Flag Panama / Aruba Flag

2020
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Exports
: $27.1M, Rnk 30 / 124

2020
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Top Product
: $9.6M, Packaged Medicaments

2020
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Exports
: $9.16k, Rnk 129 / 0

2020
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Economic Complexity (ECI)
: ECI -0.008, Rnk 58 / 127

2020
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GDP
: $54B, CURRENT US$
Rnk 82 / 204

2010-2020
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GDP GROWTH
: 83.3%, CURRENT US$
Rnk 23 / 204

2020
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 GDP
: $2.5B, CURRENT US$
Rnk 173 / 204

2010-2020
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GDP GROWTH
: 1.75%, CURRENT US$
Rnk 159 / 204

2020
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GDP PC 
: $12,510, CURRENT US$
Rnk 72 / 204

2010-2020
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GDP PC GROWTH
: 54.8%, CURRENT US$
Rnk 27 / 204

2020
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GDP PC
: $23,384, CURRENT US$
Rnk 47 / 204

2010-2020
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GDP PC GROWTH
: -3.11%, CURRENT US$
Rnk 154 / 204

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

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Bilateral Trade by Products

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Depth
Value

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.

Panama Exports

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Market Competitiveness

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Measure

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

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Flow
Scale

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

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Competitive Landscape

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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.