Kuwait (KWT) and Slovakia (SVK) Trade | The Observatory of Economic Complexity

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Kuwait-Slovakia Trade: In 2022, Kuwait exported $1.07M to Slovakia. The main products that Kuwait exported to Slovakia were Ethylene Polymers ($1.07M), Beauty Products ($731), and Used Clothing ($577). Over the past 5 years the exports of Kuwait to Slovakia have increased at an annualized rate of 27.5%, from $319k in 2017 to $1.07M in 2022.

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

Slovakia-Kuwait Trade: In 2022, Slovakia exported $216M to Kuwait. The main products that Slovakia exported to Kuwait were Cars ($151M), Motor vehicles; parts and accessories (8701 to 8705) ($9.7M), and Dental Products ($9.64M). Over the past 5 years the exports of Slovakia to Kuwait have increased at an annualized rate of 5.09%, from $92.8M in 2017 to $216M in 2022.

In 2022, Slovakia 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, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kuwait exported $1.07M to Slovakia. The main products exported from Kuwait to Slovakia were Ethylene Polymers ($1.07M), Beauty Products ($731), and Used Clothing ($577). During the last 5 years the exports of Kuwait to Slovakia have increased at an annualized rate of 27.5%, from $319k in 2017 to $1.07M in 2022.

In 2017, Slovakia exported $216M to Kuwait. The main products exported from Slovakia to Kuwait were Cars ($151M), Motor vehicles; parts and accessories (8701 to 8705) ($9.7M), and Dental Products ($9.64M). During the last 5 years the exports of Slovakia to Kuwait have increased at an annualized rate of 5.09%, from $92.8M in 2022 to $216M in 2017.

Exports from Kuwait () to Slovakia () (2022)

Exports from Slovakia () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Slovakia ()

Kuwait Exports

Date

Slovakia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Slovakia
Top DestinationGermany$22.2B

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

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

In 2022, countries that imported more from Slovakia than Kuwait included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

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

Comparative Advantage Kuwait - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Slovakia in the exports of Plastics and Rubbers ($1.07M), Textiles ($1.16k), and Chemical Products ($1.14k).

During 2017, Slovakia had a large net trade with Kuwait in the exports of Transportation ($161M), Machines ($17.1M), and Paper Goods ($13M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Slovakia+$1.01MEthylene Polymers

Top Product Potential Slovakia Kuwait+$46.4MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Slovakia () (2022)

Exports from Slovakia () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Slovakia ()

Kuwait Exports

Slovakia Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Slovakia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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