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

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Panama-Japan Trade: In 2022, Panama exported $785M to Japan. The main products that Panama exported to Japan were Copper Ore ($627M), Passenger and Cargo Ships ($131M), and Integrated Circuits ($6.65M). Over the past 5 years the exports of Panama to Japan have increased at an annualized rate of 14.7%, from $395M in 2017 to $785M in 2022.

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

Japan-Panama Trade: In 2022, Japan exported $3.42B to Panama. The main products that Japan exported to Panama were Passenger and Cargo Ships ($2.78B), Large Construction Vehicles ($165M), and Cars ($129M). Over the past 5 years the exports of Japan to Panama have decreased at an annualized rate of 9.05%, from $5.5B in 2017 to $3.42B in 2022.

In 2022, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Panama exported $785M to Japan. The main products exported from Panama to Japan were Copper Ore ($627M), Passenger and Cargo Ships ($131M), and Integrated Circuits ($6.65M). During the last 5 years the exports of Panama to Japan have increased at an annualized rate of 14.7%, from $395M in 2017 to $785M in 2022.

In 2017, Japan exported $3.42B to Panama. The main products exported from Japan to Panama were Passenger and Cargo Ships ($2.78B), Large Construction Vehicles ($165M), and Cars ($129M). During the last 5 years the exports of Japan to Panama have decreased at an annualized rate of 9.05%, from $5.5B in 2022 to $3.42B in 2017.

Exports from Panama () to Japan () (2022)

Exports from Japan () to Panama () (2022)

Latest Data

Trade between Panama () and Japan ()

Panama Exports

Date

Japan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Panama
Top DestinationChina$1.14B

Japan
Top DestinationUnited States$137B

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 2022, countries that imported more from Panama than Japan included Aruba ($43.4M), British Indian Ocean Territory ($653k), and Bonaire ($639k).

In 2022, countries that imported more from Japan than Panama included United States ($137B), China ($135B), and South Korea ($50.8B).

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

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 2022, Panama had a large net trade with Japan in the exports of Mineral Products ($627M), Transportation ($131M), and Animal Products ($8.53M).

During 2017, Japan had a large net trade with Panama in the exports of Transportation ($3.02B), Machines ($322M), and Plastics and Rubbers ($24.1M).

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 () (2022)

Exports from Japan () to Panama () (2022)

Latest Data

Trade between Panama () and Japan ()

Panama Exports

Japan Exports

Market Competitiveness

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

Comparative Advantage Panama - Japan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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