2021
Flag  
GDP
$67.4BCURRENT US$
Rnk 78 / 204
2011-2021
Flag
GDP GROWTH
94.3%CURRENT US$
Rnk 21 / 204
2021
Flag
 GDP
$319BCURRENT US$
Rnk 43 / 204
2011-2021
Flag
GDP GROWTH
-4.91%CURRENT US$
Rnk 179 / 204
2021
Flag
GDP PC 
$15,491CURRENT US$
Rnk 72 / 204
2011-2021
Flag
GDP PC GROWTH
64.7%CURRENT US$
Rnk 18 / 204
2021
Flag
GDP PC
$6,183CURRENT US$
Rnk 109 / 204
2011-2021
Flag
GDP PC GROWTH
-16.4%CURRENT US$
Rnk 175 / 204

About

Panama-Colombia In 2021, Panama exported $43.9M to Colombia. The main products that Panama exported to Colombia are Scrap Iron ($10.1M), Refined Petroleum ($4.91M), and Jewellery ($3.34M). During the last 26 years the exports of Panama to Colombia have increased at an annualized rate of 1.84%, from $27.3M in 1995 to $43.9M in 2021.

In 2021, Panama did not export any services to Colombia.

Colombia-Panama In 2021, Colombia exported $2.4B to Panama. The main products that Colombia exported to Panama were Crude Petroleum ($1.94B), Refined Petroleum ($65.8M), and Coal Briquettes ($65.5M). During the last 26 years the exports of Colombia to Panama have increased at an annualized rate of 11.8%, from $131M in 1995 to $2.4B in 2021.

In 2021, Colombia did not export any services to Panama.

Comparison In 2021,  Panama ranked 51 in the Economic Complexity Index (ECI 0.31), and 112 in total exports ($6.77B). That same year, Colombia ranked 56 in the Economic Complexity Index (ECI 0.14), and 60 in total exports ($42.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Panama exported $43.9M to Colombia. The main products exported from Panama to Colombia were Scrap Iron ($10.1M), Refined Petroleum ($4.91M), and Jewellery ($3.34M). During the last 26 years the exports of Panama to Colombia have increased at an annualized rate of 1.84%, from $27.3M in 1995 to $43.9M in 2021.

In 2021, Colombia exported $2.4B to Panama. The main products exported from Colombia to Panama were Crude Petroleum ($1.94B), Refined Petroleum ($65.8M), and Coal Briquettes ($65.5M). During the last 26 years the exports of Colombia to Panama have increased at an annualized rate of 11.8%, from $131M in 1995 to $2.4B in 2021.

Exports from Panama (Flag) to Colombia (Flag) (2021)

Exports from Colombia (Flag) to Panama (Flag) (2021)

Latest Data

Trade between Panama (Flag) and Colombia (Flag)

Panama Exports

Colombia Exports

Market Competitiveness

Color
Panama
Top Destination
China$1.11B
Colombia
Top Destination
United States$11.7B

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 Japan ($782M), Thailand ($207M), and Guatemala ($508M).

In 2021, countries that imported more from Colombia than Panama were United States ($11.7B), China ($3.69B), and India ($2.27B).

Difference in imports from Colombia (Flag) and Panama (Flag) (2021)

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 2021, Panama had a large net trade with Colombia in the exports of Metals ($12.2M), Mineral Products ($5.26M), and Foodstuffs ($4.06M).

During 2021, Colombia had a large net trade with Panama in the exports of Mineral Products ($2.08B), Chemical Products ($86M), and Foodstuffs ($36.9M).

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) (2021)

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