2022
Flag  
GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
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GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP
$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH
36.8%CURRENT US$
Rnk 90 / 186
2022
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GDP PC 
$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH
-15.7%CURRENT US$
Rnk 166 / 186
2022
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GDP PC
$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH
12.4%CURRENT US$
Rnk 107 / 186

About

Kuwait-Mongolia In 2022, Kuwait exported $3.22k to Mongolia. The main products that Kuwait exported to Mongolia are Used Clothing ($2.15k) and Motor vehicles; parts and accessories (8701 to 8705) ($1.07k). During the last 25 years the exports of Kuwait to Mongolia have decreased at an annualized rate of 6.65%, from $18k in 1997 to $3.22k in 2022.

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

Mongolia-Kuwait In 2022, Mongolia exported $218k to Kuwait. The main products that Mongolia exported to Kuwait were Other Knit Garments ($54.9k), Knit Sweaters ($42.6k), and Non-Knit Women's Suits ($40.1k). During the last 25 years the exports of Mongolia to Kuwait have increased at an annualized rate of 5.56%, from $56.3k in 1997 to $218k in 2022.

In 2022, Mongolia 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, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $3.22k to Mongolia. The main products exported from Kuwait to Mongolia were Used Clothing ($2.15k) and Motor vehicles; parts and accessories (8701 to 8705) ($1.07k). During the last 25 years the exports of Kuwait to Mongolia have decreased at an annualized rate of 6.65%, from $18k in 1997 to $3.22k in 2022.

In 2022, Mongolia exported $218k to Kuwait. The main products exported from Mongolia to Kuwait were Other Knit Garments ($54.9k), Knit Sweaters ($42.6k), and Non-Knit Women's Suits ($40.1k). During the last 25 years the exports of Mongolia to Kuwait have increased at an annualized rate of 5.56%, from $56.3k in 1997 to $218k in 2022.

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

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

Latest Data

Trade between Kuwait (Flag) and Mongolia (Flag)

Kuwait Exports

Mongolia Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$24.3B
Mongolia
Top Destination
China$10.6B

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

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

In 2021, countries that imported more from Mongolia than Kuwait were Switzerland ($1.98B), Russia ($112M), and Kazakhstan ($8.26M).

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

Comparative Advantage Kuwait - Mongolia

Flow
Scale

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

During 2022, Kuwait had a large net trade with Mongolia in the exports of Textiles ($2.15k) and Transportation ($1.07k).

During 2022, Mongolia had a large net trade with Kuwait in the exports of Textiles ($210k), Footwear and Headwear ($6.28k), and Animal Products ($1k).

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

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

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