2022
Flag  
GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP
$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH
43.7%CURRENT US$
Rnk 79 / 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
$4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH
30.5%CURRENT US$
Rnk 62 / 186

About

Kuwait-Indonesia Trade: In 2022, Kuwait exported $135M to Indonesia. The main products that Kuwait exported to Indonesia were Petroleum Coke ($62.2M), Petroleum Gas ($26.3M), and Ethylene Polymers ($23.2M). Over the past 5 years the exports of Kuwait to Indonesia have decreased at an annualized rate of 14.6%, from $297M in 2017 to $135M in 2022.

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

Indonesia-Kuwait Trade: In 2022, Indonesia exported $455M to Kuwait. The main products that Indonesia exported to Kuwait were Cars ($118M), Textile Footwear ($24.6M), and Plywood ($24M). Over the past 5 years the exports of Indonesia to Kuwait have increased at an annualized rate of 19.9%,  from $184M in 2017 to $455M in 2022.

In 2022, Indonesia 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, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $135M to Indonesia. The main products exported from Kuwait to Indonesia were Petroleum Coke ($62.2M), Petroleum Gas ($26.3M), and Ethylene Polymers ($23.2M). During the last 5 years the exports of Kuwait to Indonesia have decreased at an annualized rate of 14.6%, from $297M in 2017 to $135M in 2022.

In 2017, Indonesia exported $455M to Kuwait. The main products exported from Indonesia to Kuwait were Cars ($118M), Textile Footwear ($24.6M), and Plywood ($24M). During the last 5 years the exports of Indonesia to Kuwait have increased at an annualized rate of 19.9%, from $184M in 2022 to $455M in 2017.

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

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

Latest Data

Trade between Kuwait (Flag) and Indonesia (Flag)

Kuwait Exports

Indonesia Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$24.3B
Indonesia
Top Destination
China$67.7B

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

In 2022, countries that imported more from Kuwait than Indonesia included Egypt ($2.84B), Saudi Arabia ($2.75B), and United Arab Emirates ($3.43B).

In 2022, countries that imported more from Indonesia than Kuwait included China ($67.7B), United States ($31.6B), and Japan ($26.6B).

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

Comparative Advantage Kuwait - Indonesia

Flow
Scale

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

During 2022, Kuwait had a large net trade with Indonesia in the exports of Mineral Products ($106M), Plastics and Rubbers ($24.3M), and Stone And Glass ($2.34M).

During 2017, Indonesia had a large net trade with Kuwait in the exports of Transportation ($139M), Machines ($86M), and Footwear and Headwear ($44M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kuwait Indonesia+$26MPetroleum Gas
Top Product Potential Indonesia Kuwait+$29MCars

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

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

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