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Pricing

2022
Flag → Flag
Exports $84.9MRnk 19 / 153
2022
Flag → Flag
Top Product $15.3MRefined Petroleum
2022
Flag → Flag
Exports $4.97BRnk 3 / 170
2022
Flag → Flag
Top Product $4.02BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.19Rnk 51 / 124
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 102 / 124
2022
Flag  
GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Panama-Ecuador In 2022, Panama exported $84.9M to Ecuador. The main products that Panama exported to Ecuador are Refined Petroleum ($15.3M), Non-fillet Frozen Fish ($13.7M), and Electrical Transformers ($5.75M). During the last 27 years the exports of Panama to Ecuador have increased at an annualized rate of 0.66%, from $71M in 1995 to $84.9M in 2022.

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

Ecuador-Panama In 2022, Ecuador exported $4.97B to Panama. The main products that Ecuador exported to Panama were Crude Petroleum ($4.02B), Refined Petroleum ($877M), and Animal Food ($8.09M). During the last 27 years the exports of Ecuador to Panama have increased at an annualized rate of 13.5%, from $163M in 1995 to $4.97B in 2022.

In 2022, Ecuador 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, Ecuador ranked 102 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Panama exported $84.9M to Ecuador. The main products exported from Panama to Ecuador were Refined Petroleum ($15.3M), Non-fillet Frozen Fish ($13.7M), and Electrical Transformers ($5.75M). During the last 27 years the exports of Panama to Ecuador have increased at an annualized rate of 0.66%, from $71M in 1995 to $84.9M in 2022.

In 2022, Ecuador exported $4.97B to Panama. The main products exported from Ecuador to Panama were Crude Petroleum ($4.02B), Refined Petroleum ($877M), and Animal Food ($8.09M). During the last 27 years the exports of Ecuador to Panama have increased at an annualized rate of 13.5%, from $163M in 1995 to $4.97B in 2022.

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

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

Latest Data

Trade between Panama (Flag) and Ecuador (Flag)

Panama Exports

Ecuador Exports

Market Competitiveness

Color
Panama
Top DestinationChina$1.14B
Ecuador
Top DestinationUnited States$9.86B

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

In 2021, countries that imported more from Panama than Ecuador were South Korea ($539M), Thailand ($295M), and Japan ($785M).

In 2021, countries that imported more from Ecuador than Panama were United States ($9.86B), China ($6.17B), and Chile ($1.34B).

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

Comparative Advantage Panama - Ecuador

Flow
Scale

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

During 2022, Panama had a large net trade with Ecuador in the exports of Machines ($20.1M), Animal Products ($16.1M), and Mineral Products ($15.4M).

During 2022, Ecuador had a large net trade with Panama in the exports of Mineral Products ($4.9B), Foodstuffs ($17M), and Chemical Products ($9.39M).

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

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

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