vegetables ($2.19M), Knit T-shirts ($1.35M), and Raw Zinc ($1.17M). Over the past 5 years the exports of Peru to Kuwait have increased at an annualized rate of 29.8%, from $3.24M in 2017 to $11.9M in 2022.

In 2022, Peru 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, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kuwait exported $7.09M to Peru. The main products exported from Kuwait to Peru were Large Construction Vehicles ($4.89M), Sodium or Potassium Peroxides ($1.81M), and Motor vehicles; parts and accessories (8701 to 8705) ($349k). During the last 5 years the exports of Kuwait to Peru have increased at an annualized rate of 475%, from $1.13k in 2017 to $7.09M in 2022.

In 2017, Peru exported $11.9M to Kuwait. The main products exported from Peru to Kuwait were Other Vegetables ($2.19M), Knit T-shirts ($1.35M), and Raw Zinc ($1.17M). During the last 5 years the exports of Peru to Kuwait have increased at an annualized rate of 29.8%, from $3.24M in 2022 to $11.9M in 2017.

Exports from Kuwait () to Peru () (2022)

Exports from Peru () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Peru ()

Kuwait Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Peru
Top DestinationChina$17.6B

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

In 2022, countries that imported more from Kuwait than Peru included India ($15B), South Korea ($10.8B), and Chinese Taipei ($7.34B).

In 2022, countries that imported more from Peru than Kuwait included United States ($8.69B), Canada ($2.69B), and Switzerland ($2.08B).

Difference in imports from Peru () and Kuwait () (2022)

Comparative Advantage Kuwait - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Peru in the exports of Machines ($4.89M), Chemical Products ($1.84M), and Transportation ($349k).

During 2017, Peru had a large net trade with Kuwait in the exports of Vegetable Products ($5.55M), Textiles ($3.29M), and Metals ($1.21M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Peru+$344kMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Peru Kuwait+$1.36MKnit T-shirts

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Peru () (2022)

Exports from Peru () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Peru ()

Kuwait Exports

Peru Exports

Market Competitiveness

Difference in imports from Peru () and Kuwait () (2022)

Comparative Advantage Kuwait - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Kuwait () and Peru () (2022)

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