2022
Flag  
GDP
$185BCURRENT US$
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2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP
$76.5BCURRENT US$
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2012-2022
Flag
GDP GROWTH
89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
GDP PC 
$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH
-15.7%CURRENT US$
Rnk 166 / 186
2022
Flag
GDP PC
$17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH
61.2%CURRENT US$
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About

Kuwait-Panama In 2022, Kuwait exported $516k to Panama. The main products that Kuwait exported to Panama are Special purpose motor vehicles ($506k) and Mirrors and Lenses ($10.3k). During the last 26 years the exports of Kuwait to Panama have increased at an annualized rate of 24.2%, from $1.83k in 1996 to $516k in 2022.

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

Panama-Kuwait 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). During the last 26 years the exports of Panama to Kuwait have increased at an annualized rate of 4.86%, from $67.5k in 1996 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
Value

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 26 years the exports of Kuwait to Panama have increased at an annualized rate of 24.2%, from $1.83k in 1996 to $516k in 2022.

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 26 years the exports of Panama to Kuwait have increased at an annualized rate of 4.86%, from $67.5k in 1996 to $232k in 2022.

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

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

Latest Data

Trade between Kuwait (Flag) and Panama (Flag)

Kuwait Exports

Panama Exports

Date

Market Competitiveness

Color
Kuwait
Top Destination
China$24.3B
Panama
Top Destination
China$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 2021, countries that imported more from Kuwait than Panama were China ($24.3B), India ($15B), and South Korea ($10.8B).

In 2021, countries that imported more from Panama than Kuwait were Costa Rica ($242M), Germany ($241M), and Bulgaria ($176M).

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

Comparative Advantage Kuwait - Panama

Flow
Scale

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

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

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

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