Kuwait (KWT) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Kuwait-Vietnam Trade: In 2022, Kuwait exported $5.7B to Vietnam. The main products that Kuwait exported to Vietnam were Crude Petroleum ($5.44B), Petroleum Gas ($139M), and Ethylene Polymers ($108M). Over the past 5 years the exports of Kuwait to Vietnam have increased at an annualized rate of 85.4%, from $260M in 2017 to $5.7B in 2022.

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

Vietnam-Kuwait Trade: In 2022, Vietnam exported $641M to Kuwait. The main products that Vietnam exported to Kuwait were Broadcasting Equipment ($126M), Textile Footwear ($46.3M), and Microphones and Headphones ($42.1M). Over the past 5 years the exports of Vietnam to Kuwait have increased at an annualized rate of 23.3%, from $225M in 2017 to $641M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kuwait exported $5.7B to Vietnam. The main products exported from Kuwait to Vietnam were Crude Petroleum ($5.44B), Petroleum Gas ($139M), and Ethylene Polymers ($108M). During the last 5 years the exports of Kuwait to Vietnam have increased at an annualized rate of 85.4%, from $260M in 2017 to $5.7B in 2022.

In 2017, Vietnam exported $641M to Kuwait. The main products exported from Vietnam to Kuwait were Broadcasting Equipment ($126M), Textile Footwear ($46.3M), and Microphones and Headphones ($42.1M). During the last 5 years the exports of Vietnam to Kuwait have increased at an annualized rate of 23.3%, from $225M in 2022 to $641M in 2017.

Exports from Kuwait () to Vietnam () (2022)

Exports from Vietnam () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Vietnam ()

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from Kuwait than Vietnam included India ($15B), Pakistan ($3.97B), and Egypt ($2.84B).

In 2022, countries that imported more from Vietnam than Kuwait included United States ($117B), China ($58.7B), and Japan ($25B).

Difference in imports from Vietnam () and Kuwait () (2022)

Comparative Advantage Kuwait - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Vietnam in the exports of Mineral Products ($5.58B), Plastics and Rubbers ($108M), and Chemical Products ($4.51M).

During 2017, Vietnam had a large net trade with Kuwait in the exports of Machines ($293M), Textiles ($96.4M), and Footwear and Headwear ($79M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Vietnam+$90.4MPetroleum Gas

Top Product Potential Vietnam Kuwait+$71.1MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Vietnam () (2022)

Exports from Vietnam () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Vietnam ()

Kuwait Exports

Market Competitiveness

Difference in imports from Vietnam () and Kuwait () (2022)

Comparative Advantage Kuwait - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Kuwait () and Vietnam () (2022)

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