Flag China / Kuwait Flag

Exports Flag β†’ Flag  (2018): $4.36B, Rnk 60 / 206

Top Product Flag β†’ Flag (2018): $574M, Broadcasting Equipment

Exports Flag β†’ Flag (2018): $13.6B, Rnk 1 / 141

Top Product Flag β†’ Flag (2018): $10.6B, Crude Petroleum

Economic Complexity of Flag (2018): ECI 0.89, Rnk 30 / 137

Economic Complexity of Flag (2018): ECI 0.27, Rnk 54 / 137

GDP Flag (2018): $13.6T, CURRENT US$
Rnk 2 / 196

GDP GROWTH Flag (2008-2018): 196%, CURRENT US$
Rnk 6 / 196

GDP Flag (2018): $141B, CURRENT US$
Rnk 56 / 196

GDP GROWTH Flag (2008-2018): -4.58%, CURRENT US$
Rnk 178 / 196

GDP PC Flag (2018): $9,771, CURRENT US$
Rnk 78 / 196

GDP PC GROWTH Flag (2008-2018): 182%, CURRENT US$
Rnk 3 / 196

GDP PC Flag (2018): $33,994, CURRENT US$
Rnk 30 / 196

GDP PC GROWTH Flag (2008-2018): -38.7%, CURRENT US$
Rnk 193 / 196

China-Kuwait: In 2018, China exported $4.36B to Kuwait. The main products exported from China to Kuwait were Broadcasting Equipment ($574M), Iron Pipes ($235M), and Air Pumps ($167M). During the last 23 years the exports of China to Kuwait have increased at an annualized rate of 17.6%, from $105M in 1995 to $4.36B in 2018.

Kuwait-China: In 2018, Kuwait exported $13.6B to China. The main products exported from Kuwait to China were Crude Petroleum ($10.6B), Petroleum Gas ($1.21B), and Cyclic Hydrocarbons ($601M). During the last 23 years the exports of Kuwait to China have increased at an annualized rate of 23.3%, from $110M in 1995 to $13.6B in 2018.

Comparison: In 2018, China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). That same year, Kuwait ranked 54 in the Economic Complexity Index (ECI 0.27), and 47 in total exports ($63.6B). In terms of GDP Per Capita, China was ranked 78 with a GDP Per Capita of $9,771, and Kuwait was ranked 30 with a GDP Per Capita of $33,994.

Bilateral Trade by Products

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Depth
Value

In 2018, China exported $4.36B to Kuwait. The main products exported from China to Kuwait were Broadcasting Equipment ($574M), Iron Pipes ($235M), and Air Pumps ($167M). During the last 23 years the exports of China to Kuwait have increased at an annualized rate of 17.6%, from $105M in 1995 to $4.36B in 2018.

In 2018, Kuwait exported $13.6B to China. The main products exported from Kuwait to China were Crude Petroleum ($10.6B), Petroleum Gas ($1.21B), and Cyclic Hydrocarbons ($601M). During the last 23 years the exports of Kuwait to China have increased at an annualized rate of 23.3%, from $110M in 1995 to $13.6B in 2018.

Market Competitiveness

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Measure

China
Top Destination
: United States, $499B

Kuwait
Top Destination
: China, $13.6B

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

In 2018, countries that imported more from China than Kuwait were United States ($499B), Hong Kong ($282B), and Japan ($155B).

In 2018, no countries were registered that imported more from Kuwait than from China.

Comparative Advantage China - Kuwait

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Depth

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

During 2018, China had a large net trade with Kuwait in the exports of Machines ($1.74B), Metals ($819M), and Textiles ($453M).

During 2018, Kuwait had a large net trade with China in the exports of Mineral Products ($11.9B), Chemical Products ($1.28B), and Plastics and Rubbers ($334M).

Tariff Section

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This sections shows import tariffs for products traded between China and Kuwait (using the HS6 product classification and the last year reported).

In 2018, the products from China that paid the highest import tariffs to enter Kuwait were Vermouth and other flavoured grape wines - pack < 2l (65%) and Vermouth and other flavoured grape wines - pack > 2l (65%).

In 2018, the products from Kuwait that paid the highest import tariffs to enter China were Tobacco, unmanufactured, not stemmed or stripped (100%) and Tobacco, unmanufactured, stemmed or stripped (100%).

Explore Tariff Data

*The tariffs present between China and Kuwait are:
125: General duty rate
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between China and Kuwait. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more China has comparative advantage over Kuwait. Similarly, the more red a dot/product is, the more Kuwait has comparative advantage over China.