Panama-Colombia Trade: In 2022, Panama exported $364M to Colombia. The main products that Panama exported to Colombia were Refined Petroleum ($28.2M), Packaged Medicaments ($5.48M), and Scrap Iron ($3.5M). Over the past 5 years the exports of Panama to Colombia have increased at an annualized rate of 67.8%, from $27.3M in 2017 to $364M in 2022.
In 2022, Panama did not export any services to Colombia.
Colombia-Panama Trade: In 2022, Colombia exported $2.6B to Panama. The main products that Colombia exported to Panama were Crude Petroleum ($5.23B), Refined Petroleum ($174M), and Coal Briquettes ($69.8M). Over the past 5 years the exports of Colombia to Panama have increased at an annualized rate of 81.7%, from $131M in 2017 to $2.6B in 2022.
In 2022, Colombia did not export any services to Panama.
Comparison: In 2022, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B). That same year, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).