Angola (AGO) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Angola-Kuwait Trade: In 2022, Angola exported $21.1M to Kuwait. The main products that Angola exported to Kuwait were Valves ($6.06M), Vaccines, blood, antisera, toxins and cultures ($5.12M), and Other Construction Vehicles ($2.96M). Over the past 5 years the exports of Angola to Kuwait have decreased at an annualized rate of 16.1%, from $50.8M in 2017 to $21.1M in 2022.

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

Kuwait-Angola Trade: In 2022, Kuwait exported $4.37M to Angola. The main products that Kuwait exported to Angola were Ethylene Polymers ($1.85M), Large Construction Vehicles ($1.53M), and Cellulose ($230k). Over the past 5 years the exports of Kuwait to Angola have decreased at an annualized rate of 2.66%, from $5.01M in 2017 to $4.37M in 2022.

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

Comparison: In 2022, Angola ranked 126 in the Economic Complexity Index (ECI -1.55), and 58 in total exports ($54.1B). 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, Angola exported $21.1M to Kuwait. The main products exported from Angola to Kuwait were Valves ($6.06M), Vaccines, blood, antisera, toxins and cultures ($5.12M), and Other Construction Vehicles ($2.96M). During the last 5 years the exports of Angola to Kuwait have decreased at an annualized rate of 16.1%, from $50.8M in 2017 to $21.1M in 2022.

In 2017, Kuwait exported $4.37M to Angola. The main products exported from Kuwait to Angola were Ethylene Polymers ($1.85M), Large Construction Vehicles ($1.53M), and Cellulose ($230k). During the last 5 years the exports of Kuwait to Angola have decreased at an annualized rate of 2.66%, from $5.01M in 2022 to $4.37M in 2017.

Exports from Angola () to Kuwait () (2022)

Exports from Kuwait () to Angola () (2022)

Latest Data

Trade between Angola () and Kuwait ()

Angola Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Angola
Top DestinationChina$21.8B

Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Angola than Kuwait included Netherlands ($3.91B), France ($3.8B), and Spain ($1.99B).

In 2022, countries that imported more from Kuwait than Angola included South Korea ($10.8B), India ($15B), and Japan ($8.64B).

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

Comparative Advantage Angola - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Angola had a large net trade with Kuwait in the exports of Machines ($10.1M), Chemical Products ($7.56M), and Miscellaneous ($849k).

During 2017, Kuwait had a large net trade with Angola in the exports of Plastics and Rubbers ($2.12M), Machines ($1.68M), and Chemical Products ($289k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Angola Kuwait+$81.9kPackaged Medicaments

Top Product Potential Kuwait Angola+$856kEthylene 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 Angola and Kuwait. This means that a dot/product with the flag of Angola indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Angola.

About

Historical Data

Bilateral Trade by Products

Exports from Angola () to Kuwait () (2022)

Exports from Kuwait () to Angola () (2022)

Latest Data

Trade between Angola () and Kuwait ()

Angola Exports

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Angola - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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