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2022
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Exports $198MRnk 30 / 156
2022
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Top Product $88.9MPetroleum Gas
2022
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Exports $137MRnk 34 / 205
2022
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Top Product $16.1MBananas
2022
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Economic Complexity (ECI) ECI 0.16Rnk 53 / 124
2022
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Economic Complexity (ECI) ECI 0.63Rnk 38 / 124
2022
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GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
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GDP GROWTH6.04%CURRENT US$
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2022
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 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
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GDP GROWTH54.4%CURRENT US$
Rnk 51 / 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
2022
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GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
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GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Kuwait-Philippines In 2022, Kuwait exported $198M to Philippines. The main products that Kuwait exported to Philippines are Petroleum Gas ($88.9M), Crude Petroleum ($68M), and Refined Petroleum ($33M). During the last 26 years the exports of Kuwait to Philippines have increased at an annualized rate of 9.73%, from $17.7M in 1996 to $198M in 2022.

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

Philippines-Kuwait In 2022, Philippines exported $137M to Kuwait. The main products that Philippines exported to Kuwait were Bananas ($16.1M), Office Machine Parts ($11.6M), and Motor vehicles; parts and accessories (8701 to 8705) ($5.53M). During the last 26 years the exports of Philippines to Kuwait have increased at an annualized rate of 8.18%, from $17.7M in 1996 to $137M in 2022.

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

Comparison In 2022,  Kuwait ranked 53 in the Economic Complexity Index (ECI 0.16), and 42 in total exports ($101B). That same year, Philippines ranked 38 in the Economic Complexity Index (ECI 0.63), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $198M to Philippines. The main products exported from Kuwait to Philippines were Petroleum Gas ($88.9M), Crude Petroleum ($68M), and Refined Petroleum ($33M). During the last 26 years the exports of Kuwait to Philippines have increased at an annualized rate of 9.73%, from $17.7M in 1996 to $198M in 2022.

In 2022, Philippines exported $137M to Kuwait. The main products exported from Philippines to Kuwait were Bananas ($16.1M), Office Machine Parts ($11.6M), and Motor vehicles; parts and accessories (8701 to 8705) ($5.53M). During the last 26 years the exports of Philippines to Kuwait have increased at an annualized rate of 8.18%, from $17.7M in 1996 to $137M in 2022.

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

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

Latest Data

Trade between Kuwait (Flag) and Philippines (Flag)

Kuwait Exports

Philippines Exports

Market Competitiveness

Color
Kuwait
Top DestinationChina$24.3B
Philippines
Top DestinationUnited States$15.5B

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

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

In 2021, countries that imported more from Philippines than Kuwait were United States ($15.5B), Hong Kong ($12.6B), and Singapore ($7.07B).

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

Comparative Advantage Kuwait - Philippines

Flow
Scale

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

During 2022, Kuwait had a large net trade with Philippines in the exports of Mineral Products ($190M), Metals ($2.96M), and Textiles ($1.91M).

During 2022, Philippines had a large net trade with Kuwait in the exports of Machines ($35.3M), Foodstuffs ($22.2M), and Vegetable Products ($21.1M).

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

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

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