Panama (PAN) and Aruba (ABW) Trade | OEC - The Observatory of Economic Complexity

About

Panama-Aruba In 2020, Panama exported $27.1M to Aruba. The main products that Panama exported to Aruba are Packaged Medicaments ($9.6M), Hard Liquor ($1.6M), and Refrigerators ($911k). During the last 25 years the exports of Panama to Aruba have increased at an annualized rate of 11%, from $1.98M in 1995 to $27.1M in 2020.

In 2020, Panama did not export any services to Aruba.

Aruba-Panama In 2020, Aruba exported $9.16k to Panama. The main products that Aruba exported to Panama were N/A. During the last 25 years the exports of Aruba to Panama have decreased at an annualized rate of 23.9%, from $8.43M in 1995 to $9.16k in 2020.

In 2020, Aruba did not export any services to Panama.

Comparison In 2020, Panama ranked 58 in the Economic Complexity Index (ECI -0.008), and 122 in total exports ($4.04B). That same year, Aruba ranked 188 in total exports ($117M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

Value

Year

In 2020, Panama exported $27.1M to Aruba. The main products exported from Panama to Aruba were Packaged Medicaments ($9.6M), Hard Liquor ($1.6M), and Refrigerators ($911k). During the last 25 years the exports of Panama to Aruba have increased at an annualized rate of 11%, from $1.98M in 1995 to $27.1M in 2020.

In 2019, Aruba exported $9.16k to Panama. There were not main exports from Aruba to Panama in 2019. During the last 24 years the exports of Aruba to Panama have decreased at an annualized rate of 23.9%, from $8.43M in 1995 to $9.16k in 2019.

Latest Data

Panama Exports

Date

Aruba Exports

Date

Market Competitiveness

Measure

SectionYear

Panama
Top Destination: Guatemala, $613M

Aruba
Top Destination: South Korea, $72.8M

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

In 2019, countries that imported more from Panama than Aruba were Guatemala ($613M), China ($405M), and Netherlands ($299M).

In 2019, countries that imported more from Aruba than Panama were Venezuela ($7.04M), Jordan ($7.09M), and Kuwait ($1.03M).

Comparative Advantage Panama - Aruba

Flow

Scale

Year

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

During 2020, Panama had a large net trade with Aruba in the exports of Chemical Products ($11M), Machines ($3.42M), and Textiles ($3.36M).

During 2019, Aruba had a large net trade with Panama in the exports of .

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Latest Data

Panama Exports

Aruba Exports

Market Competitiveness

Comparative Advantage Panama - Aruba

Economic Complexity

Competitive Landscape

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