2022
Flag  
GDP
$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH
-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
 GDP
$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH
89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
GDP PC 
$8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH
-27.7%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC
$17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH
61.2%CURRENT US$
Rnk 26 / 186

About

Brazil-Panama Trade: In 2022, Brazil exported $873M to Panama. The main products that Brazil exported to Panama were Refined Petroleum ($467M), Corn ($57.8M), and Cars ($43.2M). Over the past 5 years the exports of Brazil to Panama have increased at an annualized rate of 6.62%, from $633M in 2017 to $873M in 2022.

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

Panama-Brazil Trade: In 2022, Panama exported $14.7M to Brazil. The main products that Panama exported to Brazil were Scrap Aluminium ($9.56M), Steel Ingots ($1.74M), and Diamonds ($556k). Over the past 5 years the exports of Panama to Brazil have decreased at an annualized rate of 20.2%,  from $45.4M in 2017 to $14.7M in 2022.

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

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). That same year, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $873M to Panama. The main products exported from Brazil to Panama were Refined Petroleum ($467M), Corn ($57.8M), and Cars ($43.2M). During the last 5 years the exports of Brazil to Panama have increased at an annualized rate of 6.62%, from $633M in 2017 to $873M in 2022.

In 2017, Panama exported $14.7M to Brazil. The main products exported from Panama to Brazil were Scrap Aluminium ($9.56M), Steel Ingots ($1.74M), and Diamonds ($556k). During the last 5 years the exports of Panama to Brazil have decreased at an annualized rate of 20.2%, from $45.4M in 2022 to $14.7M in 2017.

Exports from Brazil (Flag) to Panama (Flag) (2022)

Exports from Panama (Flag) to Brazil (Flag) (2022)

Market Competitiveness

Color
Brazil
Top Destination
China$90.1B
Panama
Top Destination
China$1.14B

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

In 2022, countries that imported more from Brazil than Panama included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2022, countries that imported more from Panama than Brazil included Barbados ($45.1M), British Indian Ocean Territory ($653k), and Andorra ($852k).

Difference in imports from Panama (Flag) and Brazil (Flag) (2022)

Comparative Advantage Brazil - Panama

Flow
Scale

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

During 2022, Brazil had a large net trade with Panama in the exports of Mineral Products ($467M), Machines ($85.5M), and Vegetable Products ($67.1M).

During 2017, Panama had a large net trade with Brazil in the exports of Metals ($11.4M), Machines ($906k), and Precious Metals ($557k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Panama+$11.5MCars
Top Product Potential Panama Brazil+$346kMedical Instruments

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Brazil and Panama. This means that a dot/product with the flag of Brazil indicates it has a comparative advantage over Panama. Similarly, a dot/product with the flag of Panama indicates it has a comparative advantage over Brazil.

Product Space of Brazil (Flag) and Panama (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with