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2022
Flag → Flag
Exports $356MRnk 69 / 138
2022
Flag → Flag
Top Product $124MIron Pipes
2022
Flag → Flag
Exports $2.63MRnk 91 / 156
2022
Flag → Flag
Top Product $1.1MSurveying Equipment
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
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Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag  
GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 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 $15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186
2022
Flag
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

Russia-Kuwait Trade: In 2022, Russia exported $356M to Kuwait. The main products that Russia exported to Kuwait were Iron Pipes ($124M), Copper Wire ($97.9M), and Chocolate ($26.7M). Over the past 5 years the exports of Russia to Kuwait have decreased at an annualized rate of 13.8%, from $745M in 2017 to $356M in 2022.

In 2020, Russia exported services to Kuwait worth $19.7M, with Other business services ($16.4M), Computer and information services ($1.67M), and Communications services ($1.03M) being the largest in terms of value.

Kuwait-Russia Trade: In 2022, Kuwait exported $2.63M to Russia. The main products that Kuwait exported to Russia were Surveying Equipment ($1.1M), Video Displays ($475k), and Motor vehicles; parts and accessories (8701 to 8705) ($235k). Over the past 5 years the exports of Kuwait to Russia have decreased at an annualized rate of 47.5%,  from $125M in 2017 to $2.63M in 2022.

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

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Latest Trends

N/A

About

Overview In N/A, Russia exported $N/A and imported $N/A from Kuwait, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Russia have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of Russia to Kuwait were Copper Wire ($44.1M), Refined Copper ($9.86M), Prepr binder for foundry ($117k), Uncoated Paper ($97.1k), and Chocolate ($65.3k). In N/A the top imports of Russia from Kuwait were .

Origins In N/A the exports of Russia were mainly from CHELYABINSK REGION ($50.6M), MOSCOW REGION ($777k), LENINGRAD REGION ($348k), TYUMEN REGION ($281k), and NOVGOROD REGION ($158k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($515k).

Growth In N/A, the N/A in Russia's year-by-year exports to Kuwait was explained primarily by an decrease in product exports in Refined Copper ($-17.3M or -63.7%), Copper Wire ($-2.21M or -4.77%), and Kraft Paper ($-594k or -93.8%). In N/A, the N/A in Russia's year-by-year imports  from Kuwait was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
MAIN EXPORTER (N/A)CHELYABINSK REGION$50.6M

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Kuwait and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Kuwait and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $356M to Kuwait. The main products exported from Russia to Kuwait were Iron Pipes ($124M), Copper Wire ($97.9M), and Chocolate ($26.7M). During the last 5 years the exports of Russia to Kuwait have decreased at an annualized rate of 13.8%, from $745M in 2017 to $356M in 2022.

In 2017, Kuwait exported $2.63M to Russia. The main products exported from Kuwait to Russia were Surveying Equipment ($1.1M), Video Displays ($475k), and Motor vehicles; parts and accessories (8701 to 8705) ($235k). During the last 5 years the exports of Kuwait to Russia have decreased at an annualized rate of 47.5%, from $125M in 2022 to $2.63M in 2017.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Russia than Kuwait included China ($101B), Germany ($27.7B), and India ($40.4B).

In 2022, countries that imported more from Kuwait than Russia included Vietnam ($5.7B), Pakistan ($3.97B), and Saudi Arabia ($2.75B).

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

Comparative Advantage Russia - Kuwait

Flow
Scale

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

During 2022, Russia had a large net trade with Kuwait in the exports of Metals ($235M), Foodstuffs ($40.7M), and Machines ($24.8M).

During 2017, Kuwait had a large net trade with Russia in the exports of Instruments ($1.1M), Machines ($980k), and Transportation ($391k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Kuwait+$4.06MRefined Petroleum
Top Product Potential Kuwait Russia+$1.32MTelephones

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

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

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