Kuwait (KWT) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Kuwait-Ecuador Trade: In 2022, Kuwait exported $1.59M to Ecuador. The main products that Kuwait exported to Ecuador were Electrical Transformers ($1.27M), Liquid Pumps ($232k), and Sodium or Potassium Peroxides ($46.6k). Over the past 5 years the exports of Kuwait to Ecuador have increased at an annualized rate of 42.4%, from $272k in 2017 to $1.59M in 2022.

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

Ecuador-Kuwait Trade: In 2022, Ecuador exported $28.3M to Kuwait. The main products that Ecuador exported to Kuwait were Bananas ($19.8M), Cut Flowers ($7.51M), and Motor vehicles; parts and accessories (8701 to 8705) ($204k). Over the past 5 years the exports of Ecuador to Kuwait have increased at an annualized rate of 2.97%, from $24.5M in 2017 to $28.3M in 2022.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kuwait exported $1.59M to Ecuador. The main products exported from Kuwait to Ecuador were Electrical Transformers ($1.27M), Liquid Pumps ($232k), and Sodium or Potassium Peroxides ($46.6k). During the last 5 years the exports of Kuwait to Ecuador have increased at an annualized rate of 42.4%, from $272k in 2017 to $1.59M in 2022.

In 2017, Ecuador exported $28.3M to Kuwait. The main products exported from Ecuador to Kuwait were Bananas ($19.8M), Cut Flowers ($7.51M), and Motor vehicles; parts and accessories (8701 to 8705) ($204k). During the last 5 years the exports of Ecuador to Kuwait have increased at an annualized rate of 2.97%, from $24.5M in 2022 to $28.3M in 2017.

Exports from Kuwait () to Ecuador () (2022)

Exports from Ecuador () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Ecuador ()

Kuwait Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Ecuador
Top DestinationUnited States$9.86B

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

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

In 2022, countries that imported more from Ecuador than Kuwait included United States ($9.86B), Panama ($4.97B), and Chile ($1.34B).

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

Comparative Advantage Kuwait - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Ecuador in the exports of Machines ($1.52M), Chemical Products ($46.6k), and Metals ($19.6k).

During 2017, Ecuador had a large net trade with Kuwait in the exports of Vegetable Products ($27.6M), Foodstuffs ($380k), and Transportation ($204k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Ecuador+$135kLiquid Pumps

Top Product Potential Ecuador Kuwait+$180kConfectionery Sugar

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Ecuador () (2022)

Exports from Ecuador () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Ecuador ()

Kuwait Exports

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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