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Pricing

2022
Flag → Flag
Exports $2.33BRnk 11 / 156
2022
Flag → Flag
Top Product $893MCrude Petroleum
2022
Flag → Flag
Exports $4.72BRnk 48 / 219
2022
Flag → Flag
Top Product $657MCars
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
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Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
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GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 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
Flag
GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Kuwait-United States Trade: In 2022, Kuwait exported $2.33B to United States. The main products that Kuwait exported to United States were Crude Petroleum ($893M), Refined Petroleum ($771M), and Sulfonated, Nitrated or Nitrosated Hydrocarbons ($442M). Over the past 5 years the exports of Kuwait to United States have decreased at an annualized rate of 4.67%, from $2.95B in 2017 to $2.33B in 2022.

In 2022, Kuwait did not export any services to United States.

United States-Kuwait Trade: In 2022, United States exported $4.72B to Kuwait. The main products that United States exported to Kuwait were Cars ($657M), Petroleum Gas ($463M), and Other Pure Vegetable Oils ($315M). Over the past 5 years the exports of United States to Kuwait have increased at an annualized rate of 4.37%,  from $3.81B in 2017 to $4.72B in 2022.

In 2022, United States 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, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $2.33B to United States. The main products exported from Kuwait to United States were Crude Petroleum ($893M), Refined Petroleum ($771M), and Sulfonated, Nitrated or Nitrosated Hydrocarbons ($442M). During the last 5 years the exports of Kuwait to United States have decreased at an annualized rate of 4.67%, from $2.95B in 2017 to $2.33B in 2022.

In 2017, United States exported $4.72B to Kuwait. The main products exported from United States to Kuwait were Cars ($657M), Petroleum Gas ($463M), and Other Pure Vegetable Oils ($315M). During the last 5 years the exports of United States to Kuwait have increased at an annualized rate of 4.37%, from $3.81B in 2022 to $4.72B in 2017.

Exports from Kuwait (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Kuwait (Flag) (2022)

Latest Data

Trade between Kuwait (Flag) and United States (Flag)

Kuwait Exports

United States Exports

Market Competitiveness

Color
Kuwait
Top DestinationChina$24.3B
United States
Top DestinationCanada$308B

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

In 2022, countries that imported more from Kuwait than United States included Pakistan ($3.97B), Malawi ($105M), and Iran ($71M).

In 2022, countries that imported more from United States than Kuwait included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Kuwait (Flag) (2022)

Comparative Advantage Kuwait - United States

Flow
Scale

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

During 2022, Kuwait had a large net trade with United States in the exports of Mineral Products ($1.68B), Chemical Products ($583M), and Transportation ($23.7M).

During 2017, United States had a large net trade with Kuwait in the exports of Transportation ($1.39B), Machines ($680M), and Chemical Products ($503M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kuwait United States+$1.01BCrude Petroleum
Top Product Potential United States Kuwait+$30.6MPackaged Medicaments

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

Product Space of Kuwait (Flag) and United States (Flag) (2022)

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