Kuwait-South Korea In 2022, Kuwait exported $10.8B to South Korea. The main products that Kuwait exported to South Korea are Crude Petroleum ($9.26B), Refined Petroleum ($1.4B), and Passenger and Cargo Ships ($43.7M). During the last 27 years the exports of Kuwait to South Korea have increased at an annualized rate of 9.46%, from $938M in 1995 to $10.8B in 2022.
In 2022, Kuwait did not export any services to South Korea.
South Korea-Kuwait In 2022, South Korea exported $554M to Kuwait. The main products that South Korea exported to Kuwait were Cars ($127M), High-voltage Protection Equipment ($29.7M), and Electrical Transformers ($29.3M). During the last 27 years the exports of South Korea to Kuwait have increased at an annualized rate of 5.16%, from $143M in 1995 to $554M in 2022.
In 2005, South Korea exported services to Kuwait worth $1.03B, with Services not allocated ($995M), Transportation ($29.8M), and Other business services ($6.7M) being the largest in terms of value.
Comparison In 2022, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.16), and 42 in total exports ($101B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).