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Pricing

2022
Flag → Flag
Exports $3.42BRnk 29 / 211
2022
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Top Product $2.78BPassenger and Cargo Ships
2022
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Exports $785MRnk 2 / 153
2022
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Top Product $627MCopper Ore
2022
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Economic Complexity (ECI) ECI 1.99Rnk 1 / 124
2022
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Economic Complexity (ECI) ECI 0.19Rnk 51 / 124
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 In 2022, Japan exported $3.42B to Panama. The main products that Japan exported to Panama are Passenger and Cargo Ships ($2.78B), Large Construction Vehicles ($165M), and Cars ($129M). During the last 27 years the exports of Japan to Panama have decreased at an annualized rate of 2.67%, from $7.1B in 1995 to $3.42B in 2022.

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

Panama-Japan 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). During the last 27 years the exports of Panama to Japan have increased at an annualized rate of 8.95%, from $77.6M in 1995 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 1.99), and 4 in total exports ($728B). That same year, Panama ranked 51 in the Economic Complexity Index (ECI 0.19), and 119 in total exports ($6.62B).

Latest Trends

January, 2024

About

Overview In January 2024, Japan exported ¥33.8B and imported ¥7.48B from Panama, resulting in a positive trade balance of ¥26.3B. Between January 2023 and January 2024 the exports of Japan have decreased by ¥-18.2B (-35%) from ¥51.9B to ¥33.8B, while imports decreased by ¥-8.46B (-53.1%) from ¥15.9B to ¥7.48B.

Trade In January 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 January 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 January 2024 the exports of Japan were mainly from Ehime (¥13.4B), Kanagawa (¥6.47B), Yamaguchi (¥4.45B), Ōita (¥2.81B), and Shizuoka (¥2.1B), while imports destinations were mainly Miyagi (¥6.41B), Hiroshima (¥784M), Tokyo (¥131M), Aichi (¥57.4M), and Kanagawa (¥41.5M).

Growth In January 2024, the decrease in Japan's year-by-year exports to Panama was explained primarily by an decrease in product exports in Industrial Printers (¥-68.9M or -48.5%), Ball Bearings (¥-37.8M or -9.32%), and Gas and Liquid Flow Measuring Instruments (¥-13M or -79%). In January 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

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)¥-18.2B(-35%)
IMPORT GROWTH (January 2023 - January 2024)¥-8.46B(-53.1%)
MAIN EXPORTER (January 2024)Ehime¥13.4B

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.

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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 27 years the exports of Japan to Panama have decreased at an annualized rate of 2.67%, from $7.1B in 1995 to $3.42B in 2022.

In 2022, 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 27 years the exports of Panama to Japan have increased at an annualized rate of 8.95%, from $77.6M in 1995 to $785M in 2022.

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 2021, countries that imported more from Japan than Panama were United States ($137B), China ($135B), and South Korea ($50.8B).

In 2021, countries that imported more from Panama than Japan were 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 2022, Panama had a large net trade with Japan in the exports of Mineral Products ($627M), Transportation ($131M), and Animal Products ($8.53M).

Economic Complexity

Competitive Landscape

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

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

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