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2022
Flag → Flag
Exports $325MRnk 31 / 171
2022
Flag → Flag
Top Product $30MElectrical Transformers
2022
Flag → Flag
Exports $199MRnk 21 / 156
2022
Flag → Flag
Top Product $146MRefined Petroleum
2022
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Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
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Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
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GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
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GDP GROWTH31.2%CURRENT US$
Rnk 97 / 186
2022
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 GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
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GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
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GDP PC $25,057CURRENT US$
Rnk 43 / 186
2012-2022
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GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 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

About

Oman-Kuwait Trade: In 2022, Oman exported $325M to Kuwait. The main products that Oman exported to Kuwait were Electrical Transformers ($30M), Cyclic Hydrocarbons ($28.7M), and Sauces and Seasonings ($17.2M). Over the past 5 years the exports of Oman to Kuwait have increased at an annualized rate of 78.5%, from $17.9M in 2017 to $325M in 2022.

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

Kuwait-Oman Trade: In 2022, Kuwait exported $199M to Oman. The main products that Kuwait exported to Oman were Refined Petroleum ($146M), Acyclic Alcohols ($88.4M), and Petroleum Coke ($32.3M). Over the past 5 years the exports of Kuwait to Oman have increased at an annualized rate of 84.3%,  from $9.36M in 2017 to $199M in 2022.

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

Comparison: In 2022,  Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Oman exported $325M to Kuwait. The main products exported from Oman to Kuwait were Electrical Transformers ($30M), Cyclic Hydrocarbons ($28.7M), and Sauces and Seasonings ($17.2M). During the last 5 years the exports of Oman to Kuwait have increased at an annualized rate of 78.5%, from $17.9M in 2017 to $325M in 2022.

In 2017, Kuwait exported $199M to Oman. The main products exported from Kuwait to Oman were Refined Petroleum ($146M), Acyclic Alcohols ($88.4M), and Petroleum Coke ($32.3M). During the last 22 years the exports of Kuwait to Oman have increased at an annualized rate of 84.3%, from $9.36M in 1995 to $199M in 2017.

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

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

Latest Data

Trade between Oman (Flag) and Kuwait (Flag)

Oman Exports

Kuwait Exports

Market Competitiveness

Color
Oman
Top DestinationChina$30.4B
Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Oman than Kuwait included China ($30.4B), Indonesia ($1.23B), and Thailand ($2.02B).

In 2022, countries that imported more from Kuwait than Oman included India ($15B), South Korea ($10.8B), and Japan ($8.64B).

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

Comparative Advantage Oman - Kuwait

Flow
Scale

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

During 2022, Oman had a large net trade with Kuwait in the exports of Machines ($57M), Chemical Products ($43.3M), and Metals ($28.4M).

During 2017, Kuwait had a large net trade with Oman in the exports of Mineral Products ($179M), Chemical Products ($104M), and Transportation ($27.9M).

Economic Complexity

Competitive Landscape

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

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

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