2022
Flag  
GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
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GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 186
2022
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 GDP
$906BCURRENT US$
Rnk 19 / 186
2012-2022
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GDP GROWTH
2.89%CURRENT US$
Rnk 160 / 186
2022
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GDP PC 
$43,233CURRENT US$
Rnk 24 / 186
2012-2022
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GDP PC GROWTH
-15.7%CURRENT US$
Rnk 166 / 186
2022
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GDP PC
$10,616CURRENT US$
Rnk 75 / 186
2012-2022
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GDP PC GROWTH
-9.24%CURRENT US$
Rnk 162 / 186

About

Kuwait-Turkey Trade: In 2022, Kuwait exported $680M to Turkey. The main products that Kuwait exported to Turkey were Sulfonated, Nitrated or Nitrosated Hydrocarbons ($371M), Cyclic Hydrocarbons ($132M), and Acyclic Alcohols ($75.8M). Over the past 5 years the exports of Kuwait to Turkey have increased at an annualized rate of 23.4%, from $238M in 2017 to $680M in 2022.

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

Turkey-Kuwait Trade: In 2022, Turkey exported $957M to Kuwait. The main products that Turkey exported to Kuwait were Non-fillet Fresh Fish ($50M), Non-Knit Women's Suits ($42M), and Building Stone ($39M). Over the past 5 years the exports of Turkey to Kuwait have increased at an annualized rate of 8.34%,  from $504M in 2017 to $957M in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $680M to Turkey. The main products exported from Kuwait to Turkey were Sulfonated, Nitrated or Nitrosated Hydrocarbons ($371M), Cyclic Hydrocarbons ($132M), and Acyclic Alcohols ($75.8M). During the last 5 years the exports of Kuwait to Turkey have increased at an annualized rate of 23.4%, from $238M in 2017 to $680M in 2022.

In 2017, Turkey exported $957M to Kuwait. The main products exported from Turkey to Kuwait were Non-fillet Fresh Fish ($50M), Non-Knit Women's Suits ($42M), and Building Stone ($39M). During the last 5 years the exports of Turkey to Kuwait have increased at an annualized rate of 8.34%, from $504M in 2022 to $957M in 2017.

Exports from Kuwait (Flag) to Turkey (Flag) (2022)

Exports from Turkey (Flag) to Kuwait (Flag) (2022)

Latest Data

Trade between Kuwait (Flag) and Turkey (Flag)

Kuwait Exports

Turkey Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$24.3B
Turkey
Top Destination
Germany$21.9B

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

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

In 2022, countries that imported more from Turkey than Kuwait included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

Difference in imports from Turkey (Flag) and Kuwait (Flag) (2022)

Comparative Advantage Kuwait - Turkey

Flow
Scale

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

During 2022, Kuwait had a large net trade with Turkey in the exports of Chemical Products ($587M), Plastics and Rubbers ($44M), and Metals ($23.4M).

During 2017, Turkey had a large net trade with Kuwait in the exports of Textiles ($201M), Animal Products ($132M), and Machines ($113M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kuwait Turkey+$21.5MEthylene Polymers
Top Product Potential Turkey Kuwait+$16MCars

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

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

Product Space of Kuwait (Flag) and Turkey (Flag) (2022)

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