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2022
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Exports $712MRnk 56 / 218
2022
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Top Product $140MVaccines, blood, antisera, toxins and cultures
2022
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Exports $139MRnk 34 / 156
2022
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Top Product $83.3MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
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GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$43,233CURRENT US$
Rnk 24 / 186
2012-2022
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GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186

About

Spain-Kuwait In 2022, Spain exported $712M to Kuwait. The main products that Spain exported to Kuwait are Vaccines, blood, antisera, toxins and cultures ($140M), Gas Turbines ($35.3M), and Packaged Medicaments ($27.4M). During the last 27 years the exports of Spain to Kuwait have increased at an annualized rate of 8.12%, from $86.6M in 1995 to $712M in 2022.

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

Kuwait-Spain In 2022, Kuwait exported $139M to Spain. The main products that Kuwait exported to Spain were Refined Petroleum ($83.3M), Cyclic Hydrocarbons ($16M), and Gas Turbines ($13.3M). During the last 27 years the exports of Kuwait to Spain have increased at an annualized rate of 23.9%, from $425k in 1995 to $139M in 2022.

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

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Latest Trends

February, 2024

About

Overview In February 2024, Spain exported €17.8M and imported €3.32M from Kuwait, resulting in a positive trade balance of €14.5M. Between February 2023 and February 2024 the exports of Spain have decreased by €-3.34M (-15.8%) from €21.1M to €17.8M, while imports decreased by €-40M (-92.3%) from €43.4M to €3.32M.

Trade In February 2024, the top exports of Spain to Kuwait were Non-Knit Women's Suits (€1.48M), Computers (€1.3M), Knit Sweaters (€1.21M), Unglazed Ceramics (€1.07M), and Building Stone (€933k). In February 2024 the top imports of Spain from Kuwait were Ethylene Polymers (€1.24M), Iron Pipes (€154k), Sodium or Potassium Peroxides (€113k), Commodities not elsewhere specified (€50.1k), and Textile Footwear (€15.7k).

Origins In February 2024 the exports of Spain were mainly from Barcelona (€5.44M), Madrid (€2.51M), Castellón (€1.87M), Alicante (€992k), and Valencia (€792k), while imports destinations were mainly Madrid (€1.58M), Alicante (€1.45M), Barcelona (€255k), Valencia (€31.5k), and Málaga (€4.05k).

Growth In February 2024, the decrease in Spain's year-by-year exports to Kuwait was explained primarily by an decrease in product exports in Perfumes (€-969k or -68.5%), Sports Equipment (€-707k or -87.7%), and Delivery Trucks (€-548k or -98.4%). In February 2024, the decrease in Spain's year-by-year imports  from Kuwait was explained primarily by an decrease in product imports  in Electrical Transformers (€-707 or -73.6%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)€-3.34M(-15.8%)
IMPORT GROWTH (February 2023 - February 2024)€-40M(-92.3%)
MAIN EXPORTER (February 2024)Barcelona€5.44M

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $712M to Kuwait. The main products exported from Spain to Kuwait were Vaccines, blood, antisera, toxins and cultures ($140M), Gas Turbines ($35.3M), and Packaged Medicaments ($27.4M). During the last 27 years the exports of Spain to Kuwait have increased at an annualized rate of 8.12%, from $86.6M in 1995 to $712M in 2022.

In 2022, Kuwait exported $139M to Spain. The main products exported from Kuwait to Spain were Refined Petroleum ($83.3M), Cyclic Hydrocarbons ($16M), and Gas Turbines ($13.3M). During the last 27 years the exports of Kuwait to Spain have increased at an annualized rate of 23.9%, from $425k in 1995 to $139M in 2022.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Kuwait
Top DestinationChina$24.3B

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

In 2021, countries that imported more from Spain than Kuwait were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2021, countries that imported more from Kuwait than Spain were China ($24.3B), India ($15B), and South Korea ($10.8B).

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

Comparative Advantage Spain - Kuwait

Flow
Scale

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

During 2022, Spain had a large net trade with Kuwait in the exports of Chemical Products ($230M), Machines ($107M), and Textiles ($91.9M).

During 2022, Kuwait had a large net trade with Spain in the exports of Mineral Products ($83.3M), Chemical Products ($18.6M), and Machines ($15.5M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Spain has comparative advantage over Kuwait. Similarly, the more yellow a dot/product is, the more Kuwait has comparative advantage over Spain.

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

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