2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP
$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH
89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
GDP PC 
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC
$17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH
61.2%CURRENT US$
Rnk 26 / 186

About

Denmark-Panama In 2022, Denmark exported $381M to Panama. The main products that Denmark exported to Panama are Coal Tar Oil ($165M), Passenger and Cargo Ships ($161M), and Other Prepared Meat ($12.9M). During the last 27 years the exports of Denmark to Panama have increased at an annualized rate of 6.02%, from $78.6M in 1995 to $381M in 2022.

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

Panama-Denmark In 2022, Panama exported $138M to Denmark. The main products that Panama exported to Denmark were Passenger and Cargo Ships ($131M), Fish oil ($2.96M), and Crustaceans ($1.98M). During the last 27 years the exports of Panama to Denmark have increased at an annualized rate of 19.8%, from $1.06M in 1995 to $138M in 2022.

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

Comparison In 2022,  Denmark ranked 23 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, Panama ranked 51 in the Economic Complexity Index (ECI 0.19), and 119 in total exports ($6.62B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $381M to Panama. The main products exported from Denmark to Panama were Coal Tar Oil ($165M), Passenger and Cargo Ships ($161M), and Other Prepared Meat ($12.9M). During the last 27 years the exports of Denmark to Panama have increased at an annualized rate of 6.02%, from $78.6M in 1995 to $381M in 2022.

In 2022, Panama exported $138M to Denmark. The main products exported from Panama to Denmark were Passenger and Cargo Ships ($131M), Fish oil ($2.96M), and Crustaceans ($1.98M). During the last 27 years the exports of Panama to Denmark have increased at an annualized rate of 19.8%, from $1.06M in 1995 to $138M in 2022.

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

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

Latest Data

Trade between Denmark (Flag) and Panama (Flag)

Denmark Exports

Panama Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Panama
Top Destination
China$1.14B

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

In 2021, countries that imported more from Denmark than Panama were Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

In 2021, countries that imported more from Panama than Denmark were Costa Rica ($242M), Guatemala ($148M), and Jamaica ($99.7M).

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

Comparative Advantage Denmark - Panama

Flow
Scale

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

During 2022, Denmark had a large net trade with Panama in the exports of Mineral Products ($165M), Transportation ($163M), and Foodstuffs ($19M).

During 2022, Panama had a large net trade with Denmark in the exports of Transportation ($131M), Animal and Vegetable Bi-Products ($2.96M), and Animal Products ($1.98M).

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

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

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