Turkmenistan (TKM) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

About

Turkmenistan-Kuwait Trade: In 2023, Turkmenistan exported $25.2k to Kuwait. The main products that Turkmenistan exported to Kuwait were Other Rubber Products ($5.86k), Office Machine Parts ($5.36k), and Hand-Woven Rugs ($3.8k). Over the past 6 years the exports of Turkmenistan to Kuwait have decreased at an annualized rate of 25%, from $142k in 2017 to $25.2k in 2023.

In 2023, Turkmenistan did not export any services to Kuwait.

Kuwait-Turkmenistan In N/A, Kuwait did not export any products to Turkmenistan.

In 2023, Kuwait did not export any services to Turkmenistan.

Comparison: In 2023, Turkmenistan ranked 96 in the Economic Complexity Index (ECI -0.69), and 87 in total exports ($15.3B). That same year, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Turkmenistan exported $25.2k to Kuwait. The main products exported from Turkmenistan to Kuwait were Other Rubber Products ($5.86k), Office Machine Parts ($5.36k), and Hand-Woven Rugs ($3.8k). During the last 6 years the exports of Turkmenistan to Kuwait have decreased at an annualized rate of 25%, from $142k in 2017 to $25.2k in 2023.

Kuwait does not register exports to Turkmenistan. The main products exported from Kuwait to Turkmenistan were Valves ($15.8k) and Machinery Having Individual Functions ($8.11k).

Exports from Turkmenistan () to Kuwait () (2023)

Exports from Kuwait () to Turkmenistan () (2023)

Latest Data

Trade between Turkmenistan () and Kuwait ()

Kuwait Exports

Date

Apr 2015

Jan 2015

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkmenistan
Top DestinationChina$9.63B

Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Turkmenistan than Kuwait included Turkey ($1.66B), Greece ($1.03B), and Uzbekistan ($950M).

In 2023, countries that imported more from Kuwait than Turkmenistan included India ($9.51B), Japan ($9.13B), and China ($17.4B).

Difference in imports from Kuwait () and Turkmenistan () (2023)

Comparative Advantage Turkmenistan - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Turkmenistan had a large net trade with Kuwait in the exports of Textiles ($10.9k), Plastics and Rubbers ($5.86k), and Machines ($5.36k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Turkmenistan () to Kuwait () (2023)

Exports from Kuwait () to Turkmenistan () (2023)

Latest Data

Trade between Turkmenistan () and Kuwait ()

Kuwait Exports

Market Competitiveness

Difference in imports from Kuwait () and Turkmenistan () (2023)

Comparative Advantage Turkmenistan - Kuwait

Economic Complexity

Competitive Landscape

Product Space of Turkmenistan () and Kuwait () (2023)

Keep Exploring