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

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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 6 years the exports of Kuwait to Panama have increased at an annualized rate of 89.7%, from $11.1k in 2016 to $516k in 2022.

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

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 6 years the exports of Panama to Kuwait have increased at an annualized rate of 17.1%, from $76.8k in 2016 to $232k in 2022.

In 2022, Panama 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, 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, 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 6 years the exports of Kuwait to Panama have increased at an annualized rate of 89.7%, from $11.1k in 2016 to $516k in 2022.

In 2017, 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 17.1%, from $76.8k in 2022 to $232k in 2017.

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

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

Latest Data

Trade between Kuwait () and Panama ()

Kuwait Exports

Panama Exports

Date

Dec 2014

Nov 2014

Oct 2014

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Panama
Top DestinationChina$1.14B

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

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

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

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

Comparative Advantage Kuwait - Panama

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Panama in the exports of Transportation ($506k) and Instruments ($10.3k).

During 2017, Panama had a large net trade with Kuwait in the exports of Vegetable Products ($96.9k), Machines ($55k), and Textiles ($47.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Panama+$8.12kCrude Petroleum

Top Product Potential Panama Kuwait+$43.3kExcavation Machinery

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 Kuwait and Panama. This means that a dot/product with the flag of Kuwait indicates it has a comparative advantage over Panama. Similarly, a dot/product with the flag of Panama indicates it has a comparative advantage over Kuwait.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Kuwait () and Panama ()

Kuwait Exports

Panama Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Panama

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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