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

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Kazakhstan-Panama Trade: In 2023, Kazakhstan exported $96.3M to Panama. The main products that Kazakhstan exported to Panama were Crude Petroleum ($95.2M), Bitumen and asphalt ($1.04M), and Office Machine Parts ($27.6k). Over the past 6 years the exports of Kazakhstan to Panama have increased at an annualized rate of 207%, from $116k in 2017 to $96.3M in 2023.

In 2023, Kazakhstan did not export any services to Panama.

Panama-Kazakhstan Trade: In 2023, Panama exported $144k to Kazakhstan. The main products that Panama exported to Kazakhstan were Hard Liquor ($66.5k), Textile Footwear ($37.7k), and Coffee ($23k). Over the past 6 years the exports of Panama to Kazakhstan have decreased at an annualized rate of 2.36%, from $174k in 2017 to $144k in 2023.

In 2023, Panama did not export any services to Kazakhstan.

Comparison: In 2023, Kazakhstan ranked 71 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($96.6B). That same year, Panama ranked 69 in the Economic Complexity Index (ECI -0.14), and 121 in total exports ($6.59B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kazakhstan exported $96.3M to Panama. The main products exported from Kazakhstan to Panama were Crude Petroleum ($95.2M), Bitumen and asphalt ($1.04M), and Office Machine Parts ($27.6k). During the last 6 years the exports of Kazakhstan to Panama have increased at an annualized rate of 207%, from $116k in 2017 to $96.3M in 2023.

In 2018, Panama exported $144k to Kazakhstan. The main products exported from Panama to Kazakhstan were Hard Liquor ($66.5k), Textile Footwear ($37.7k), and Coffee ($23k). During the last 5 years the exports of Panama to Kazakhstan have decreased at an annualized rate of 2.36%, from $174k in 2023 to $144k in 2018.

Exports from Kazakhstan () to Panama () (2023)

Exports from Panama () to Kazakhstan () (2023)

Latest Data

Trade between Kazakhstan () and Panama ()

Kazakhstan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kazakhstan
Top DestinationChina$15.2B

Panama
Top DestinationChina$1.62B

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 2023, countries that imported more from Kazakhstan than Panama included United Kingdom ($14.3B), China ($15.2B), and Russia ($9.78B).

In 2023, countries that imported more from Panama than Kazakhstan included Costa Rica ($307M), Thailand ($346M), and Denmark ($239M).

Difference in imports from Panama () and Kazakhstan () (2023)

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 2023, Kazakhstan had a large net trade with Panama in the exports of Mineral Products ($96.3M), Machines ($36.8k), and Metals ($3.39k).

During 2018, Panama had a large net trade with Kazakhstan in the exports of Foodstuffs ($66.5k), Footwear and Headwear ($40.3k), and Vegetable Products ($23k).

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.

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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 () (2023)

Exports from Panama () to Kazakhstan () (2023)

Latest Data

Trade between Kazakhstan () and Panama ()

Kazakhstan Exports

Market Competitiveness

Difference in imports from Panama () and Kazakhstan () (2023)

Comparative Advantage Kazakhstan - Panama

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Kazakhstan () and Panama () (2023)

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