2022
Flag  
GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 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
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 186

About

Kuwait-Armenia In 2022, Kuwait exported $174k to Armenia. The main products that Kuwait exported to Armenia are Glass Bottles ($131k), Cars ($42.8k), and Other Rubber Products ($62). During the last 25 years the exports of Kuwait to Armenia have decreased at an annualized rate of 4.12%, from $497k in 1997 to $174k in 2022.

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

Armenia-Kuwait In 2022, Armenia exported $5.32M to Kuwait. The main products that Armenia exported to Kuwait were Sheep and Goats ($4.12M), Non-Knit Women's Suits ($241k), and Non-Knit Women's Coats ($214k). During the last 25 years the exports of Armenia to Kuwait have increased at an annualized rate of 36.9%, from $2.06k in 1997 to $5.32M in 2022.

In 2022, Armenia 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, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $174k to Armenia. The main products exported from Kuwait to Armenia were Glass Bottles ($131k), Cars ($42.8k), and Other Rubber Products ($62). During the last 25 years the exports of Kuwait to Armenia have decreased at an annualized rate of 4.12%, from $497k in 1997 to $174k in 2022.

In 2022, Armenia exported $5.32M to Kuwait. The main products exported from Armenia to Kuwait were Sheep and Goats ($4.12M), Non-Knit Women's Suits ($241k), and Non-Knit Women's Coats ($214k). During the last 22 years the exports of Armenia to Kuwait have increased at an annualized rate of 36.9%, from $2.06k in 2000 to $5.32M in 2022.

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

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

Latest Data

Trade between Kuwait (Flag) and Armenia (Flag)

Kuwait Exports

Armenia Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$24.3B
Armenia
Top Destination
Russia$2.36B

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

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

In 2021, countries that imported more from Armenia than Kuwait were Russia ($2.36B), Georgia ($260M), and Switzerland ($257M).

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

Comparative Advantage Kuwait - Armenia

Flow
Scale

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

During 2022, Kuwait had a large net trade with Armenia in the exports of Stone And Glass ($131k), Transportation ($42.8k), and Plastics and Rubbers ($62).

During 2022, Armenia had a large net trade with Kuwait in the exports of Animal Products ($4.17M), Textiles ($1M), and Foodstuffs ($110k).

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 Kuwait has comparative advantage over Armenia. Similarly, the more yellow a dot/product is, the more Armenia has comparative advantage over Kuwait.

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

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with