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Pricing

2022
Flag → Flag
Exports $10.8BRnk 34 / 219
2022
Flag → Flag
Top Product $6.16BRefined Petroleum
2022
Flag → Flag
Exports $357MRnk 4 / 153
2022
Flag → Flag
Top Product $90.1MNon-fillet Fresh Fish
2022
Flag
Economic Complexity (ECI) ECI 1.41Rnk 10 / 124
2022
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Economic Complexity (ECI) ECI 0.19Rnk 51 / 124
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
 GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC$17,358CURRENT US$
Rnk 59 / 186
2012-2022
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GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186

About

United States-Panama In 2022, United States exported $10.8B to Panama. The main products that United States exported to Panama are Refined Petroleum ($6.16B), Crude Petroleum ($683M), and Petroleum Gas ($265M). During the last 27 years the exports of United States to Panama have increased at an annualized rate of 7.91%, from $1.38B in 1995 to $10.8B in 2022.

In 2017, United States exported services to Panama worth $2.13B, with Transportation ($732M), Travel ($478M), and Financial services ($423M) being the largest in terms of value.

Panama-United States In 2022, Panama exported $357M to United States. The main products that Panama exported to United States were Non-fillet Fresh Fish ($90.1M), Precious Metal Scraps ($37.2M), and Raw Sugar ($27.8M). During the last 27 years the exports of Panama to United States have increased at an annualized rate of 0.3%, from $329M in 1995 to $357M in 2022.

In 2022, Panama did not export any services to United States.

Comparison In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Panama ranked 51 in the Economic Complexity Index (ECI 0.19), and 119 in total exports ($6.62B).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (9.92k), SAMSUNG ELECTRONICS AMERICA (4.21k), and LG ELECTRONICS U.S.A. INC. (1.42k) were at the forefront of exporting goods from Panama to the United States. Conversely, SAMSUNG ELECTRONICS DIGITAL APPLIAN (4.02k), TEMASA INDUSTRIA DE MOVEIS LTDA (2.44k), and INDUSTRIA DE MOVEIS 3 IRMAOS SOCIED (2.29k) were notable for importing Panama products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $886M and imported $36.8M from Panama, resulting in a positive trade balance of $850M. Between January 2023 and January 2024 the exports of United States have increased by $99.5M (12.6%) from $787M to $886M, while imports decreased by $-2.64M (-6.7%) from $39.4M to $36.8M.

Trade In January 2024, the top exports of United States to Panama were Refined Petroleum ($388M), Aircraft Parts ($65.1M), Petroleum Gas ($50.8M), Commodities not elsewhere specified ($32.4M), and Telephones ($17.2M). In January 2024 the top imports of United States from Panama were Commodities not elsewhere specified ($12.4M), Non-fillet Fresh Fish ($4.74M), Precious Metal Scraps ($3.88M), Bananas ($3.57M), and Fish Fillets ($1.91M).

Origins In January 2024 the exports of United States were mainly from Texas ($272M), Mississippi ($163M), Florida ($125M), Michigan ($61.2M), and Ohio ($46.8M), while imports destinations were mainly Florida ($18.7M), New York ($3.68M), Illinois ($3.5M), Texas ($2.25M), and New Jersey ($1.52M).

Growth In January 2024, the increase in United States's year-by-year exports to Panama was explained primarily by an increase in product exports in Refined Petroleum ($111M or 40.1%), Petroleum Gas ($11.2M or 28.4%), and Commodities not elsewhere specified ($8.9M or 37.9%). In January 2024, the decrease in United States's year-by-year imports  from Panama was explained primarily by an decrease in product imports  in Non-fillet Fresh Fish ($-2.52M or -34.7%), Commodities not elsewhere specified ($-1.24M or -9.13%), and Other Plastic Products ($-562k or -55.9%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)$99.5M(12.6%)
IMPORT GROWTH (January 2023 - January 2024)$-2.64M(-6.7%)
MAIN EXPORTER (January 2024)Texas$272M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Panama and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $10.8B to Panama. The main products exported from United States to Panama were Refined Petroleum ($6.16B), Crude Petroleum ($683M), and Petroleum Gas ($265M). During the last 27 years the exports of United States to Panama have increased at an annualized rate of 7.91%, from $1.38B in 1995 to $10.8B in 2022.

In 2022, Panama exported $357M to United States. The main products exported from Panama to United States were Non-fillet Fresh Fish ($90.1M), Precious Metal Scraps ($37.2M), and Raw Sugar ($27.8M). During the last 27 years the exports of Panama to United States have increased at an annualized rate of 0.3%, from $329M in 1995 to $357M in 2022.

Exports from United States (Flag) to Panama (Flag) (2022)

Exports from Panama (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Panama
Top DestinationChina$1.14B

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

In 2021, countries that imported more from United States than Panama were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from Panama than United States were Bonaire ($639k).

Difference in imports from Panama (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Panama

Flow
Scale

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

During 2022, United States had a large net trade with Panama in the exports of Mineral Products ($7.2B), Machines ($886M), and Foodstuffs ($651M).

During 2022, Panama had a large net trade with United States in the exports of Animal Products ($123M), Precious Metals ($65.1M), and Vegetable Products ($35M).

Service Trade

Bilateral Service Trade

In 2017, United States exported services to Panama worth $2.13B, with Transportation ($732M), Travel ($478M), and Financial services ($423M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States (Flag) to Panama (Flag) (2017)

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

Product Space of United States (Flag) and Panama (Flag) (2022)

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