Panama (PAN) and United States (USA) Trade | The Observatory of Economic Complexity

About

Panama-United States In 2022, Panama exported $357M to United States. The main products that Panama exported to United States are Non-fillet Fresh Fish ($90.1M), Precious Metal Scraps ($37.2M), and Raw Sugar ($27.8M). During the last 27 years the exports of Panama to United States have increased at an annualized rate of 0.3%, from $329M in 1995 to $357M in 2022.

In 2022, Panama did not export any services to United States.

United States-Panama In 2022, United States exported $10.8B to Panama. The main products that United States exported to Panama were Refined Petroleum ($6.16B), Crude Petroleum ($683M), and Petroleum Gas ($265M). During the last 27 years the exports of United States to Panama have increased at an annualized rate of 7.91%, from $1.38B in 1995 to $10.8B in 2022.

In 2017, United States exported services to Panama worth $2.13B, with Transportation ($732M), Travel ($478M), and Financial services ($423M) being the largest in terms of value.

Comparison In 2022, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Panama exported $357M to United States. The main products exported from Panama to United States were Non-fillet Fresh Fish ($90.1M), Precious Metal Scraps ($37.2M), and Raw Sugar ($27.8M). During the last 27 years the exports of Panama to United States have increased at an annualized rate of 0.3%, from $329M in 1995 to $357M in 2022.

In 2022, United States exported $10.8B to Panama. The main products exported from United States to Panama were Refined Petroleum ($6.16B), Crude Petroleum ($683M), and Petroleum Gas ($265M). During the last 27 years the exports of United States to Panama have increased at an annualized rate of 7.91%, from $1.38B in 1995 to $10.8B in 2022.

Exports from Panama () to United States () (2022)

Exports from United States () to Panama () (2022)

Latest Data

Trade between Panama () and United States ()

Panama Exports

Date

United States Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Panama
Top DestinationChina$1.14B

United States
Top DestinationCanada$308B

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

In 2021, countries that imported more from Panama than United States were Bonaire ($639k).

In 2021, countries that imported more from United States than Panama were Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States () and Panama () (2022)

Comparative Advantage Panama - United States

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Panama had a large net trade with United States in the exports of Animal Products ($123M), Precious Metals ($65.1M), and Vegetable Products ($35M).

During 2022, United States had a large net trade with Panama in the exports of Mineral Products ($7.2B), Machines ($886M), and Foodstuffs ($651M).

Service Trade

Bilateral Service Trade

Usa Year

In 2017, United States exported services to Panama worth $2.13B, with Transportation ($732M), Travel ($478M), and Financial services ($423M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Panama () (2017)

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Panama () to United States () (2022)

Exports from United States () to Panama () (2022)

Latest Data

Trade between Panama () and United States ()

Panama Exports

United States Exports

Market Competitiveness

Difference in imports from United States () and Panama () (2022)

Comparative Advantage Panama - United States

Service Trade

Bilateral Service Trade

Services Exports from United States () to Panama () (2017)

Economic Complexity

Competitive Landscape

Product Space of Panama () and United States () (2022)

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