Kuwait (KWT) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Kuwait-Thailand Trade: In 2023, Kuwait exported $614M to Thailand. The main products that Kuwait exported to Thailand were Refined Petroleum ($445M), Petroleum Gas ($155M), and Ethylene Polymers ($10.1M). Over the past 5 years the exports of Kuwait to Thailand have decreased at an annualized rate of 8.07%, from $935M in 2018 to $614M in 2023.

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

Thailand-Kuwait Trade: In 2023, Thailand exported $579M to Kuwait. The main products that Thailand exported to Kuwait were Delivery Trucks ($115M), Cars ($101M), and Wood Fiberboard ($33.4M). Over the past 5 years the exports of Thailand to Kuwait have increased at an annualized rate of 7.46%, from $404M in 2018 to $579M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $614M to Thailand. The main products exported from Kuwait to Thailand were Refined Petroleum ($445M), Petroleum Gas ($155M), and Ethylene Polymers ($10.1M). During the last 5 years the exports of Kuwait to Thailand have decreased at an annualized rate of 8.07%, from $935M in 2018 to $614M in 2023.

In 2018, Thailand exported $579M to Kuwait. The main products exported from Thailand to Kuwait were Delivery Trucks ($115M), Cars ($101M), and Wood Fiberboard ($33.4M). During the last 5 years the exports of Thailand to Kuwait have increased at an annualized rate of 7.46%, from $404M in 2023 to $579M in 2018.

Exports from Kuwait () to Thailand () (2023)

Exports from Thailand () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Thailand ()

Kuwait Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Kuwait than Thailand included Egypt ($2.78B), Ethiopia ($1.33B), and Pakistan ($2.13B).

In 2023, countries that imported more from Thailand than Kuwait included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage Kuwait - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Thailand in the exports of Mineral Products ($600M), Plastics and Rubbers ($10.1M), and Metals ($2.02M).

During 2018, Thailand had a large net trade with Kuwait in the exports of Transportation ($234M), Machines ($76M), and Foodstuffs ($59.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Thailand+$286MCrude Petroleum

Top Product Potential Thailand Kuwait+$38.3MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Thailand () (2023)

Exports from Thailand () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Thailand ()

Kuwait Exports

Thailand Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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