Panama (PAN) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Panama-Kuwait Trade: In 2022, Panama exported $232k to Kuwait. The main products that Panama exported to Kuwait were Coffee ($96.3k), Excavation Machinery ($55k), and Textiles for technical uses ($44.3k). Over the past 5 years the exports of Panama to Kuwait have increased at an annualized rate of 24.7%, from $76.8k in 2017 to $232k in 2022.

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

Kuwait-Panama Trade: In 2022, Kuwait exported $516k to Panama. The main products that Kuwait exported to Panama were Special purpose motor vehicles ($506k) and Mirrors and Lenses ($10.3k). Over the past 5 years the exports of Kuwait to Panama have increased at an annualized rate of 246%, from $1.04k in 2017 to $516k in 2022.

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

Comparison: In 2022, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Panama exported $232k to Kuwait. The main products exported from Panama to Kuwait were Coffee ($96.3k), Excavation Machinery ($55k), and Textiles for technical uses ($44.3k). During the last 5 years the exports of Panama to Kuwait have increased at an annualized rate of 24.7%, from $76.8k in 2017 to $232k in 2022.

In 2017, Kuwait exported $516k to Panama. The main products exported from Kuwait to Panama were Special purpose motor vehicles ($506k) and Mirrors and Lenses ($10.3k). During the last 5 years the exports of Kuwait to Panama have increased at an annualized rate of 246%, from $1.04k in 2022 to $516k in 2017.

Exports from Panama () to Kuwait () (2022)

Exports from Kuwait () to Panama () (2022)

Latest Data

Trade between Panama () and Kuwait ()

Panama Exports

Date

Dec 2014

Nov 2014

Oct 2014

Kuwait Exports

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Panama
Top DestinationChina$1.14B

Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Panama than Kuwait included Costa Rica ($242M), Germany ($241M), and Bulgaria ($176M).

In 2022, countries that imported more from Kuwait than Panama included China ($24.3B), India ($15B), and South Korea ($10.8B).

Difference in imports from Kuwait () and Panama () (2022)

Comparative Advantage Panama - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Panama had a large net trade with Kuwait in the exports of Vegetable Products ($96.9k), Machines ($55k), and Textiles ($47.7k).

During 2017, Kuwait had a large net trade with Panama in the exports of Transportation ($506k) and Instruments ($10.3k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Panama Kuwait+$43.3kExcavation Machinery

Top Product Potential Kuwait Panama+$8.12kCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Panama and Kuwait. This means that a dot/product with the flag of Panama indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Panama.

About

Historical Data

Bilateral Trade by Products

Exports from Panama () to Kuwait () (2022)

Exports from Kuwait () to Panama () (2022)

Latest Data

Trade between Panama () and Kuwait ()

Panama Exports

Kuwait Exports

Market Competitiveness

Difference in imports from Kuwait () and Panama () (2022)

Comparative Advantage Panama - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Panama () and Kuwait () (2022)

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