2022
Flag  
GDP
$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
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GDP GROWTH
-22.1%CURRENT US$
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2022
Flag
 GDP
$76.5BCURRENT US$
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2012-2022
Flag
GDP GROWTH
89.3%CURRENT US$
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2022
Flag
GDP PC 
$8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH
-27.7%CURRENT US$
Rnk 177 / 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

Brazil-Panama In 2022, Brazil exported $873M to Panama. The main products that Brazil exported to Panama are Refined Petroleum ($467M), Corn ($57.8M), and Cars ($43.2M). During the last 27 years the exports of Brazil to Panama have increased at an annualized rate of 8.19%, from $104M in 1995 to $873M in 2022.

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

Panama-Brazil In 2022, Panama exported $14.7M to Brazil. The main products that Panama exported to Brazil were Scrap Aluminium ($9.56M), Steel Ingots ($1.74M), and Diamonds ($556k). During the last 27 years the exports of Panama to Brazil have decreased at an annualized rate of 11.1%, from $348M in 1995 to $14.7M in 2022.

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

Comparison In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.29), and 25 in total exports ($341B). That same year, Panama ranked 51 in the Economic Complexity Index (ECI 0.19), and 119 in total exports ($6.62B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $873M to Panama. The main products exported from Brazil to Panama were Refined Petroleum ($467M), Corn ($57.8M), and Cars ($43.2M). During the last 27 years the exports of Brazil to Panama have increased at an annualized rate of 8.19%, from $104M in 1995 to $873M in 2022.

In 2022, Panama exported $14.7M to Brazil. The main products exported from Panama to Brazil were Scrap Aluminium ($9.56M), Steel Ingots ($1.74M), and Diamonds ($556k). During the last 27 years the exports of Panama to Brazil have decreased at an annualized rate of 11.1%, from $348M in 1995 to $14.7M in 2022.

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

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

Market Competitiveness

Color
Brazil
Top Destination
China$90.1B
Panama
Top Destination
China$1.14B

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

In 2021, countries that imported more from Brazil than Panama were China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2021, countries that imported more from Panama than Brazil were Barbados ($45.1M), British Indian Ocean Territory ($653k), and Andorra ($852k).

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

Comparative Advantage Brazil - Panama

Flow
Scale

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

During 2022, Brazil had a large net trade with Panama in the exports of Mineral Products ($467M), Machines ($85.5M), and Vegetable Products ($67.1M).

During 2022, Panama had a large net trade with Brazil in the exports of Metals ($11.4M), Machines ($906k), and Precious Metals ($557k).

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

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

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