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2022
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Exports $1.06BRnk 14 / 156
2022
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Top Product $604MRefined Petroleum
2022
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Exports $608MRnk 44 / 218
2022
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Top Product $74.8MCars
2022
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Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
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Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
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$495BCURRENT US$
Rnk 29 / 186
2012-2022
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GDP GROWTH24.6%CURRENT US$
Rnk 111 / 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$6,909CURRENT US$
Rnk 93 / 186
2012-2022
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GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Kuwait-Thailand In 2022, Kuwait exported $1.06B to Thailand. The main products that Kuwait exported to Thailand are Refined Petroleum ($604M), Crude Petroleum ($360M), and Petroleum Gas ($80.1M). During the last 27 years the exports of Kuwait to Thailand have increased at an annualized rate of 14.2%, from $29.5M in 1995 to $1.06B in 2022.

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

Thailand-Kuwait In 2022, Thailand exported $608M to Kuwait. The main products that Thailand exported to Kuwait were Cars ($74.8M), Delivery Trucks ($66.4M), and Wood Fiberboard ($45.7M). During the last 27 years the exports of Thailand to Kuwait have increased at an annualized rate of 6.51%, from $111M in 1995 to $608M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $1.06B to Thailand. The main products exported from Kuwait to Thailand were Refined Petroleum ($604M), Crude Petroleum ($360M), and Petroleum Gas ($80.1M). During the last 27 years the exports of Kuwait to Thailand have increased at an annualized rate of 14.2%, from $29.5M in 1995 to $1.06B in 2022.

In 2022, Thailand exported $608M to Kuwait. The main products exported from Thailand to Kuwait were Cars ($74.8M), Delivery Trucks ($66.4M), and Wood Fiberboard ($45.7M). During the last 27 years the exports of Thailand to Kuwait have increased at an annualized rate of 6.51%, from $111M in 1995 to $608M in 2022.

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

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

Latest Data

Trade between Kuwait (Flag) and Thailand (Flag)

Kuwait Exports

Thailand Exports

Market Competitiveness

Color
Kuwait
Top DestinationChina$24.3B
Thailand
Top DestinationUnited States$53.4B

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

In 2021, countries that imported more from Kuwait than Thailand were India ($15B), South Korea ($10.8B), and Pakistan ($3.97B).

In 2021, countries that imported more from Thailand than Kuwait were United States ($53.4B), Japan ($24.6B), and Australia ($12.6B).

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

Comparative Advantage Kuwait - Thailand

Flow
Scale

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

During 2022, Kuwait had a large net trade with Thailand in the exports of Mineral Products ($1.05B), Plastics and Rubbers ($14M), and Transportation ($926k).

During 2022, Thailand had a large net trade with Kuwait in the exports of Transportation ($162M), Machines ($143M), and Foodstuffs ($53.7M).

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

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

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