Colombia-Panama Trade: In 2022, Colombia exported $5.84B to Panama. The main products that Colombia exported to Panama were Crude Petroleum ($5.23B), Refined Petroleum ($174M), and Coal Briquettes ($69.8M). Over the past 5 years the exports of Colombia to Panama have increased at an annualized rate of 17.6%, from $2.6B in 2017 to $5.84B in 2022.
In 2022, Colombia did not export any services to Panama.
Panama-Colombia Trade: In 2022, Panama exported $62.4M to Colombia. The main products that Panama exported to Colombia were Refined Petroleum ($28.2M), Packaged Medicaments ($5.48M), and Scrap Iron ($3.5M). Over the past 5 years the exports of Panama to Colombia have decreased at an annualized rate of 29.7%, from $364M in 2017 to $62.4M in 2022.
In 2022, Panama did not export any services to Colombia.
Comparison: In 2022, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). That same year, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B).