Sri Lanka (LKA) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Sri Lanka-Kuwait Trade: In 2023, Sri Lanka exported $40.2M to Kuwait. The main products that Sri Lanka exported to Kuwait were Tea ($13.2M), Other Edible Preparations ($1.92M), and Other Women's Undergarments ($1.71M). Over the past 5 years the exports of Sri Lanka to Kuwait have decreased at an annualized rate of 0.041%, from $40.2M in 2018 to $40.2M in 2023.

In 2023, Sri Lanka did not export any services to Kuwait.

Kuwait-Sri Lanka Trade: In 2023, Kuwait exported $46.8M to Sri Lanka. The main products that Kuwait exported to Sri Lanka were Petroleum Gas ($36.5M), Ethylene Polymers ($7.46M), and Cyclic Hydrocarbons ($1M). Over the past 5 years the exports of Kuwait to Sri Lanka have increased at an annualized rate of 16.3%, from $22M in 2018 to $46.8M in 2023.

In 2023, Kuwait did not export any services to Sri Lanka.

Comparison: In 2023, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B). That same year, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Sri Lanka exported $40.2M to Kuwait. The main products exported from Sri Lanka to Kuwait were Tea ($13.2M), Other Edible Preparations ($1.92M), and Other Women's Undergarments ($1.71M). During the last 5 years the exports of Sri Lanka to Kuwait have decreased at an annualized rate of 0.041%, from $40.2M in 2018 to $40.2M in 2023.

In 2018, Kuwait exported $46.8M to Sri Lanka. The main products exported from Kuwait to Sri Lanka were Petroleum Gas ($36.5M), Ethylene Polymers ($7.46M), and Cyclic Hydrocarbons ($1M). During the last 5 years the exports of Kuwait to Sri Lanka have increased at an annualized rate of 16.3%, from $22M in 2023 to $46.8M in 2018.

Exports from Sri Lanka () to Kuwait () (2023)

Exports from Kuwait () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Kuwait ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

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Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$2.98B

Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Sri Lanka than Kuwait included United States ($2.98B), Switzerland ($311M), and Australia ($255M).

In 2023, countries that imported more from Kuwait than Sri Lanka included China ($17.4B), Japan ($9.13B), and India ($9.51B).

Difference in imports from Kuwait () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sri Lanka had a large net trade with Kuwait in the exports of Vegetable Products ($20.9M), Textiles ($12.3M), and Foodstuffs ($2.77M).

During 2018, Kuwait had a large net trade with Sri Lanka in the exports of Mineral Products ($37.2M), Plastics and Rubbers ($7.59M), and Chemical Products ($1.63M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Sri Lanka Kuwait+$2.52MKnit T-shirts

Top Product Potential Kuwait Sri Lanka+$144kLarge Construction Vehicles

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

About

Historical Data

Bilateral Trade by Products

Exports from Sri Lanka () to Kuwait () (2023)

Exports from Kuwait () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Kuwait ()

Sri Lanka Exports

Kuwait Exports

Market Competitiveness

Difference in imports from Kuwait () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sri Lanka () and Kuwait () (2023)

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