Kuwait (KWT) and Papua New Guinea (PNG) Trade | The Observatory of Economic Complexity

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Kuwait-Papua New Guinea Trade: In 2023, Kuwait exported $727k to Papua New Guinea. The main products that Kuwait exported to Papua New Guinea were Excavation Machinery ($673k), Chemical Analysis Instruments ($48.8k), and Machinery Having Individual Functions ($5.07k). Over the past 8 years the exports of Kuwait to Papua New Guinea have increased at an annualized rate of 40%, from $49.2k in 2015 to $727k in 2023.

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

Papua New Guinea-Kuwait Trade: In 2023, Papua New Guinea exported $879 to Kuwait. The main products that Papua New Guinea exported to Kuwait were Motor vehicles; parts and accessories (8701 to 8705) ($879). Over the past 8 years the exports of Papua New Guinea to Kuwait have decreased at an annualized rate of 54.4%, from $44.7k in 2015 to $879 in 2023.

In 2023, Papua New Guinea 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, Papua New Guinea ranked 127 in the Economic Complexity Index (ECI -1.63), and 93 in total exports ($12.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $727k to Papua New Guinea. The main products exported from Kuwait to Papua New Guinea were Excavation Machinery ($673k), Chemical Analysis Instruments ($48.8k), and Machinery Having Individual Functions ($5.07k). During the last 8 years the exports of Kuwait to Papua New Guinea have increased at an annualized rate of 40%, from $49.2k in 2015 to $727k in 2023.

In 2018, Papua New Guinea exported $879 to Kuwait. The main products exported from Papua New Guinea to Kuwait were Motor vehicles; parts and accessories (8701 to 8705) ($879). During the last 5 years the exports of Papua New Guinea to Kuwait have decreased at an annualized rate of 54.4%, from $44.7k in 2023 to $879 in 2018.

Exports from Kuwait () to Papua New Guinea () (2023)

Exports from Papua New Guinea () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Papua New Guinea ()

Kuwait Exports

Date

Sep 2015

Mar 2015

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Papua New Guinea
Top DestinationChina$3.55B

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

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

In 2023, countries that imported more from Papua New Guinea than Kuwait included Australia ($2.07B), Finland ($85.1M), and Brunei ($23.1M).

Difference in imports from Papua New Guinea () and Kuwait () (2023)

Comparative Advantage Kuwait - Papua New Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Papua New Guinea in the exports of Machines ($678k) and Instruments ($48.8k).

During 2018, Papua New Guinea had a large net trade with Kuwait in the exports of Transportation ($879).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Papua New Guinea+$61.6kCars

Top Product Potential Papua New Guinea Kuwait+$28.5kValves

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Papua New Guinea () (2023)

Exports from Papua New Guinea () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Papua New Guinea ()

Kuwait Exports

Market Competitiveness

Difference in imports from Papua New Guinea () and Kuwait () (2023)

Comparative Advantage Kuwait - Papua New Guinea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Kuwait () and Papua New Guinea () (2023)

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