2022
Flag
 GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
GDP PC
$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH
-15.7%CURRENT US$
Rnk 166 / 186

About

Chinese Taipei-Kuwait Trade: In 2022, Chinese Taipei exported $311M to Kuwait. The main products that Chinese Taipei exported to Kuwait were Cars ($71.6M), Large Flat-Rolled Stainless Steel ($16.4M), and Motor vehicles; parts and accessories (8701 to 8705) ($16M). Over the past 5 years the exports of Chinese Taipei to Kuwait have increased at an annualized rate of 13.3%, from $166M in 2017 to $311M in 2022.

In 2022, Chinese Taipei did not export any services to Kuwait.

Kuwait-Chinese Taipei Trade: In 2022, Kuwait exported $7.34B to Chinese Taipei. The main products that Kuwait exported to Chinese Taipei were Crude Petroleum ($6.4B), Refined Petroleum ($414M), and Sulfonated, Nitrated or Nitrosated Hydrocarbons ($308M). Over the past 5 years the exports of Kuwait to Chinese Taipei have increased at an annualized rate of 15.2%,  from $3.61B in 2017 to $7.34B in 2022.

In 2022, Kuwait did not export any services to Chinese Taipei.

Comparison: In 2022,  Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B). 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
Value

In 2022, Chinese Taipei exported $311M to Kuwait. The main products exported from Chinese Taipei to Kuwait were Cars ($71.6M), Large Flat-Rolled Stainless Steel ($16.4M), and Motor vehicles; parts and accessories (8701 to 8705) ($16M). During the last 5 years the exports of Chinese Taipei to Kuwait have increased at an annualized rate of 13.3%, from $166M in 2017 to $311M in 2022.

In 2017, Kuwait exported $7.34B to Chinese Taipei. The main products exported from Kuwait to Chinese Taipei were Crude Petroleum ($6.4B), Refined Petroleum ($414M), and Sulfonated, Nitrated or Nitrosated Hydrocarbons ($308M). During the last 5 years the exports of Kuwait to Chinese Taipei have increased at an annualized rate of 15.2%, from $3.61B in 2022 to $7.34B in 2017.

Exports from Chinese Taipei (Flag) to Kuwait (Flag) (2022)

Exports from Kuwait (Flag) to Chinese Taipei (Flag) (2022)

Market Competitiveness

Color
Chinese Taipei
Top Destination
China$121B
Kuwait
Top Destination
China$24.3B

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

In 2022, countries that imported more from Chinese Taipei than Kuwait included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

In 2022, countries that imported more from Kuwait than Chinese Taipei included India ($15B), Pakistan ($3.97B), and Egypt ($2.84B).

Difference in imports from Kuwait (Flag) and Chinese Taipei (Flag) (2022)

Comparative Advantage Chinese Taipei - Kuwait

Flow
Scale

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

During 2022, Chinese Taipei had a large net trade with Kuwait in the exports of Transportation ($94.3M), Machines ($71.6M), and Metals ($45.3M).

During 2017, Kuwait had a large net trade with Chinese Taipei in the exports of Mineral Products ($6.87B), Chemical Products ($451M), and Plastics and Rubbers ($18.4M).

Economic Complexity

Competitive Landscape

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

Product Space of Chinese Taipei (Flag) and Kuwait (Flag) (2022)

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