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

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Kuwait-Peru Trade: In 2023, Kuwait exported $3.94k to Peru. The main products that Kuwait exported to Peru were Used Clothing ($3.94k). Over the past 5 years the exports of Kuwait to Peru have decreased at an annualized rate of 56%, from $239k in 2018 to $3.94k in 2023.

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

Peru-Kuwait Trade: In 2023, Peru exported $4.8M to Kuwait. The main products that Peru exported to Kuwait were Other Fruits ($1.23M), Other Vegetables ($382k), and Dried Legumes ($348k). Over the past 5 years the exports of Peru to Kuwait have increased at an annualized rate of 7.9%, from $3.28M in 2018 to $4.8M in 2023.

In 2023, Peru 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, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $3.94k to Peru. The main products exported from Kuwait to Peru were Used Clothing ($3.94k). During the last 5 years the exports of Kuwait to Peru have decreased at an annualized rate of 56%, from $239k in 2018 to $3.94k in 2023.

In 2018, Peru exported $4.8M to Kuwait. The main products exported from Peru to Kuwait were Other Fruits ($1.23M), Other Vegetables ($382k), and Dried Legumes ($348k). During the last 5 years the exports of Peru to Kuwait have increased at an annualized rate of 7.9%, from $3.28M in 2023 to $4.8M in 2018.

Exports from Kuwait () to Peru () (2023)

Exports from Peru () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Peru ()

Kuwait Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Peru
Top DestinationChina$22.5B

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 2023, countries that imported more from Kuwait than Peru included India ($9.51B), Japan ($9.13B), and Chinese Taipei ($4.74B).

In 2023, countries that imported more from Peru than Kuwait included United States ($9.3B), China ($22.5B), and Canada ($3.24B).

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

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 2023, Kuwait had a large net trade with Peru in the exports of Textiles ($3.94k).

During 2018, Peru had a large net trade with Kuwait in the exports of Vegetable Products ($3.33M), Textiles ($730k), and Foodstuffs ($523k).

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 () (2023)

Exports from Peru () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Peru ()

Kuwait Exports

Peru Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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