Kuwait (KWT) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Kuwait-Colombia Trade: In 2022, Kuwait exported $5.85M to Colombia. The main products that Kuwait exported to Colombia were Special purpose motor vehicles ($4.6M), Gas and Liquid Flow Measuring Instruments ($400k), and Industrial Fatty Acids, Oils and Alcohols ($266k). Over the past 5 years the exports of Kuwait to Colombia have increased at an annualized rate of 127%, from $96.8k in 2017 to $5.85M in 2022.

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

Colombia-Kuwait Trade: In 2022, Colombia exported $11.4M to Kuwait. The main products that Colombia exported to Kuwait were Cut Flowers ($1.08M), Tropical Fruits ($961k), and Bandages ($938k). Over the past 5 years the exports of Colombia to Kuwait have increased at an annualized rate of 20.1%, from $4.58M in 2017 to $11.4M in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kuwait exported $5.85M to Colombia. The main products exported from Kuwait to Colombia were Special purpose motor vehicles ($4.6M), Gas and Liquid Flow Measuring Instruments ($400k), and Industrial Fatty Acids, Oils and Alcohols ($266k). During the last 5 years the exports of Kuwait to Colombia have increased at an annualized rate of 127%, from $96.8k in 2017 to $5.85M in 2022.

In 2017, Colombia exported $11.4M to Kuwait. The main products exported from Colombia to Kuwait were Cut Flowers ($1.08M), Tropical Fruits ($961k), and Bandages ($938k). During the last 5 years the exports of Colombia to Kuwait have increased at an annualized rate of 20.1%, from $4.58M in 2022 to $11.4M in 2017.

Exports from Kuwait () to Colombia () (2022)

Exports from Colombia () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Colombia ()

Kuwait Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Colombia
Top DestinationUnited States$15.6B

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

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

In 2022, countries that imported more from Colombia than Kuwait included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

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

Comparative Advantage Kuwait - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Colombia in the exports of Transportation ($4.6M), Instruments ($458k), and Chemical Products ($354k).

During 2017, Colombia had a large net trade with Kuwait in the exports of Vegetable Products ($3.43M), Textiles ($2.25M), and Chemical Products ($1.31M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Colombia+$233kLiquid Pumps

Top Product Potential Colombia Kuwait+$1.07MCoal Briquettes

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Colombia () (2022)

Exports from Colombia () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Colombia ()

Kuwait Exports

Colombia Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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