2022
Flag  
GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 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
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 186

About

Kuwait-Belarus Trade: In 2021, Kuwait exported $34k to Belarus. The main products that Kuwait exported to Belarus were N/A. Over the past 6 years the exports of Kuwait to Belarus have decreased at an annualized rate of 29%, from $266k in 2015 to $34k in 2021.

In 2021, Kuwait did not export any services to Belarus.

Belarus-Kuwait Trade: In 2021, Belarus exported $7.3M to Kuwait. The main products that Belarus exported to Kuwait were Potassic Fertilizers ($4.17M), Glass Fibers ($648k), and Aluminium Structures ($587k). Over the past 6 years the exports of Belarus to Kuwait have increased at an annualized rate of 3.55%,  from $5.52M in 2015 to $7.3M in 2021.

In 2014, Belarus exported services to Kuwait worth $2.01M, with Insurance services ($2.01M) and Government services, n.i.e. ($200) being the largest in terms of value.

Comparison: In 2022,  Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). That same year, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Kuwait exported $34k to Belarus. There were not main exports from Kuwait to Belarus in 2021. During the last 6 years the exports of Kuwait to Belarus have decreased at an annualized rate of 29%, from $266k in 2015 to $34k in 2021.

In 2017, Belarus exported $7.3M to Kuwait. The main products exported from Belarus to Kuwait were Potassic Fertilizers ($4.17M), Glass Fibers ($648k), and Aluminium Structures ($587k). During the last 5 years the exports of Belarus to Kuwait have increased at an annualized rate of 3.55%, from $5.52M in 2022 to $7.3M in 2017.

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

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

Latest Data

Trade between Kuwait (Flag) and Belarus (Flag)

Belarus Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$24.3B
Belarus
Top Destination
China$1.6B

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

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

In 2022, countries that imported more from Belarus than Kuwait included Ukraine ($1.29B), Poland ($933M), and Kazakhstan ($827M).

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

Comparative Advantage Kuwait - Belarus

Flow
Scale

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

During 2021, Kuwait had a large net trade with Belarus in the exports of .

During 2017, Belarus had a large net trade with Kuwait in the exports of Chemical Products ($4.21M), Metals ($1.3M), and Stone And Glass ($648k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kuwait Belarus+$4.54kCrude Petroleum
Top Product Potential Belarus Kuwait+$660kPotassic Fertilizers

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

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

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