2022
Flag  
GDP
$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH
111%CURRENT US$
Rnk 11 / 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 
$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH
102%CURRENT US$
Rnk 8 / 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

China-Panama Trade: In 2022, China exported $6.52B to Panama. The main products that China exported to Panama were Refined Petroleum ($2.65B), Passenger and Cargo Ships ($1.75B), and Rubber Footwear ($260M). Over the past 5 years the exports of China to Panama have increased at an annualized rate of 63.1%, from $565M in 2017 to $6.52B in 2022.

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

Panama-China Trade: In 2022, Panama exported $59.8M to China. The main products that Panama exported to China were Copper Ore ($1.09B), Animal Meal and Pellets ($20M), and Frozen Bovine Meat ($16.8M). Over the past 5 years the exports of Panama to China have increased at an annualized rate of 48.8%,  from $8.19M in 2017 to $59.8M in 2022.

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

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). 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, China exported $6.52B to Panama. The main products exported from China to Panama were Refined Petroleum ($2.65B), Passenger and Cargo Ships ($1.75B), and Rubber Footwear ($260M). During the last 5 years the exports of China to Panama have increased at an annualized rate of 63.1%, from $565M in 2017 to $6.52B in 2022.

In 2017, Panama exported $59.8M to China. The main products exported from Panama to China were Copper Ore ($1.09B), Animal Meal and Pellets ($20M), and Frozen Bovine Meat ($16.8M). During the last 22 years the exports of Panama to China have increased at an annualized rate of 48.8%, from $8.19M in 1995 to $59.8M in 2017.

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

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

Market Competitiveness

Color
China
Top Destination
United States$551B
Panama
Top Destination
China$1.14B

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

In 2022, countries that imported more from China than Panama included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Panama than China included British Indian Ocean Territory ($653k) and Bonaire ($639k).

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

Comparative Advantage China - Panama

Flow
Scale

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

During 2022, China had a large net trade with Panama in the exports of Mineral Products ($2.65B), Machines ($2.34B), and Transportation ($2.04B).

During 2017, Panama had a large net trade with China in the exports of Mineral Products ($1.09B), Foodstuffs ($20M), and Animal Products ($18.4M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of China and Panama. This means that a dot/product with the flag of China indicates it has a comparative advantage over Panama. Similarly, a dot/product with the flag of Panama indicates it has a comparative advantage over China.

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

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