Panama (PAN) and Japan (JPN) Trade | The Observatory of Economic Complexity

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Panama-Japan Trade: In 2023, Panama exported $653M to Japan. The main products that Panama exported to Japan were Copper Ore ($503M), Passenger and Cargo Ships ($121M), and Integrated Circuits ($9.94M). Over the past 5 years the exports of Panama to Japan have increased at an annualized rate of 32.5%, from $160M in 2018 to $653M in 2023.

In 2023, Panama did not export any services to Japan.

Japan-Panama Trade: In 2023, Japan exported $3.74B to Panama. The main products that Japan exported to Panama were Passenger and Cargo Ships ($3.37B), Cars ($131M), and Large Construction Vehicles ($31.5M). Over the past 5 years the exports of Japan to Panama have decreased at an annualized rate of 8.68%, from $5.89B in 2018 to $3.74B in 2023.

In 2023, Japan did not export any services to Panama.

Comparison: In 2023, Panama ranked 69 in the Economic Complexity Index (ECI -0.14), and 121 in total exports ($6.59B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Panama exported $653M to Japan. The main products exported from Panama to Japan were Copper Ore ($503M), Passenger and Cargo Ships ($121M), and Integrated Circuits ($9.94M). During the last 5 years the exports of Panama to Japan have increased at an annualized rate of 32.5%, from $160M in 2018 to $653M in 2023.

In 2018, Japan exported $3.74B to Panama. The main products exported from Japan to Panama were Passenger and Cargo Ships ($3.37B), Cars ($131M), and Large Construction Vehicles ($31.5M). During the last 5 years the exports of Japan to Panama have decreased at an annualized rate of 8.68%, from $5.89B in 2023 to $3.74B in 2018.

Exports from Panama () to Japan () (2023)

Exports from Japan () to Panama () (2023)

Latest Data

Trade between Panama () and Japan ()

Panama Exports

Date

Japan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Panama
Top DestinationChina$1.62B

Japan
Top DestinationUnited States$143B

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

In 2023, countries that imported more from Panama than Japan included Aruba ($35M), Gabon ($121M), and British Indian Ocean Territory ($1.53M).

In 2023, countries that imported more from Japan than Panama included United States ($143B), China ($138B), and Chinese Taipei ($43B).

Difference in imports from Japan () and Panama () (2023)

Comparative Advantage Panama - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Panama had a large net trade with Japan in the exports of Mineral Products ($504M), Transportation ($121M), and Machines ($10.4M).

During 2018, Japan had a large net trade with Panama in the exports of Transportation ($3.59B), Machines ($103M), and Plastics and Rubbers ($15.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Panama Japan+$2.53MNon-fillet Frozen Fish

Top Product Potential Japan Panama+$35.6MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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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 Japan. This means that a dot/product with the flag of Panama indicates it has a comparative advantage over Japan. Similarly, a dot/product with the flag of Japan indicates it has a comparative advantage over Panama.

About

Historical Data

Bilateral Trade by Products

Exports from Panama () to Japan () (2023)

Exports from Japan () to Panama () (2023)

Latest Data

Trade between Panama () and Japan ()

Panama Exports

Japan Exports

Market Competitiveness

Difference in imports from Japan () and Panama () (2023)

Comparative Advantage Panama - Japan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Panama () and Japan () (2023)

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