Philippines (PHL) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

About

Philippines-Kuwait Trade: In 2022, Philippines exported $88.9M to Kuwait. The main products that Philippines exported to Kuwait were Bananas ($16.1M), Office Machine Parts ($11.6M), and Motor vehicles; parts and accessories (8701 to 8705) ($5.53M). Over the past 5 years the exports of Philippines to Kuwait have increased at an annualized rate of 38.1%, from $17.7M in 2017 to $88.9M in 2022.

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

Kuwait-Philippines Trade: In 2022, Kuwait exported $956M to Philippines. The main products that Kuwait exported to Philippines were Petroleum Gas ($88.9M), Crude Petroleum ($68M), and Refined Petroleum ($33M). Over the past 5 years the exports of Kuwait to Philippines have increased at an annualized rate of 122%, from $17.7M in 2017 to $956M in 2022.

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

Comparison: In 2022, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Latest Trends

December, 2022

About

Overview In December 2022, Philippines exported $2.14M and imported $131M from Kuwait, resulting in a negative trade balance of $129M. Between December 2021 and December 2022 the exports of Philippines have increased by $701k (48.7%) from $1.44M to $2.14M, while imports increased by $131M (6.65M%) from $1.97k to $131M.

Trade In December 2022, the top exports of Philippines to Kuwait were Bananas ($282k), Non-Knit Women's Undergarments ($211k), Sauces and Seasonings ($206k), Baked Goods ($165k), and Knit Babies' Garments ($83.1k). In December 2022 the top imports of Philippines from Kuwait were Cars ($16.1k), Telephones ($749), Knit Women's Suits ($337), Leather Footwear ($318), and Trunks and Cases ($307).

Growth In December 2022, the increase in Philippines's year-by-year exports to Kuwait was explained primarily by an increase in product exports in Pasta ($52.7k or 378%), Beauty Products ($26.7k or 115%), and Brochures ($19k or 36.6%). In December 2022, the increase in Philippines's year-by-year imports from Kuwait was explained primarily by an increase in product imports in Telephones ($579 or 341%).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Philippines exported $88.9M to Kuwait. The main products exported from Philippines to Kuwait were Bananas ($16.1M), Office Machine Parts ($11.6M), and Motor vehicles; parts and accessories (8701 to 8705) ($5.53M). During the last 5 years the exports of Philippines to Kuwait have increased at an annualized rate of 38.1%, from $17.7M in 2017 to $88.9M in 2022.

In 2017, Kuwait exported $956M to Philippines. The main products exported from Kuwait to Philippines were Petroleum Gas ($88.9M), Crude Petroleum ($68M), and Refined Petroleum ($33M). During the last 21 years the exports of Kuwait to Philippines have increased at an annualized rate of 122%, from $17.7M in 1996 to $956M in 2017.

Exports from Philippines () to Kuwait () (2022)

Exports from Kuwait () to Philippines () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Philippines
Top DestinationUnited States$15.5B

Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Philippines than Kuwait included United States ($15.5B), Hong Kong ($12.6B), and Singapore ($7.07B).

In 2022, countries that imported more from Kuwait than Philippines included India ($15B), China ($24.3B), and South Korea ($10.8B).

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

Comparative Advantage Philippines - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Philippines had a large net trade with Kuwait in the exports of Machines ($35.3M), Foodstuffs ($22.2M), and Vegetable Products ($21.1M).

During 2017, Kuwait had a large net trade with Philippines in the exports of Mineral Products ($190M), Metals ($2.96M), and Textiles ($1.91M).

Economic Complexity

Competitive Landscape

Year

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

About

Latest Trends

About

Latest Trade

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from Philippines () to Kuwait () (2022)

Exports from Kuwait () to Philippines () (2022)

Market Competitiveness

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

Comparative Advantage Philippines - Kuwait

Economic Complexity

Competitive Landscape

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

About

Latest Trends

About

Latest Trade

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from Philippines () to Kuwait () (2022)

Exports from Kuwait () to Philippines () (2022)

Market Competitiveness

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

Comparative Advantage Philippines - Kuwait

Economic Complexity

Competitive Landscape

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

Keep Exploring