Panama (PAN) and Canada (CAN) Trade | The Observatory of Economic Complexity

About

Panama-Canada In 2022, Panama exported $150M to Canada. The main products that Panama exported to Canada are Copper Ore ($136M), Bananas ($4.7M), and Hard Liquor ($2.69M). During the last 27 years the exports of Panama to Canada have increased at an annualized rate of 8.56%, from $16.3M in 1995 to $150M in 2022.

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

Canada-Panama In 2022, Canada exported $310M to Panama. The main products that Canada exported to Panama were Refined Petroleum ($191M), Liquid Pumps ($13.6M), and Dried Legumes ($12.4M). During the last 27 years the exports of Canada to Panama have increased at an annualized rate of 6.8%, from $52.4M in 1995 to $310M in 2022.

In 2020, Canada exported services to Panama worth $14.9M, with Communications services ($4.47M), Financial services ($4.47M), and Computer and information services ($4.47M) being the largest in terms of value.

Comparison In 2022, Panama ranked 51 in the Economic Complexity Index (ECI 0.19), and 119 in total exports ($6.62B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.85), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Panama exported $150M to Canada. The main products exported from Panama to Canada were Copper Ore ($136M), Bananas ($4.7M), and Hard Liquor ($2.69M). During the last 27 years the exports of Panama to Canada have increased at an annualized rate of 8.56%, from $16.3M in 1995 to $150M in 2022.

In 2022, Canada exported $310M to Panama. The main products exported from Canada to Panama were Refined Petroleum ($191M), Liquid Pumps ($13.6M), and Dried Legumes ($12.4M). During the last 27 years the exports of Canada to Panama have increased at an annualized rate of 6.8%, from $52.4M in 1995 to $310M in 2022.

Exports from Panama () to Canada () (2022)

Exports from Canada () to Panama () (2022)

Latest Data

Trade between Panama () and Canada ()

Panama Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Panama
Top DestinationChina$1.14B

Canada
Top DestinationUnited States$438B

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

In 2021, countries that imported more from Panama than Canada were Bulgaria ($176M), Aruba ($43.4M), and Costa Rica ($242M).

In 2021, countries that imported more from Canada than Panama were United States ($438B), China ($25.4B), and Japan ($14.3B).

Difference in imports from Canada () and Panama () (2022)

Comparative Advantage Panama - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Panama had a large net trade with Canada in the exports of Mineral Products ($136M), Vegetable Products ($5.46M), and Foodstuffs ($3.92M).

During 2022, Canada had a large net trade with Panama in the exports of Mineral Products ($191M), Machines ($33.4M), and Foodstuffs ($16.5M).

Service Trade

Bilateral Service Trade

Can Year

In 2020, Canada exported services to Panama worth $14.9M, with Communications services ($4.47M), Financial services ($4.47M), and Computer and information services ($4.47M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada () to Panama () (2020)

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

About

Historical Data

Bilateral Trade by Products

Exports from Panama () to Canada () (2022)

Exports from Canada () to Panama () (2022)

Latest Data

Trade between Panama () and Canada ()

Panama Exports

Canada Exports

Market Competitiveness

Difference in imports from Canada () and Panama () (2022)

Comparative Advantage Panama - Canada

Service Trade

Bilateral Service Trade

Services Exports from Canada () to Panama () (2020)

Economic Complexity

Competitive Landscape

Product Space of Panama () and Canada () (2022)

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