2022
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GDP
$76.5BCURRENT US$
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2012-2022
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GDP GROWTH
89.3%CURRENT US$
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2022
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 GDP
$18TCURRENT US$
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2012-2022
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GDP GROWTH
111%CURRENT US$
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2022
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GDP PC 
$17,358CURRENT US$
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2012-2022
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GDP PC GROWTH
61.2%CURRENT US$
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2022
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GDP PC
$12,720CURRENT US$
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2012-2022
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GDP PC GROWTH
102%CURRENT US$
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About

Panama-China In 2022, Panama exported $1.14B to China. The main products that Panama exported to China are Copper Ore ($1.09B), Animal Meal and Pellets ($20M), and Frozen Bovine Meat ($16.8M). During the last 27 years the exports of Panama to China have increased at an annualized rate of 20.1%, from $8.19M in 1995 to $1.14B in 2022.

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

China-Panama In 2022, China exported $11.2B to Panama. The main products that China exported to Panama were Refined Petroleum ($2.65B), Passenger and Cargo Ships ($1.75B), and Rubber Footwear ($260M). During the last 27 years the exports of China to Panama have increased at an annualized rate of 11.7%, from $565M in 1995 to $11.2B in 2022.

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

Comparison In 2022,  Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B). That same year, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Panama exported $1.14B to China. The main products exported from Panama to China were Copper Ore ($1.09B), Animal Meal and Pellets ($20M), and Frozen Bovine Meat ($16.8M). During the last 27 years the exports of Panama to China have increased at an annualized rate of 20.1%, from $8.19M in 1995 to $1.14B in 2022.

In 2022, China exported $11.2B to Panama. The main products exported from China to Panama were Refined Petroleum ($2.65B), Passenger and Cargo Ships ($1.75B), and Rubber Footwear ($260M). During the last 27 years the exports of China to Panama have increased at an annualized rate of 11.7%, from $565M in 1995 to $11.2B in 2022.

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

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

Latest Data

Trade between Panama (Flag) and China (Flag)

Panama Exports

China Exports

Market Competitiveness

Color
Panama
Top Destination
China$1.14B
China
Top Destination
United States$551B

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

In 2021, countries that imported more from Panama than China were British Indian Ocean Territory ($653k) and Bonaire ($639k).

In 2021, countries that imported more from China than Panama were United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

Comparative Advantage Panama - China

Flow
Scale

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

During 2022, Panama had a large net trade with China in the exports of Mineral Products ($1.09B), Foodstuffs ($20M), and Animal Products ($18.4M).

During 2022, China had a large net trade with Panama in the exports of Mineral Products ($2.65B), Machines ($2.34B), and Transportation ($2.04B).

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

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

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