Kazakhstan (KAZ) and Panama (PAN) Trade | The Observatory of Economic Complexity

About

Kazakhstan-Panama Trade: In 2022, Kazakhstan exported $116M to Panama. The main products that Kazakhstan exported to Panama were Crude Petroleum ($116M), Office Machine Parts ($19.6k), and Video Displays ($3.05k). Over the past 6 years the exports of Kazakhstan to Panama have increased at an annualized rate of 265%, from $49k in 2016 to $116M in 2022.

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

Panama-Kazakhstan Trade: In 2022, Panama exported $31 to Kazakhstan. The main products that Panama exported to Kazakhstan were Electrical Parts ($31). Over the past 6 years the exports of Panama to Kazakhstan have decreased at an annualized rate of 76.5%, from $43.3k in 2016 to $31 in 2022.

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

Comparison: In 2022, Kazakhstan ranked 73 in the Economic Complexity Index (ECI -0.17), and 45 in total exports ($98.7B). That same year, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kazakhstan exported $116M to Panama. The main products exported from Kazakhstan to Panama were Crude Petroleum ($116M), Office Machine Parts ($19.6k), and Video Displays ($3.05k). During the last 6 years the exports of Kazakhstan to Panama have increased at an annualized rate of 265%, from $49k in 2016 to $116M in 2022.

In 2017, Panama exported $31 to Kazakhstan. The main products exported from Panama to Kazakhstan were Electrical Parts ($31). During the last 5 years the exports of Panama to Kazakhstan have decreased at an annualized rate of 76.5%, from $43.3k in 2022 to $31 in 2017.

Exports from Kazakhstan () to Panama () (2022)

Exports from Panama () to Kazakhstan () (2022)

Latest Data

Trade between Kazakhstan () and Panama ()

Kazakhstan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kazakhstan
Top DestinationChina$13.4B

Panama
Top DestinationChina$1.14B

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

In 2022, countries that imported more from Kazakhstan than Panama included Italy ($12.4B), China ($13.4B), and Russia ($8.78B).

In 2022, countries that imported more from Panama than Kazakhstan included Costa Rica ($242M), Thailand ($295M), and Guatemala ($148M).

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

Comparative Advantage Kazakhstan - Panama

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kazakhstan had a large net trade with Panama in the exports of Mineral Products ($116M), Machines ($24.4k), and Metals ($1.02k).

During 2017, Panama had a large net trade with Kazakhstan in the exports of Machines ($31).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kazakhstan Panama+$42.8MCrude Petroleum

Top Product Potential Panama Kazakhstan+$3.97kCopper Ore

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Kazakhstan () to Panama () (2022)

Exports from Panama () to Kazakhstan () (2022)

Latest Data

Trade between Kazakhstan () and Panama ()

Kazakhstan Exports

Market Competitiveness

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

Comparative Advantage Kazakhstan - Panama

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring