Vietnam (VNM) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Vietnam-Kuwait Trade: In 2023, Vietnam exported $467M to Kuwait. The main products that Vietnam exported to Kuwait were Broadcasting Equipment ($158M), Textile Footwear ($61.1M), and Leather Footwear ($14.5M). Over the past 5 years the exports of Vietnam to Kuwait have decreased at an annualized rate of 1.39%, from $501M in 2018 to $467M in 2023.

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

Kuwait-Vietnam Trade: In 2023, Kuwait exported $90.4M to Vietnam. The main products that Kuwait exported to Vietnam were Ethylene Polymers ($85.9M), Cranes ($2.53M), and Excavation Machinery ($821k). Over the past 5 years the exports of Kuwait to Vietnam have decreased at an annualized rate of 38.1%, from $2.61B in 2018 to $90.4M in 2023.

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

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). 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, Vietnam exported $467M to Kuwait. The main products exported from Vietnam to Kuwait were Broadcasting Equipment ($158M), Textile Footwear ($61.1M), and Leather Footwear ($14.5M). During the last 5 years the exports of Vietnam to Kuwait have decreased at an annualized rate of 1.39%, from $501M in 2018 to $467M in 2023.

In 2018, Kuwait exported $90.4M to Vietnam. The main products exported from Kuwait to Vietnam were Ethylene Polymers ($85.9M), Cranes ($2.53M), and Excavation Machinery ($821k). During the last 5 years the exports of Kuwait to Vietnam have decreased at an annualized rate of 38.1%, from $2.61B in 2023 to $90.4M in 2018.

Exports from Vietnam () to Kuwait () (2023)

Exports from Kuwait () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Kuwait ()

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Vietnam than Kuwait included United States ($118B), China ($85.7B), and Hong Kong ($17.1B).

In 2023, countries that imported more from Kuwait than Vietnam included Egypt ($2.78B), Pakistan ($2.13B), and Oman ($1.74B).

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

Comparative Advantage Vietnam - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Kuwait in the exports of Machines ($222M), Footwear and Headwear ($87.1M), and Textiles ($54.1M).

During 2018, Kuwait had a large net trade with Vietnam in the exports of Plastics and Rubbers ($85.9M), Machines ($3.61M), and Foodstuffs ($355k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Kuwait+$71.1MTelephones

Top Product Potential Kuwait Vietnam+$90.4MPetroleum Gas

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

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Kuwait () (2023)

Exports from Kuwait () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Kuwait ()

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Vietnam - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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