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 53.8%, 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).