Gabon (GAB) and Panama (PAN) Trade | The Observatory of Economic Complexity

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Gabon-Panama Trade: In 2023, Gabon exported $8.82M to Panama. The main products that Gabon exported to Panama were Passenger and Cargo Ships ($8.82M). Over the past 9 years the exports of Gabon to Panama have increased at an annualized rate of 21.6%, from $1.52M in 2014 to $8.82M in 2023.

In 2023, Gabon did not export any services to Panama.

Panama-Gabon Trade: In 2023, Panama exported $121M to Gabon. The main products that Panama exported to Gabon were Special Purpose Ships ($121M), Passenger and Cargo Ships ($93.9k), and Sports Equipment ($1.74k). Over the past 9 years the exports of Panama to Gabon have increased at an annualized rate of 56.6%, from $1.36M in 2014 to $121M in 2023.

In 2023, Panama did not export any services to Gabon.

Comparison: In 2023, Gabon ranked 92 in the Economic Complexity Index (ECI -0.62), and 102 in total exports ($10.6B). That same year, Panama ranked 69 in the Economic Complexity Index (ECI -0.14), and 121 in total exports ($6.59B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Gabon exported $8.82M to Panama. The main products exported from Gabon to Panama were Passenger and Cargo Ships ($8.82M). During the last 9 years the exports of Gabon to Panama have increased at an annualized rate of 21.6%, from $1.52M in 2014 to $8.82M in 2023.

In 2018, Panama exported $121M to Gabon. The main products exported from Panama to Gabon were Special Purpose Ships ($121M), Passenger and Cargo Ships ($93.9k), and Sports Equipment ($1.74k). During the last 5 years the exports of Panama to Gabon have increased at an annualized rate of 56.6%, from $1.36M in 2023 to $121M in 2018.

Exports from Gabon () to Panama () (2023)

Exports from Panama () to Gabon () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gabon
Top DestinationChina$2.77B

Panama
Top DestinationChina$1.62B

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

In 2023, countries that imported more from Gabon than Panama included China ($2.77B), Indonesia ($875M), and Israel ($680M).

In 2023, countries that imported more from Panama than Gabon included Japan ($653M), Costa Rica ($307M), and Denmark ($239M).

Difference in imports from Panama () and Gabon () (2023)

Comparative Advantage Gabon - Panama

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Gabon had a large net trade with Panama in the exports of Transportation ($8.82M).

During 2018, Panama had a large net trade with Gabon in the exports of Transportation ($121M), Miscellaneous ($1.74k), and Textiles ($1.17k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Gabon Panama+$5.67kCrude Petroleum

Top Product Potential Panama Gabon+$1.5kPassenger and Cargo Ships

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Gabon () to Panama () (2023)

Exports from Panama () to Gabon () (2023)

Market Competitiveness

Difference in imports from Panama () and Gabon () (2023)

Comparative Advantage Gabon - Panama

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Gabon () and Panama () (2023)

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