2022
Flag  
GDP
$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
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GDP GROWTH
89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
 GDP
$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH
91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC 
$17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH
61.2%CURRENT US$
Rnk 26 / 186
2022
Flag
GDP PC
$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH
63.1%CURRENT US$
Rnk 22 / 186

About

Panama-Guatemala In 2022, Panama exported $148M to Guatemala. The main products that Panama exported to Guatemala are Refined Petroleum ($51.8M), Kraft Paper ($14.6M), and Packaged Medicaments ($12.8M). During the last 27 years the exports of Panama to Guatemala have increased at an annualized rate of 1.9%, from $88.9M in 1995 to $148M in 2022.

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

Guatemala-Panama In 2022, Guatemala exported $320M to Panama. The main products that Guatemala exported to Panama were Packaged Medicaments ($36.8M), Baked Goods ($19.8M), and Flavored Water ($16M). During the last 27 years the exports of Guatemala to Panama have increased at an annualized rate of 7.83%, from $41.8M in 1995 to $320M in 2022.

In 2022, Guatemala 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, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Panama exported $148M to Guatemala. The main products exported from Panama to Guatemala were Refined Petroleum ($51.8M), Kraft Paper ($14.6M), and Packaged Medicaments ($12.8M). During the last 27 years the exports of Panama to Guatemala have increased at an annualized rate of 1.9%, from $88.9M in 1995 to $148M in 2022.

In 2022, Guatemala exported $320M to Panama. The main products exported from Guatemala to Panama were Packaged Medicaments ($36.8M), Baked Goods ($19.8M), and Flavored Water ($16M). During the last 27 years the exports of Guatemala to Panama have increased at an annualized rate of 7.83%, from $41.8M in 1995 to $320M in 2022.

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

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

Latest Data

Trade between Panama (Flag) and Guatemala (Flag)

Panama Exports

Guatemala Exports

Market Competitiveness

Color
Panama
Top Destination
China$1.14B
Guatemala
Top Destination
United States$5.23B

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

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

In 2021, countries that imported more from Guatemala than Panama were United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

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

Comparative Advantage Panama - Guatemala

Flow
Scale

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

During 2022, Panama had a large net trade with Guatemala in the exports of Mineral Products ($54.6M), Chemical Products ($19.8M), and Machines ($18.1M).

During 2022, Guatemala had a large net trade with Panama in the exports of Chemical Products ($109M), Foodstuffs ($88.1M), and Plastics and Rubbers ($27M).

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

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

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