Slovakia (SVK) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Slovakia-Kuwait Trade: In 2022, Slovakia exported $216M to Kuwait. The main products that Slovakia exported to Kuwait were Cars ($151M), Motor vehicles; parts and accessories (8701 to 8705) ($9.7M), and Dental Products ($9.64M). Over the past 5 years the exports of Slovakia to Kuwait have increased at an annualized rate of 18.4%, from $92.8M in 2017 to $216M in 2022.

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

Kuwait-Slovakia Trade: In 2022, Kuwait exported $1.07M to Slovakia. The main products that Kuwait exported to Slovakia were Ethylene Polymers ($1.07M), Beauty Products ($731), and Used Clothing ($577). Over the past 5 years the exports of Kuwait to Slovakia have increased at an annualized rate of 27.5%, from $319k in 2017 to $1.07M in 2022.

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

Comparison: In 2022, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Slovakia exported $216M to Kuwait. The main products exported from Slovakia to Kuwait were Cars ($151M), Motor vehicles; parts and accessories (8701 to 8705) ($9.7M), and Dental Products ($9.64M). During the last 5 years the exports of Slovakia to Kuwait have increased at an annualized rate of 18.4%, from $92.8M in 2017 to $216M in 2022.

In 2017, Kuwait exported $1.07M to Slovakia. The main products exported from Kuwait to Slovakia were Ethylene Polymers ($1.07M), Beauty Products ($731), and Used Clothing ($577). During the last 5 years the exports of Kuwait to Slovakia have increased at an annualized rate of 27.5%, from $319k in 2022 to $1.07M in 2017.

Exports from Slovakia () to Kuwait () (2022)

Exports from Kuwait () to Slovakia () (2022)

Latest Data

Trade between Slovakia () and Kuwait ()

Slovakia Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Slovakia
Top DestinationGermany$22.2B

Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Slovakia than Kuwait included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

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

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

Comparative Advantage Slovakia - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Slovakia had a large net trade with Kuwait in the exports of Transportation ($161M), Machines ($17.1M), and Paper Goods ($13M).

During 2017, Kuwait had a large net trade with Slovakia in the exports of Plastics and Rubbers ($1.07M), Textiles ($1.16k), and Chemical Products ($1.14k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Slovakia Kuwait+$46.4MCars

Top Product Potential Kuwait Slovakia+$1.01MEthylene Polymers

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

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Historical Data

Bilateral Trade by Products

Exports from Slovakia () to Kuwait () (2022)

Exports from Kuwait () to Slovakia () (2022)

Latest Data

Trade between Slovakia () and Kuwait ()

Slovakia Exports

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Slovakia - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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