2022
Flag  
GDP
$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
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GDP GROWTH
17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
 GDP
$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH
89.3%CURRENT US$
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2022
Flag
GDP PC 
$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH
6.89%CURRENT US$
Rnk 126 / 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

Mexico-Panama In 2022, Mexico exported $801M to Panama. The main products that Mexico exported to Panama are Packaged Medicaments ($100M), Refrigerators ($74.2M), and Video Displays ($53.1M). During the last 27 years the exports of Mexico to Panama have increased at an annualized rate of 4.46%, from $246M in 1995 to $801M in 2022.

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

Panama-Mexico In 2022, Panama exported $38.3M to Mexico. The main products that Panama exported to Mexico were Palm Oil ($30.3M), Edible Offal ($2.05M), and Aluminium Cans ($1.78M). During the last 27 years the exports of Panama to Mexico have increased at an annualized rate of 5.58%, from $8.85M in 1995 to $38.3M in 2022.

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

Comparison In 2022,  Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). 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, Mexico exported $801M to Panama. The main products exported from Mexico to Panama were Packaged Medicaments ($100M), Refrigerators ($74.2M), and Video Displays ($53.1M). During the last 27 years the exports of Mexico to Panama have increased at an annualized rate of 4.46%, from $246M in 1995 to $801M in 2022.

In 2022, Panama exported $38.3M to Mexico. The main products exported from Panama to Mexico were Palm Oil ($30.3M), Edible Offal ($2.05M), and Aluminium Cans ($1.78M). During the last 27 years the exports of Panama to Mexico have increased at an annualized rate of 5.58%, from $8.85M in 1995 to $38.3M in 2022.

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

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

Latest Data

Trade between Mexico (Flag) and Panama (Flag)

Mexico Exports

Panama Exports

Market Competitiveness

Color
Mexico
Top Destination
United States$421B
Panama
Top Destination
China$1.14B

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

In 2021, countries that imported more from Mexico than Panama were United States ($421B), Canada ($22.2B), and China ($12.7B).

In 2021, countries that imported more from Panama than Mexico were Bulgaria ($176M), Barbados ($45.1M), and Aruba ($43.4M).

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

Comparative Advantage Mexico - Panama

Flow
Scale

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

During 2022, Mexico had a large net trade with Panama in the exports of Machines ($225M), Chemical Products ($175M), and Foodstuffs ($103M).

During 2022, Panama had a large net trade with Mexico in the exports of Animal and Vegetable Bi-Products ($30.5M), Animal Products ($2.74M), and Chemical Products ($2.05M).

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

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

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