Kuwait (KWT) and Chinese Taipei (TWN) Trade | The Observatory of Economic Complexity

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Kuwait-Chinese Taipei Trade: In 2022, Kuwait exported $7.34B to Chinese Taipei. The main products that Kuwait exported to Chinese Taipei were Crude Petroleum ($6.4B), Refined Petroleum ($414M), and Sulfonated, Nitrated or Nitrosated Hydrocarbons ($308M). Over the past 5 years the exports of Kuwait to Chinese Taipei have increased at an annualized rate of 15.2%, from $3.61B in 2017 to $7.34B in 2022.

In 2022, Kuwait did not export any services to Chinese Taipei.

Chinese Taipei-Kuwait Trade: In 2022, Chinese Taipei exported $311M to Kuwait. The main products that Chinese Taipei exported to Kuwait were Cars ($71.6M), Large Flat-Rolled Stainless Steel ($16.4M), and Motor vehicles; parts and accessories (8701 to 8705) ($16M). Over the past 5 years the exports of Chinese Taipei to Kuwait have increased at an annualized rate of 13.3%, from $166M in 2017 to $311M in 2022.

In 2022, Chinese Taipei 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, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kuwait exported $7.34B to Chinese Taipei. The main products exported from Kuwait to Chinese Taipei were Crude Petroleum ($6.4B), Refined Petroleum ($414M), and Sulfonated, Nitrated or Nitrosated Hydrocarbons ($308M). During the last 5 years the exports of Kuwait to Chinese Taipei have increased at an annualized rate of 15.2%, from $3.61B in 2017 to $7.34B in 2022.

In 2017, Chinese Taipei exported $311M to Kuwait. The main products exported from Chinese Taipei to Kuwait were Cars ($71.6M), Large Flat-Rolled Stainless Steel ($16.4M), and Motor vehicles; parts and accessories (8701 to 8705) ($16M). During the last 5 years the exports of Chinese Taipei to Kuwait have increased at an annualized rate of 13.3%, from $166M in 2022 to $311M in 2017.

Exports from Kuwait () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Kuwait () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Chinese Taipei
Top DestinationChina$121B

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

In 2022, countries that imported more from Kuwait than Chinese Taipei included India ($15B), Pakistan ($3.97B), and Egypt ($2.84B).

In 2022, countries that imported more from Chinese Taipei than Kuwait included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

Difference in imports from Chinese Taipei () and Kuwait () (2022)

Comparative Advantage Kuwait - Chinese Taipei

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Chinese Taipei in the exports of Mineral Products ($6.87B), Chemical Products ($451M), and Plastics and Rubbers ($18.4M).

During 2017, Chinese Taipei had a large net trade with Kuwait in the exports of Transportation ($94.3M), Machines ($71.6M), and Metals ($45.3M).

Potential Exports

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

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Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Kuwait () (2022)

Market Competitiveness

Difference in imports from Chinese Taipei () and Kuwait () (2022)

Comparative Advantage Kuwait - Chinese Taipei

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Kuwait () and Chinese Taipei () (2022)

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