Kuwait (KWT) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Kuwait-Portugal Trade: In 2023, Kuwait exported $48.9M to Portugal. The main products that Kuwait exported to Portugal were Refined Petroleum ($30.3M), Sulfonated, Nitrated or Nitrosated Hydrocarbons ($10.2M), and Ethylene Polymers ($4.23M). Over the past 5 years the exports of Kuwait to Portugal have decreased at an annualized rate of 15.2%, from $111M in 2018 to $48.9M in 2023.

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

Portugal-Kuwait Trade: In 2023, Portugal exported $88.3M to Kuwait. The main products that Portugal exported to Kuwait were Rolled Tobacco ($9.74M), Cars ($9.28M), and Building Stone ($7.36M). Over the past 5 years the exports of Portugal to Kuwait have increased at an annualized rate of 6.73%, from $63.8M in 2018 to $88.3M in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $48.9M to Portugal. The main products exported from Kuwait to Portugal were Refined Petroleum ($30.3M), Sulfonated, Nitrated or Nitrosated Hydrocarbons ($10.2M), and Ethylene Polymers ($4.23M). During the last 5 years the exports of Kuwait to Portugal have decreased at an annualized rate of 15.2%, from $111M in 2018 to $48.9M in 2023.

In 2018, Portugal exported $88.3M to Kuwait. The main products exported from Portugal to Kuwait were Rolled Tobacco ($9.74M), Cars ($9.28M), and Building Stone ($7.36M). During the last 5 years the exports of Portugal to Kuwait have increased at an annualized rate of 6.73%, from $63.8M in 2023 to $88.3M in 2018.

Exports from Kuwait () to Portugal () (2023)

Exports from Portugal () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Portugal ()

Kuwait Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Portugal
Top DestinationSpain$17.7B

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

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

In 2023, countries that imported more from Portugal than Kuwait included Spain ($17.7B), Germany ($8.12B), and France ($9.19B).

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

Comparative Advantage Kuwait - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Portugal in the exports of Mineral Products ($30.3M), Chemical Products ($10.2M), and Plastics and Rubbers ($5.32M).

During 2018, Portugal had a large net trade with Kuwait in the exports of Textiles ($25.8M), Foodstuffs ($14.5M), and Transportation ($10M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Portugal+$3.98MCyclic Hydrocarbons

Top Product Potential Portugal Kuwait+$5.21MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Portugal () (2023)

Exports from Portugal () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Portugal ()

Kuwait Exports

Portugal Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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