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2023
Flag → Flag
Exports $1.71BRnk 12 / 159
2023
Flag → Flag
Top Product $1.03BRefined Petroleum
2023
Flag → Flag
Exports $3.74BRnk 54 / 220
2023
Flag → Flag
Top Product $665MCars
2023
Flag
Economic Complexity (ECI) ECI 0.21Rnk 53 / 132
2023
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Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$164BCURRENT US$
Rnk 58 / 195
2013-2023
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GDP GROWTH-6.01%CURRENT US$
Rnk 178 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $33,730CURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP PC GROWTH-32.1%CURRENT US$
Rnk 187 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Kuwait-United States Trade: In 2023, Kuwait exported $1.71B to United States. The main products that Kuwait exported to United States were Refined Petroleum ($1.03B), Crude Petroleum ($634M), and Cyclic Hydrocarbons ($9.92M). Over the past 5 years the exports of Kuwait to United States have decreased at an annualized rate of 3.05%, from $2B in 2018 to $1.71B in 2023.

In 2023, Kuwait did not export any services to United States.

United States-Kuwait Trade: In 2023, United States exported $3.74B to Kuwait. The main products that United States exported to Kuwait were Cars ($665M), Petroleum Gas ($302M), and Packaged Medicaments ($201M). Over the past 5 years the exports of United States to Kuwait have increased at an annualized rate of 3.44%,  from $3.16B in 2018 to $3.74B in 2023.

In 2023, United States 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, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Kuwait exported $1.71B to United States. The main products exported from Kuwait to United States were Refined Petroleum ($1.03B), Crude Petroleum ($634M), and Cyclic Hydrocarbons ($9.92M). During the last 5 years the exports of Kuwait to United States have decreased at an annualized rate of 3.05%, from $2B in 2018 to $1.71B in 2023.

In 2018, United States exported $3.74B to Kuwait. The main products exported from United States to Kuwait were Cars ($665M), Petroleum Gas ($302M), and Packaged Medicaments ($201M). During the last 5 years the exports of United States to Kuwait have increased at an annualized rate of 3.44%, from $3.16B in 2023 to $3.74B in 2018.

Exports from Kuwait (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Kuwait (Flag) (2023)

Latest Data

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

Kuwait Exports

United States Exports

Market Competitiveness

Color
Kuwait
Top DestinationChina$17.4B
United States
Top DestinationCanada$269B

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 2023, countries that imported more from Kuwait than United States included Pakistan ($2.13B), Ethiopia ($1.33B), and Oman ($1.74B).

In 2023, countries that imported more from United States than Kuwait included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Kuwait (Flag) (2023)

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 2023, Kuwait had a large net trade with United States in the exports of Mineral Products ($1.67B), Chemical Products ($14.3M), and Machines ($5.89M).

During 2018, United States had a large net trade with Kuwait in the exports of Transportation ($1.19B), Machines ($604M), and Chemical Products ($586M).

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) (2023)

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