Panama

Overview In 2022, Panama was the number 74 economy in the world in terms of GDP (current US$), the number 119 in total exports, the number 59 in total imports, the number 59 economy in terms of GDP per capita (current US$) and the number 51 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Panama are Copper Ore ($2.94B), Passenger and Cargo Ships ($691M), Special Purpose Ships ($195M), Bananas ($191M), and Refined Petroleum ($179M), exporting mostly to China ($1.14B), Japan ($785M), South Korea ($539M), United States ($357M), and Spain ($306M).

Imports The top imports of Panama are Crude Petroleum ($16.1B), Refined Petroleum ($11.7B), Passenger and Cargo Ships ($5.4B), Packaged Medicaments ($819M), and Cars ($786M), importing mostly from China ($11.2B), United States ($10.8B), Guyana ($5.84B), Colombia ($5.84B), and Ecuador ($4.97B).

Location Panama borders Colombia and Costa Rica by land and Colombia and Ecuador by sea.