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2022
Flag → Flag
Exports $161MRnk 79 / 216
2022
Flag → Flag
Top Product $38.5MCars
2022
Flag → Flag
Exports $5.71MRnk 58 / 153
2022
Flag → Flag
Top Product $3.44MPassenger and Cargo Ships
2022
Flag
Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
2022
Flag  
GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH43.7%CURRENT US$
Rnk 79 / 186
2022
Flag
 GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
GDP PC $4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186
2022
Flag
GDP PC$17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186

About

Indonesia-Panama Trade: In 2022, Indonesia exported $161M to Panama. The main products that Indonesia exported to Panama were Cars ($38.5M), Textile Footwear ($20.9M), and Leather Footwear ($16.9M). Over the past 5 years the exports of Indonesia to Panama have increased at an annualized rate of 1.52%, from $150M in 2017 to $161M in 2022.

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

Panama-Indonesia Trade: In 2022, Panama exported $5.71M to Indonesia. The main products that Panama exported to Indonesia were Passenger and Cargo Ships ($3.44M), Other Non-Knit Clothing Accessories ($1.44M), and Tanned Equine and Bovine Hides ($405k). Over the past 5 years the exports of Panama to Indonesia have decreased at an annualized rate of 26.5%,  from $26.6M in 2017 to $5.71M in 2022.

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

Comparison: In 2022,  Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B). 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, Indonesia exported $161M to Panama. The main products exported from Indonesia to Panama were Cars ($38.5M), Textile Footwear ($20.9M), and Leather Footwear ($16.9M). During the last 5 years the exports of Indonesia to Panama have increased at an annualized rate of 1.52%, from $150M in 2017 to $161M in 2022.

In 2017, Panama exported $5.71M to Indonesia. The main products exported from Panama to Indonesia were Passenger and Cargo Ships ($3.44M), Other Non-Knit Clothing Accessories ($1.44M), and Tanned Equine and Bovine Hides ($405k). During the last 5 years the exports of Panama to Indonesia have decreased at an annualized rate of 26.5%, from $26.6M in 2022 to $5.71M in 2017.

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

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

Latest Data

Trade between Indonesia (Flag) and Panama (Flag)

Indonesia Exports

Panama Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$67.7B
Panama
Top DestinationChina$1.14B

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

In 2022, countries that imported more from Indonesia than Panama included China ($67.7B), United States ($31.6B), and Japan ($26.6B).

In 2022, countries that imported more from Panama than Indonesia included Costa Rica ($242M), Jamaica ($99.7M), and Guyana ($49.6M).

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

Comparative Advantage Indonesia - Panama

Flow
Scale

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

During 2022, Indonesia had a large net trade with Panama in the exports of Footwear and Headwear ($43.8M), Transportation ($41M), and Machines ($30.2M).

During 2017, Panama had a large net trade with Indonesia in the exports of Transportation ($3.44M), Textiles ($1.44M), and Animal Hides ($555k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia Panama+$8.71MCars
Top Product Potential Panama Indonesia+$2.51MPassenger 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

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

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

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