Pakistan (PAK) and Panama (PAN) Trade | The Observatory of Economic Complexity

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Pakistan-Panama Trade: In 2023, Pakistan exported $14M to Panama. The main products that Pakistan exported to Panama were Non-Knit Men's Suits ($3.57M), House Linens ($2.55M), and Sports Equipment ($1.69M). Over the past 5 years the exports of Pakistan to Panama have decreased at an annualized rate of 9.89%, from $23.6M in 2018 to $14M in 2023.

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

Panama-Pakistan Trade: In 2023, Panama exported $257k to Pakistan. The main products that Panama exported to Pakistan were Scrap Iron ($211k), Scrap Aluminium ($27k), and Tanned Equine and Bovine Hides ($16.2k). Over the past 5 years the exports of Panama to Pakistan have increased at an annualized rate of 9.15%, from $166k in 2018 to $257k in 2023.

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

Comparison: In 2023, Pakistan ranked 89 in the Economic Complexity Index (ECI -0.55), and 66 in total exports ($35.8B). 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, Pakistan exported $14M to Panama. The main products exported from Pakistan to Panama were Non-Knit Men's Suits ($3.57M), House Linens ($2.55M), and Sports Equipment ($1.69M). During the last 5 years the exports of Pakistan to Panama have decreased at an annualized rate of 9.89%, from $23.6M in 2018 to $14M in 2023.

In 2018, Panama exported $257k to Pakistan. The main products exported from Panama to Pakistan were Scrap Iron ($211k), Scrap Aluminium ($27k), and Tanned Equine and Bovine Hides ($16.2k). During the last 5 years the exports of Panama to Pakistan have increased at an annualized rate of 9.15%, from $166k in 2023 to $257k in 2018.

Exports from Pakistan () to Panama () (2023)

Exports from Panama () to Pakistan () (2023)

Latest Data

Trade between Pakistan () and Panama ()

Pakistan Exports

Date

Panama Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Pakistan
Top DestinationUnited States$5.18B

Panama
Top DestinationChina$1.62B

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

In 2023, countries that imported more from Pakistan than Panama included United States ($5.18B), United Arab Emirates ($3.7B), and United Kingdom ($2.28B).

In 2023, countries that imported more from Panama than Pakistan included Japan ($653M), Costa Rica ($307M), and India ($270M).

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

Comparative Advantage Pakistan - Panama

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Pakistan had a large net trade with Panama in the exports of Textiles ($11.3M), Miscellaneous ($1.74M), and Animal Hides ($234k).

During 2018, Panama had a large net trade with Pakistan in the exports of Metals ($240k), Animal Hides ($16.5k), and Machines ($517).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Pakistan Panama+$3.73MNon-Knit Men's Suits

Top Product Potential Panama Pakistan+$461kScrap Iron

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

About

Historical Data

Bilateral Trade by Products

Exports from Pakistan () to Panama () (2023)

Exports from Panama () to Pakistan () (2023)

Latest Data

Trade between Pakistan () and Panama ()

Pakistan Exports

Panama Exports

Market Competitiveness

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

Comparative Advantage Pakistan - Panama

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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