Panama (PAN) and Estonia (EST) Trade | The Observatory of Economic Complexity

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Panama-Estonia Trade: In 2022, Panama exported $2.42M to Estonia. The main products that Panama exported to Estonia were Bananas ($2.1M), Hard Liquor ($223k), and Melons ($47.2k). Over the past 5 years the exports of Panama to Estonia have increased at an annualized rate of 17.1%, from $1.1M in 2017 to $2.42M in 2022.

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

Estonia-Panama Trade: In 2022, Estonia exported $15.4M to Panama. The main products that Estonia exported to Panama were Refined Petroleum ($11.9M), Coal Tar Oil ($2.51M), and Crude Petroleum ($265k). Over the past 5 years the exports of Estonia to Panama have increased at an annualized rate of 98.1%, from $506k in 2017 to $15.4M in 2022.

In 2022, Estonia 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, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Panama exported $2.42M to Estonia. The main products exported from Panama to Estonia were Bananas ($2.1M), Hard Liquor ($223k), and Melons ($47.2k). During the last 5 years the exports of Panama to Estonia have increased at an annualized rate of 17.1%, from $1.1M in 2017 to $2.42M in 2022.

In 2017, Estonia exported $15.4M to Panama. The main products exported from Estonia to Panama were Refined Petroleum ($11.9M), Coal Tar Oil ($2.51M), and Crude Petroleum ($265k). During the last 5 years the exports of Estonia to Panama have increased at an annualized rate of 98.1%, from $506k in 2022 to $15.4M in 2017.

Exports from Panama () to Estonia () (2022)

Exports from Estonia () to Panama () (2022)

Latest Data

Trade between Panama () and Estonia ()

Estonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Panama
Top DestinationChina$1.14B

Estonia
Top DestinationFinland$3B

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

In 2022, countries that imported more from Panama than Estonia included China ($1.14B), Japan ($785M), and South Korea ($539M).

In 2022, countries that imported more from Estonia than Panama included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

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

Comparative Advantage Panama - Estonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Panama had a large net trade with Estonia in the exports of Vegetable Products ($2.14M), Foodstuffs ($235k), and Footwear and Headwear ($24k).

During 2017, Estonia had a large net trade with Panama in the exports of Mineral Products ($14.7M), Machines ($221k), and Instruments ($193k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Panama and Estonia. This means that a dot/product with the flag of Panama indicates it has a comparative advantage over Estonia. Similarly, a dot/product with the flag of Estonia indicates it has a comparative advantage over Panama.

About

Historical Data

Bilateral Trade by Products

Exports from Panama () to Estonia () (2022)

Exports from Estonia () to Panama () (2022)

Latest Data

Trade between Panama () and Estonia ()

Estonia Exports

Market Competitiveness

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

Comparative Advantage Panama - Estonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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