Kuwait (KWT) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Kuwait-Sweden Trade: In 2023, Kuwait exported $173M to Sweden. The main products that Kuwait exported to Sweden were Refined Petroleum ($169M), Cast Iron Pipes ($1.64M), and Nickel Pipes ($1.59M). Over the past 5 years the exports of Kuwait to Sweden have increased at an annualized rate of 41.4%, from $30.6M in 2018 to $173M in 2023.

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

Sweden-Kuwait Trade: In 2023, Sweden exported $145M to Kuwait. The main products that Sweden exported to Kuwait were Packaged Medicaments ($44.4M), Cars ($12.3M), and Toilet Paper ($11.8M). Over the past 5 years the exports of Sweden to Kuwait have increased at an annualized rate of 5.28%, from $112M in 2018 to $145M in 2023.

In 2023, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $173M to Sweden. The main products exported from Kuwait to Sweden were Refined Petroleum ($169M), Cast Iron Pipes ($1.64M), and Nickel Pipes ($1.59M). During the last 5 years the exports of Kuwait to Sweden have increased at an annualized rate of 41.4%, from $30.6M in 2018 to $173M in 2023.

In 2018, Sweden exported $145M to Kuwait. The main products exported from Sweden to Kuwait were Packaged Medicaments ($44.4M), Cars ($12.3M), and Toilet Paper ($11.8M). During the last 5 years the exports of Sweden to Kuwait have increased at an annualized rate of 5.28%, from $112M in 2023 to $145M in 2018.

Exports from Kuwait () to Sweden () (2023)

Exports from Sweden () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Sweden ()

Kuwait Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Sweden
Top DestinationGermany$18.4B

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

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

In 2023, countries that imported more from Sweden than Kuwait included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

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

Comparative Advantage Kuwait - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Sweden in the exports of Mineral Products ($169M), Metals ($3.26M), and Plastics and Rubbers ($662k).

During 2018, Sweden had a large net trade with Kuwait in the exports of Chemical Products ($49.9M), Machines ($28.3M), and Paper Goods ($17.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Sweden+$53MRefined Petroleum

Top Product Potential Sweden Kuwait+$19.8MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Sweden () (2023)

Exports from Sweden () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Sweden ()

Kuwait Exports

Sweden Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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