2022
Flag  
GDP
$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH
89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
 GDP
$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH
-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
GDP PC 
$17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH
61.2%CURRENT US$
Rnk 26 / 186
2022
Flag
GDP PC
$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH
-18.1%CURRENT US$
Rnk 169 / 186

About

Panama-Colombia In 2022, Panama exported $62.4M to Colombia. The main products that Panama exported to Colombia are Refined Petroleum ($28.2M), Packaged Medicaments ($5.48M), and Scrap Iron ($3.5M). During the last 27 years the exports of Panama to Colombia have increased at an annualized rate of 3.11%, from $27.3M in 1995 to $62.4M in 2022.

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

Colombia-Panama In 2022, Colombia exported $5.84B to Panama. The main products that Colombia exported to Panama were Crude Petroleum ($5.23B), Refined Petroleum ($174M), and Coal Briquettes ($69.8M). During the last 27 years the exports of Colombia to Panama have increased at an annualized rate of 15.1%, from $131M in 1995 to $5.84B in 2022.

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

Comparison In 2022,  Panama ranked 51 in the Economic Complexity Index (ECI 0.19), and 119 in total exports ($6.62B). That same year, Colombia ranked 57 in the Economic Complexity Index (ECI 0.094), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Panama exported $62.4M to Colombia. The main products exported from Panama to Colombia were Refined Petroleum ($28.2M), Packaged Medicaments ($5.48M), and Scrap Iron ($3.5M). During the last 27 years the exports of Panama to Colombia have increased at an annualized rate of 3.11%, from $27.3M in 1995 to $62.4M in 2022.

In 2022, Colombia exported $5.84B to Panama. The main products exported from Colombia to Panama were Crude Petroleum ($5.23B), Refined Petroleum ($174M), and Coal Briquettes ($69.8M). During the last 27 years the exports of Colombia to Panama have increased at an annualized rate of 15.1%, from $131M in 1995 to $5.84B in 2022.

Exports from Panama (Flag) to Colombia (Flag) (2022)

Exports from Colombia (Flag) to Panama (Flag) (2022)

Latest Data

Trade between Panama (Flag) and Colombia (Flag)

Panama Exports

Colombia Exports

Market Competitiveness

Color
Panama
Top Destination
China$1.14B
Colombia
Top Destination
United States$15.6B

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

In 2021, countries that imported more from Panama than Colombia were Thailand ($295M), Bulgaria ($176M), and Japan ($785M).

In 2021, countries that imported more from Colombia than Panama were United States ($15.6B), Netherlands ($3.67B), and Brazil ($2.39B).

Difference in imports from Colombia (Flag) and Panama (Flag) (2022)

Comparative Advantage Panama - Colombia

Flow
Scale

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

During 2022, Panama had a large net trade with Colombia in the exports of Mineral Products ($29.3M), Chemical Products ($8.38M), and Metals ($7.56M).

During 2022, Colombia had a large net trade with Panama in the exports of Mineral Products ($5.48B), Chemical Products ($90.3M), and Machines ($44.9M).

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

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

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