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2022
Flag → Flag
Exports $609MRnk 19 / 180
2022
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Top Product $446MRefined Petroleum
2022
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Exports $34.8MRnk 33 / 153
2022
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Top Product $14.7MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI -0.6Rnk 93 / 133
2022
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Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
2022
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GDP$243BCURRENT US$
Rnk 51 / 186
2012-2022
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GDP GROWTH25.9%CURRENT US$
Rnk 106 / 186
2022
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 GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
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GDP GROWTH89.3%CURRENT US$
Rnk 19 / 186
2022
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GDP PC $7,126CURRENT US$
Rnk 89 / 186
2012-2022
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GDP PC GROWTH10%CURRENT US$
Rnk 116 / 186
2022
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GDP PC$17,358CURRENT US$
Rnk 59 / 186
2012-2022
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GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186

About

Peru-Panama In 2022, Peru exported $609M to Panama. The main products that Peru exported to Panama are Refined Petroleum ($446M), Bananas ($23.8M), and Grapes ($8.79M). During the last 27 years the exports of Peru to Panama have increased at an annualized rate of 13%, from $22.6M in 1995 to $609M in 2022.

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

Panama-Peru In 2022, Panama exported $34.8M to Peru. The main products that Panama exported to Peru were Packaged Medicaments ($14.7M), Aluminium Plating ($5.06M), and Refined Petroleum ($3.1M). During the last 27 years the exports of Panama to Peru have increased at an annualized rate of 0.34%, from $31.8M in 1995 to $34.8M in 2022.

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

Comparison In 2022,  Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B). 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, Peru exported $609M to Panama. The main products exported from Peru to Panama were Refined Petroleum ($446M), Bananas ($23.8M), and Grapes ($8.79M). During the last 27 years the exports of Peru to Panama have increased at an annualized rate of 13%, from $22.6M in 1995 to $609M in 2022.

In 2022, Panama exported $34.8M to Peru. The main products exported from Panama to Peru were Packaged Medicaments ($14.7M), Aluminium Plating ($5.06M), and Refined Petroleum ($3.1M). During the last 27 years the exports of Panama to Peru have increased at an annualized rate of 0.34%, from $31.8M in 1995 to $34.8M in 2022.

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

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

Latest Data

Trade between Peru (Flag) and Panama (Flag)

Peru Exports

Panama Exports

Market Competitiveness

Color
Peru
Top DestinationChina$17.6B
Panama
Top DestinationChina$1.14B

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

In 2021, countries that imported more from Peru than Panama were China ($17.6B), United States ($8.69B), and Canada ($2.69B).

In 2021, countries that imported more from Panama than Peru were Thailand ($295M), Costa Rica ($242M), and Jamaica ($99.7M).

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

Comparative Advantage Peru - Panama

Flow
Scale

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

During 2022, Peru had a large net trade with Panama in the exports of Mineral Products ($446M), Vegetable Products ($44.6M), and Foodstuffs ($23M).

During 2022, Panama had a large net trade with Peru in the exports of Chemical Products ($15.5M), Metals ($5.49M), and Foodstuffs ($3.24M).

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

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

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