Kuwait (KWT) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Kuwait-Russia Trade: In 2022, Kuwait exported $2.63M to Russia. The main products that Kuwait exported to Russia were Surveying Equipment ($1.1M), Video Displays ($475k), and Motor vehicles; parts and accessories (8701 to 8705) ($235k). Over the past 5 years the exports of Kuwait to Russia have decreased at an annualized rate of 53.8%, from $125M in 2017 to $2.63M in 2022.

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

Russia-Kuwait Trade: In 2022, Russia exported $356M to Kuwait. The main products that Russia exported to Kuwait were Iron Pipes ($124M), Copper Wire ($97.9M), and Chocolate ($26.7M). Over the past 5 years the exports of Russia to Kuwait have decreased at an annualized rate of 13.8%, from $745M in 2017 to $356M in 2022.

In 2020, Russia exported services to Kuwait worth $19.7M, with Other business services ($16.4M), Computer and information services ($1.67M), and Communications services ($1.03M) being the largest in terms of value.

Comparison: In 2022, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kuwait exported $2.63M to Russia. The main products exported from Kuwait to Russia were Surveying Equipment ($1.1M), Video Displays ($475k), and Motor vehicles; parts and accessories (8701 to 8705) ($235k). During the last 5 years the exports of Kuwait to Russia have decreased at an annualized rate of 53.8%, from $125M in 2017 to $2.63M in 2022.

In 2017, Russia exported $356M to Kuwait. The main products exported from Russia to Kuwait were Iron Pipes ($124M), Copper Wire ($97.9M), and Chocolate ($26.7M). During the last 5 years the exports of Russia to Kuwait have decreased at an annualized rate of 13.8%, from $745M in 2022 to $356M in 2017.

Exports from Kuwait () to Russia () (2022)

Exports from Russia () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Russia ()

Kuwait Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Kuwait than Russia included Vietnam ($5.7B), Pakistan ($3.97B), and Saudi Arabia ($2.75B).

In 2022, countries that imported more from Russia than Kuwait included China ($101B), Germany ($27.7B), and India ($40.4B).

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

Comparative Advantage Kuwait - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Russia in the exports of Instruments ($1.1M), Machines ($980k), and Transportation ($391k).

During 2017, Russia had a large net trade with Kuwait in the exports of Metals ($235M), Foodstuffs ($40.7M), and Machines ($24.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Russia+$1.32MTelephones

Top Product Potential Russia Kuwait+$4.06MRefined Petroleum

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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Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Kuwait worth $19.7M, with Other business services ($16.4M), Computer and information services ($1.67M), and Communications services ($1.03M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Kuwait () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Kuwait and Russia. This means that a dot/product with the flag of Kuwait indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Kuwait.

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Russia () (2022)

Exports from Russia () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Russia ()

Kuwait Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Russia () to Kuwait () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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