Flag China / Panama Flag

2021
FlagFlag
Exports
: $8.66B, Rnk 52 / 209

2021
FlagFlag
Top Product
: $1.59B, Refined Petroleum

2021
FlagFlag
Exports
: $1.11B, Rnk 1 / 146

2021
FlagFlag
Top Product
: $1.06B, Copper Ore

2021
Flag
Economic Complexity (ECI)
: ECI 1.07, Rnk 25 / 131

2021
Flag
Economic Complexity (ECI)
: ECI 0.31, Rnk 51 / 131

2021
Flag  
GDP
: $17.7T, CURRENT US$
Rnk 2 / 182

2011-2021
Flag
GDP GROWTH
: 135%, CURRENT US$
Rnk 6 / 182

2021
Flag
 GDP
: $63.6B, CURRENT US$
Rnk 78 / 182

2011-2021
Flag
GDP GROWTH
: 83.4%, CURRENT US$
Rnk 23 / 182

2021
Flag
GDP PC 
: $12,556, CURRENT US$
Rnk 58 / 182

2011-2021
Flag
GDP PC GROWTH
: 124%, CURRENT US$
Rnk 4 / 182

2021
Flag
GDP PC
: $14,516, CURRENT US$
Rnk 56 / 182

2011-2021
Flag
GDP PC GROWTH
: 55.1%, CURRENT US$
Rnk 24 / 182

China-Panama In 2021, China exported $8.66B to Panama. The main products that China exported to Panama are Refined Petroleum ($1.59B), Passenger and Cargo Ships ($1.04B), and Computers ($221M). During the last 26 years the exports of China to Panama have increased at an annualized rate of 11%, from $568M in 1995 to $8.66B in 2021.

In 2021, China did not export any services to Panama.

Panama-China In 2021, Panama exported $1.11B to China. The main products that Panama exported to China were Copper Ore ($1.06B), Frozen Bovine Meat ($17.9M), and Animal Meal and Pellets ($12.2M). During the last 26 years the exports of Panama to China have increased at an annualized rate of 20.8%, from $8.14M in 1995 to $1.11B in 2021.

In 2021, Panama did not export any services to China.

Comparison In 2021,  China ranked 25 in the Economic Complexity Index (ECI 1.07), and 1 in total exports ($3.34T). That same year, Panama ranked 51 in the Economic Complexity Index (ECI 0.31), and 112 in total exports ($6.77B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2021, China exported $8.66B to Panama. The main products exported from China to Panama were Refined Petroleum ($1.59B), Passenger and Cargo Ships ($1.04B), and Computers ($221M). During the last 26 years the exports of China to Panama have increased at an annualized rate of 11%, from $568M in 1995 to $8.66B in 2021.

In 2021, Panama exported $1.11B to China. The main products exported from Panama to China were Copper Ore ($1.06B), Frozen Bovine Meat ($17.9M), and Animal Meal and Pellets ($12.2M). During the last 26 years the exports of Panama to China have increased at an annualized rate of 20.8%, from $8.14M in 1995 to $1.11B in 2021.

Market Competitiveness

#permalink to section
Color

China
Top Destination
: United States, $530B

Panama
Top Destination
: China, $1.11B

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 2021, countries that imported more from China than Panama were United States ($530B), Hong Kong ($323B), and Japan ($168B).

In 2021, countries that imported more from Panama than China were British Indian Ocean Territory ($1.01M), Bonaire ($17.9k), and Saint Martin ($14.6k).

Comparative Advantage China - Panama

#permalink to section
Flow
Scale

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

During 2021, China had a large net trade with Panama in the exports of Machines ($2.15B), Mineral Products ($1.59B), and Transportation ($1.25B).

During 2021, Panama had a large net trade with China in the exports of Mineral Products ($1.06B), Animal Products ($19.8M), and Foodstuffs ($12.5M).

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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