Kuwait (KWT) and Philippines (PHL) Trade | The Observatory of Economic Complexity

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Kuwait-Philippines Trade: In 2022, Kuwait exported $198M to Philippines. The main products that Kuwait exported to Philippines were Petroleum Gas ($88.9M), Crude Petroleum ($68M), and Refined Petroleum ($33M). Over the past 5 years the exports of Kuwait to Philippines have decreased at an annualized rate of 27%, from $956M in 2017 to $198M in 2022.

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

Philippines-Kuwait Trade: In 2022, Philippines exported $137M to Kuwait. The main products that Philippines exported to Kuwait were Bananas ($16.1M), Office Machine Parts ($11.6M), and Motor vehicles; parts and accessories (8701 to 8705) ($5.53M). Over the past 5 years the exports of Philippines to Kuwait have increased at an annualized rate of 8.98%, from $88.9M in 2017 to $137M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kuwait exported $198M to Philippines. The main products exported from Kuwait to Philippines were Petroleum Gas ($88.9M), Crude Petroleum ($68M), and Refined Petroleum ($33M). During the last 5 years the exports of Kuwait to Philippines have decreased at an annualized rate of 27%, from $956M in 2017 to $198M in 2022.

In 2017, Philippines exported $137M to Kuwait. The main products exported from Philippines to Kuwait were Bananas ($16.1M), Office Machine Parts ($11.6M), and Motor vehicles; parts and accessories (8701 to 8705) ($5.53M). During the last 5 years the exports of Philippines to Kuwait have increased at an annualized rate of 8.98%, from $88.9M in 2022 to $137M in 2017.

Exports from Kuwait () to Philippines () (2022)

Exports from Philippines () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Philippines ()

Kuwait Exports

Date

Philippines Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Philippines
Top DestinationUnited States$15.5B

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

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

In 2022, countries that imported more from Philippines than Kuwait included United States ($15.5B), Hong Kong ($12.6B), and Singapore ($7.07B).

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

Comparative Advantage Kuwait - Philippines

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Philippines in the exports of Mineral Products ($190M), Metals ($2.96M), and Textiles ($1.91M).

During 2017, Philippines had a large net trade with Kuwait in the exports of Machines ($35.3M), Foodstuffs ($22.2M), and Vegetable Products ($21.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Philippines+$1.56MIron Structures

Top Product Potential Philippines Kuwait+$5.7MComputers

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Philippines () (2022)

Exports from Philippines () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Philippines ()

Kuwait Exports

Philippines Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Philippines

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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