Kuwait (KWT) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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Kuwait-Saudi Arabia Trade: In 2023, Kuwait exported $659M to Saudi Arabia. The main products that Kuwait exported to Saudi Arabia were Cars ($105M), Other Prepared Meat ($47.5M), and Prefabricated Buildings ($32.2M). Over the past 5 years the exports of Kuwait to Saudi Arabia have increased at an annualized rate of 2.3%, from $588M in 2018 to $659M in 2023.

In 2023, Kuwait did not export any services to Saudi Arabia.

Saudi Arabia-Kuwait Trade: In 2023, Saudi Arabia exported $2.25B to Kuwait. The main products that Saudi Arabia exported to Kuwait were Sculptures ($204M), Cleaning Products ($179M), and Cheese ($75.6M). Over the past 5 years the exports of Saudi Arabia to Kuwait have decreased at an annualized rate of 0.13%, from $2.26B in 2018 to $2.25B in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $659M to Saudi Arabia. The main products exported from Kuwait to Saudi Arabia were Cars ($105M), Other Prepared Meat ($47.5M), and Prefabricated Buildings ($32.2M). During the last 5 years the exports of Kuwait to Saudi Arabia have increased at an annualized rate of 2.3%, from $588M in 2018 to $659M in 2023.

In 2018, Saudi Arabia exported $2.25B to Kuwait. The main products exported from Saudi Arabia to Kuwait were Sculptures ($204M), Cleaning Products ($179M), and Cheese ($75.6M). During the last 5 years the exports of Saudi Arabia to Kuwait have decreased at an annualized rate of 0.13%, from $2.26B in 2023 to $2.25B in 2018.

Exports from Kuwait () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Saudi Arabia ()

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Kuwait than Saudi Arabia included Iceland ($234M), Ethiopia ($1.33B), and Ireland ($292M).

In 2023, countries that imported more from Saudi Arabia than Kuwait included China ($64.4B), Japan ($34.7B), and India ($34.8B).

Difference in imports from Saudi Arabia () and Kuwait () (2023)

Comparative Advantage Kuwait - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Saudi Arabia in the exports of Transportation ($132M), Foodstuffs ($119M), and Chemical Products ($85.8M).

During 2018, Saudi Arabia had a large net trade with Kuwait in the exports of Chemical Products ($378M), Animal Products ($342M), and Foodstuffs ($258M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Saudi Arabia+$109MCars

Top Product Potential Saudi Arabia Kuwait+$22.4MRefined 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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Saudi Arabia ()

Kuwait Exports

Market Competitiveness

Difference in imports from Saudi Arabia () and Kuwait () (2023)

Comparative Advantage Kuwait - Saudi Arabia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Kuwait () and Saudi Arabia () (2023)

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