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Pricing

2022
Flag → Flag
Exports $28.4kRnk 132 / 156
2022
Flag → Flag
Top Product $22.1kSodium or Potassium Peroxides
2022
Flag → Flag
Exports $6.41MRnk 99 / 185
2022
Flag → Flag
Top Product $2.34MOther Nuts
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.18Rnk 74 / 133
2022
Flag  
GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH12.7%CURRENT US$
Rnk 142 / 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$15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH-0.33%CURRENT US$
Rnk 144 / 186

About

Kuwait-Chile Trade: In 2022, Kuwait exported $28.4k to Chile. The main products that Kuwait exported to Chile were Sodium or Potassium Peroxides ($22.1k), Perfumes ($1.56k), and Used Clothing ($1.07k). Over the past 5 years the exports of Kuwait to Chile have decreased at an annualized rate of 60.1%, from $2.8M in 2017 to $28.4k in 2022.

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

Chile-Kuwait Trade: In 2022, Chile exported $6.41M to Kuwait. The main products that Chile exported to Kuwait were Other Nuts ($2.34M), Sowing Seeds ($619k), and Mixed Mineral or Chemical Fertilizers ($498k). Over the past 5 years the exports of Chile to Kuwait have decreased at an annualized rate of 4.97%,  from $16.9M in 2017 to $6.41M in 2022.

In 2022, Chile 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, Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $28.4k to Chile. The main products exported from Kuwait to Chile were Sodium or Potassium Peroxides ($22.1k), Perfumes ($1.56k), and Used Clothing ($1.07k). During the last 5 years the exports of Kuwait to Chile have decreased at an annualized rate of 60.1%, from $2.8M in 2017 to $28.4k in 2022.

In 2017, Chile exported $6.41M to Kuwait. The main products exported from Chile to Kuwait were Other Nuts ($2.34M), Sowing Seeds ($619k), and Mixed Mineral or Chemical Fertilizers ($498k). During the last 5 years the exports of Chile to Kuwait have decreased at an annualized rate of 4.97%, from $16.9M in 2022 to $6.41M in 2017.

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

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

Latest Data

Trade between Kuwait (Flag) and Chile (Flag)

Kuwait Exports

Chile Exports

Market Competitiveness

Color
Kuwait
Top DestinationChina$24.3B
Chile
Top DestinationChina$38.5B

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

In 2022, countries that imported more from Kuwait than Chile included India ($15B), Chinese Taipei ($7.34B), and Vietnam ($5.7B).

In 2022, countries that imported more from Chile than Kuwait included China ($38.5B), United States ($13.9B), and Brazil ($4.55B).

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

Comparative Advantage Kuwait - Chile

Flow
Scale

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

During 2022, Kuwait had a large net trade with Chile in the exports of Chemical Products ($25k), Textiles ($1.19k), and Transportation ($906).

During 2017, Chile had a large net trade with Kuwait in the exports of Vegetable Products ($4.61M), Chemical Products ($781k), and Foodstuffs ($656k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kuwait Chile+$60.3kSodium or Potassium Peroxides
Top Product Potential Chile Kuwait+$585kOther Fruits

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

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

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