2022
Flag  
GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH
-15.7%CURRENT US$
Rnk 166 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Kuwait-Norway Trade: In 2022, Kuwait exported $1.98M to Norway. The main products that Kuwait exported to Norway were Surveying Equipment ($522k), Low-voltage Protection Equipment ($325k), and Gas and Liquid Flow Measuring Instruments ($314k). Over the past 5 years the exports of Kuwait to Norway have decreased at an annualized rate of 5.78%, from $2.67M in 2017 to $1.98M in 2022.

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

Norway-Kuwait Trade: In 2022, Norway exported $98.9M to Kuwait. The main products that Norway exported to Kuwait were Non-fillet Fresh Fish ($42.6M), Fish Fillets ($7.79M), and Surveying Equipment ($6.27M). Over the past 5 years the exports of Norway to Kuwait have increased at an annualized rate of 19.4%,  from $40.7M in 2017 to $98.9M in 2022.

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

Comparison: In 2022,  Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $1.98M to Norway. The main products exported from Kuwait to Norway were Surveying Equipment ($522k), Low-voltage Protection Equipment ($325k), and Gas and Liquid Flow Measuring Instruments ($314k). During the last 5 years the exports of Kuwait to Norway have decreased at an annualized rate of 5.78%, from $2.67M in 2017 to $1.98M in 2022.

In 2017, Norway exported $98.9M to Kuwait. The main products exported from Norway to Kuwait were Non-fillet Fresh Fish ($42.6M), Fish Fillets ($7.79M), and Surveying Equipment ($6.27M). During the last 5 years the exports of Norway to Kuwait have increased at an annualized rate of 19.4%, from $40.7M in 2022 to $98.9M in 2017.

Exports from Kuwait (Flag) to Norway (Flag) (2022)

Exports from Norway (Flag) to Kuwait (Flag) (2022)

Latest Data

Trade between Kuwait (Flag) and Norway (Flag)

Kuwait Exports

Norway Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$24.3B
Norway
Top Destination
Germany$78.1B

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

In 2022, countries that imported more from Kuwait than Norway included China ($24.3B), India ($15B), and South Korea ($10.8B).

In 2022, countries that imported more from Norway than Kuwait included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

Difference in imports from Norway (Flag) and Kuwait (Flag) (2022)

Comparative Advantage Kuwait - Norway

Flow
Scale

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

During 2022, Kuwait had a large net trade with Norway in the exports of Instruments ($1.04M), Machines ($641k), and Metals ($206k).

During 2017, Norway had a large net trade with Kuwait in the exports of Animal Products ($53.5M), Chemical Products ($15.2M), and Machines ($8.31M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kuwait Norway+$234kSurveying Equipment
Top Product Potential Norway Kuwait+$2.63MPackaged Medicaments

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

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

Product Space of Kuwait (Flag) and Norway (Flag) (2022)

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