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Pricing

2022
Flag → Flag
Exports $291MRnk 55 / 215
2022
Flag → Flag
Top Product $43MPlanes, Helicopters, and/or Spacecraft
2022
Flag → Flag
Exports $272MRnk 26 / 156
2022
Flag → Flag
Top Product $267MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186

About

Canada-Kuwait Trade: In 2022, Canada exported $291M to Kuwait. The main products that Canada exported to Kuwait were Planes, Helicopters, and/or Spacecraft ($43M), Wheat ($36.9M), and LCDs ($23.5M). Over the past 5 years the exports of Canada to Kuwait have increased at an annualized rate of 14.1%, from $150M in 2017 to $291M in 2022.

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

Kuwait-Canada Trade: In 2022, Kuwait exported $272M to Canada. The main products that Kuwait exported to Canada were Refined Petroleum ($267M), Reaction and Catalytic Products ($1.96M), and Iron Structures ($461k). Over the past 5 years the exports of Kuwait to Canada have increased at an annualized rate of 86.6%,  from $12M in 2017 to $272M in 2022.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Latest Trends

June, 2024

About

Overview In June 2024, Canada exported C$11.2M and imported C$62.6k from Kuwait, resulting in a positive trade balance of C$11.2M. Between June 2023 and June 2024 the exports of Canada have decreased by C$-20.1M (-64.1%) from C$31.3M to C$11.2M, while imports decreased by C$-5.17M (-98.8%) from C$5.23M to C$62.6k.

Trade In June 2024, the top exports of Canada to Kuwait were Excavation Machinery (C$994k), Packaged Medicaments (C$629k), Other Frozen Vegetables (C$485k), Centrifuges (C$320k), and Cars (C$306k). In June 2024 the top imports of Canada from Kuwait were Reaction and Catalytic Products (C$3.05M), Perfumes (C$4.53k), Other Animals (C$1.36k), Wood Crates (C$1.03k), and Scented Mixtures (C$825).

Origins In June 2024 the exports of Canada were mainly from Alberta (C$3.67M), Ontario (C$1.94M), Saskatchewan (C$1.93M), British Columbia (C$1.73M), and Manitoba (C$881k), while imports destinations were mainly Quebec (C$34.9k), Ontario (C$26.3k), and Alberta (C$1.39k).

Growth In June 2024, the decrease in Canada's year-by-year exports to Kuwait was explained primarily by an decrease in product exports in Electrical Transformers (C$-1.07M or -100%), Chemical Analysis Instruments (C$-335k or -81.6%), and Packaged Medicaments (C$-227k or -26.5%). In June 2024, the decrease in Canada's year-by-year imports  from Kuwait was explained primarily by an decrease in product imports  in Coffee (C$-199 or -98.5%) and Commodities not elsewhere specified (C$-190 or -53.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)C$-20.1M(-64.1%)
IMPORT GROWTH (June 2023 - June 2024)C$-5.17M(-98.8%)
MAIN EXPORTER (June 2024)AlbertaC$3.67M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Kuwait and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Kuwait and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $291M to Kuwait. The main products exported from Canada to Kuwait were Planes, Helicopters, and/or Spacecraft ($43M), Wheat ($36.9M), and LCDs ($23.5M). During the last 5 years the exports of Canada to Kuwait have increased at an annualized rate of 14.1%, from $150M in 2017 to $291M in 2022.

In 2017, Kuwait exported $272M to Canada. The main products exported from Kuwait to Canada were Refined Petroleum ($267M), Reaction and Catalytic Products ($1.96M), and Iron Structures ($461k). During the last 5 years the exports of Kuwait to Canada have increased at an annualized rate of 86.6%, from $12M in 2022 to $272M in 2017.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Canada than Kuwait included United States ($438B), United Kingdom ($12.9B), and Mexico ($7.39B).

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

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

Comparative Advantage Canada - Kuwait

Flow
Scale

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

During 2022, Canada had a large net trade with Kuwait in the exports of Transportation ($85.1M), Machines ($56.3M), and Vegetable Products ($37.7M).

During 2017, Kuwait had a large net trade with Canada in the exports of Mineral Products ($267M), Chemical Products ($1.97M), and Animal Products ($600k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Kuwait+$12.8MCars
Top Product Potential Kuwait Canada+$92.8MRefined Petroleum

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

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

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