Panama (PAN) and Cambodia (KHM) Trade | The Observatory of Economic Complexity

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Panama-Cambodia Trade: In 2022, Panama exported $725k to Cambodia. The main products that Panama exported to Cambodia were Equine and Bovine Hides ($449k), Tanned Equine and Bovine Hides ($252k), and Leather Sheets ($23.8k). Over the past 5 years the exports of Panama to Cambodia have increased at an annualized rate of 87.8%, from $31k in 2017 to $725k in 2022.

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

Cambodia-Panama Trade: In 2022, Cambodia exported $15.5M to Panama. The main products that Cambodia exported to Panama were Trunks and Cases ($2.6M), Rubber Footwear ($2.52M), and Knit T-shirts ($1.83M). Over the past 5 years the exports of Cambodia to Panama have decreased at an annualized rate of 3.57%, from $18.6M in 2017 to $15.5M in 2022.

In 2022, Cambodia 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, Cambodia ranked 92 in the Economic Complexity Index (ECI -0.6), and 69 in total exports ($35.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Panama exported $725k to Cambodia. The main products exported from Panama to Cambodia were Equine and Bovine Hides ($449k), Tanned Equine and Bovine Hides ($252k), and Leather Sheets ($23.8k). During the last 5 years the exports of Panama to Cambodia have increased at an annualized rate of 87.8%, from $31k in 2017 to $725k in 2022.

In 2017, Cambodia exported $15.5M to Panama. The main products exported from Cambodia to Panama were Trunks and Cases ($2.6M), Rubber Footwear ($2.52M), and Knit T-shirts ($1.83M). During the last 5 years the exports of Cambodia to Panama have decreased at an annualized rate of 3.57%, from $18.6M in 2022 to $15.5M in 2017.

Exports from Panama () to Cambodia () (2022)

Exports from Cambodia () to Panama () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Panama
Top DestinationChina$1.14B

Cambodia
Top DestinationUnited States$13B

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

In 2022, countries that imported more from Panama than Cambodia included Costa Rica ($242M), Bulgaria ($176M), and Guatemala ($148M).

In 2022, countries that imported more from Cambodia than Panama included United States ($13B), Vietnam ($3.67B), and Germany ($2.41B).

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

Comparative Advantage Panama - Cambodia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Panama had a large net trade with Cambodia in the exports of Animal Hides ($725k).

During 2017, Cambodia had a large net trade with Panama in the exports of Textiles ($8.08M), Footwear and Headwear ($4.4M), and Animal Hides ($2.65M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Panama Cambodia+$28.8kTanned Equine and Bovine Hides

Top Product Potential Cambodia Panama+$2.53MTrunks and Cases

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

About

Historical Data

Bilateral Trade by Products

Exports from Panama () to Cambodia () (2022)

Exports from Cambodia () to Panama () (2022)

Market Competitiveness

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

Comparative Advantage Panama - Cambodia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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