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Pricing

2022
Flag → Flag
Exports $3.42BRnk 29 / 211
2022
Flag → Flag
Top Product $2.78BPassenger and Cargo Ships
2022
Flag → Flag
Exports $785MRnk 2 / 153
2022
Flag → Flag
Top Product $627MCopper Ore
2022
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
2022
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GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
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 GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
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GDP GROWTH89.3%CURRENT US$
Rnk 19 / 186
2022
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GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186
2022
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GDP PC$17,358CURRENT US$
Rnk 59 / 186
2012-2022
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GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186

About

Japan-Panama Trade: In 2022, Japan exported $3.42B to Panama. The main products that Japan exported to Panama were Passenger and Cargo Ships ($2.78B), Large Construction Vehicles ($165M), and Cars ($129M). Over the past 5 years the exports of Japan to Panama have decreased at an annualized rate of 9.05%, from $5.5B in 2017 to $3.42B in 2022.

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

Panama-Japan Trade: In 2022, Panama exported $785M to Japan. The main products that Panama exported to Japan were Copper Ore ($627M), Passenger and Cargo Ships ($131M), and Integrated Circuits ($6.65M). Over the past 5 years the exports of Panama to Japan have increased at an annualized rate of 10.3%,  from $395M in 2017 to $785M in 2022.

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

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B).

Latest Trends

August, 2024

About

Overview In August 2024, Japan exported ¥41.2B and imported ¥3.4B from Panama, resulting in a positive trade balance of ¥37.8B. Between August 2023 and August 2024 the exports of Japan have increased by ¥4.02B (10.8%) from ¥37.2B to ¥41.2B, while imports decreased by ¥-1.21B (-26.2%) from ¥4.61B to ¥3.4B.

Trade In August 2024, the top exports of Japan to Panama were Passenger and Cargo Ships (¥45.8B), Large Construction Vehicles (¥1.91B), Cars (¥1.07B), Delivery Trucks (¥632M), and Motor vehicles; parts and accessories (8701... (¥369M). In August 2024 the top imports of Japan from Panama were Copper Ore (¥7.3B), Commodities not elsewhere specified (¥4.18B), Passenger and Cargo Ships (¥4.18B), E-waste and scrap (¥118M), and Scrap Copper (¥42.3M).

Origins In August 2024 the exports of Japan were mainly from Fukuoka (¥9.53B), Ehime (¥9.53B), Hiroshima (¥5.59B), Ōita (¥3.2B), and Yamaguchi (¥2.65B), while imports destinations were mainly Hyōgo (¥3.04B), Tokyo (¥128M), Kanagawa (¥102M), Chiba (¥59.4M), and Aichi (¥28.2M).

Growth In August 2024, the increase in Japan's year-by-year exports to Panama was explained primarily by an increase in product exports in Passenger and Cargo Ships (¥18.5B or 67.5%), Large Construction Vehicles (¥1.12B or 143%), and Cars (¥341M or 46.9%). In August 2024, the decrease in Japan's year-by-year imports  from Panama was explained primarily by an decrease in product imports  in Other Pure Vegetable Oils (¥-35.6M or -54.2%), E-waste and scrap (¥-8.73M or -6.88%), and Plant foliage (¥-310k or -9.93%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)¥4.02B(10.8%)
IMPORT GROWTH (August 2023 - August 2024)¥-1.21B(-26.2%)
MAIN EXPORTER (August 2024)Fukuoka¥9.53B

This section shows exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Japan over time.

To check Panama and Japan trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Panama and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $3.42B to Panama. The main products exported from Japan to Panama were Passenger and Cargo Ships ($2.78B), Large Construction Vehicles ($165M), and Cars ($129M). During the last 5 years the exports of Japan to Panama have decreased at an annualized rate of 9.05%, from $5.5B in 2017 to $3.42B in 2022.

In 2017, Panama exported $785M to Japan. The main products exported from Panama to Japan were Copper Ore ($627M), Passenger and Cargo Ships ($131M), and Integrated Circuits ($6.65M). During the last 5 years the exports of Panama to Japan have increased at an annualized rate of 10.3%, from $395M in 2022 to $785M in 2017.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Panama
Top DestinationChina$1.14B

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

In 2022, countries that imported more from Japan than Panama included United States ($137B), China ($135B), and South Korea ($50.8B).

In 2022, countries that imported more from Panama than Japan included Aruba ($43.4M), British Indian Ocean Territory ($653k), and Bonaire ($639k).

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

Comparative Advantage Japan - Panama

Flow
Scale

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

During 2022, Japan had a large net trade with Panama in the exports of Transportation ($3.02B), Machines ($322M), and Plastics and Rubbers ($24.1M).

During 2017, Panama had a large net trade with Japan in the exports of Mineral Products ($627M), Transportation ($131M), and Animal Products ($8.53M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Panama+$35.6MCars
Top Product Potential Panama Japan+$2.53MNon-fillet Frozen Fish

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 Japan and Panama. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Panama. Similarly, a dot/product with the flag of Panama indicates it has a comparative advantage over Japan.

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

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