2022
Flag  
GDP
$32.5BCURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP GROWTH
51.9%CURRENT US$
Rnk 57 / 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 
$5,127CURRENT US$
Rnk 111 / 186
2012-2022
Flag
GDP PC GROWTH
47.7%CURRENT US$
Rnk 38 / 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

El Salvador-Panama In 2022, El Salvador exported $146M to Panama. The main products that El Salvador exported to Panama are Refined Petroleum ($17M), Toilet Paper ($17M), and Packaged Medicaments ($12.8M). During the last 27 years the exports of El Salvador to Panama have increased at an annualized rate of 7.65%, from $19.9M in 1995 to $146M in 2022.

In 2022, El Salvador did not export any services to Panama.

Panama-El Salvador In 2022, Panama exported $57.7M to El Salvador. The main products that Panama exported to El Salvador were Electricity ($15.4M), Non-fillet Frozen Fish ($13.2M), and Refined Petroleum ($7.53M). During the last 27 years the exports of Panama to El Salvador have decreased at an annualized rate of 0.27%, from $62.1M in 1995 to $57.7M in 2022.

In 2022, Panama did not export any services to El Salvador.

Comparison In 2022,  El Salvador ranked 68 in the Economic Complexity Index (ECI -0.029), and 114 in total exports ($7.47B). 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, El Salvador exported $146M to Panama. The main products exported from El Salvador to Panama were Refined Petroleum ($17M), Toilet Paper ($17M), and Packaged Medicaments ($12.8M). During the last 27 years the exports of El Salvador to Panama have increased at an annualized rate of 7.65%, from $19.9M in 1995 to $146M in 2022.

In 2022, Panama exported $57.7M to El Salvador. The main products exported from Panama to El Salvador were Electricity ($15.4M), Non-fillet Frozen Fish ($13.2M), and Refined Petroleum ($7.53M). During the last 27 years the exports of Panama to El Salvador have decreased at an annualized rate of 0.27%, from $62.1M in 1995 to $57.7M in 2022.

Exports from El Salvador (Flag) to Panama (Flag) (2022)

Exports from Panama (Flag) to El Salvador (Flag) (2022)

Latest Data

Trade between El Salvador (Flag) and Panama (Flag)

El Salvador Exports

Panama Exports

Market Competitiveness

Color
El Salvador
Top Destination
United States$2.87B
Panama
Top Destination
China$1.14B

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

In 2021, countries that imported more from El Salvador than Panama were United States ($2.87B), Honduras ($1.18B), and Guatemala ($1.21B).

In 2021, countries that imported more from Panama than El Salvador were China ($1.14B), Japan ($785M), and South Korea ($539M).

Difference in imports from Panama (Flag) and El Salvador (Flag) (2022)

Comparative Advantage El Salvador - Panama

Flow
Scale

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

During 2022, El Salvador had a large net trade with Panama in the exports of Chemical Products ($32.7M), Paper Goods ($28.2M), and Foodstuffs ($24.2M).

During 2022, Panama had a large net trade with El Salvador in the exports of Mineral Products ($23M), Animal Products ($14.3M), and Chemical Products ($6.77M).

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

Product Space of El Salvador (Flag) and Panama (Flag) (2022)

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