2022
Flag  
GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP
$21.1BCURRENT US$
Rnk 113 / 186
2012-2022
Flag
GDP GROWTH
22.7%CURRENT US$
Rnk 114 / 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
$8,820CURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP PC GROWTH
-5.65%CURRENT US$
Rnk 156 / 186

About

Kuwait-Gabon Trade: In 2022, Kuwait exported $2.58M to Gabon. The main products that Kuwait exported to Gabon were Sodium or Potassium Peroxides ($1.32M), Buses ($268k), and Large Construction Vehicles ($211k). Over the past 5 years the exports of Kuwait to Gabon have decreased at an annualized rate of 26.4%, from $12M in 2017 to $2.58M in 2022.

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

Gabon-Kuwait Trade: In 2022, Gabon exported $2.81M to Kuwait. The main products that Gabon exported to Kuwait were Sawn Wood ($1.74M), Rough Wood ($773k), and Shaped Wood ($134k). Over the past 5 years the exports of Gabon to Kuwait have decreased at an annualized rate of 9.34%,  from $4.58M in 2017 to $2.81M in 2022.

In 2022, Gabon 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, Gabon ranked 112 in the Economic Complexity Index (ECI -0.99), and 112 in total exports ($7.88B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $2.58M to Gabon. The main products exported from Kuwait to Gabon were Sodium or Potassium Peroxides ($1.32M), Buses ($268k), and Large Construction Vehicles ($211k). During the last 5 years the exports of Kuwait to Gabon have decreased at an annualized rate of 26.4%, from $12M in 2017 to $2.58M in 2022.

In 2017, Gabon exported $2.81M to Kuwait. The main products exported from Gabon to Kuwait were Sawn Wood ($1.74M), Rough Wood ($773k), and Shaped Wood ($134k). During the last 5 years the exports of Gabon to Kuwait have decreased at an annualized rate of 9.34%, from $4.58M in 2022 to $2.81M in 2017.

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

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

Latest Data

Trade between Kuwait (Flag) and Gabon (Flag)

Kuwait Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$24.3B
Gabon
Top Destination
China$3.4B

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

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

In 2022, countries that imported more from Gabon than Kuwait included Indonesia ($394M), Italy ($576M), and Norway ($168M).

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

Comparative Advantage Kuwait - Gabon

Flow
Scale

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

During 2022, Kuwait had a large net trade with Gabon in the exports of Chemical Products ($1.32M), Transportation ($609k), and Machines ($420k).

During 2017, Gabon had a large net trade with Kuwait in the exports of Wood Products ($2.64M), Metals ($113k), and Foodstuffs ($31.6k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kuwait Gabon+$188kCars
Top Product Potential Gabon Kuwait+$704kSawn Wood

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with