Switzerland (CHE) and Panama (PAN) Trade | The Observatory of Economic Complexity

About

Switzerland-Panama Trade: In 2023, Switzerland exported $148M to Panama. The main products that Switzerland exported to Panama were Packaged Medicaments ($76.8M), Vaccines, blood, antisera, toxins and cultures ($30.2M), and Base Metal Watches ($7.22M). Over the past 5 years the exports of Switzerland to Panama have decreased at an annualized rate of 7.04%, from $213M in 2018 to $148M in 2023.

In 2023, Switzerland did not export any services to Panama.

Panama-Switzerland Trade: In 2023, Panama exported $62.8M to Switzerland. The main products that Panama exported to Switzerland were Gold ($45.4M), Bananas ($11.2M), and Alcohol > 80% ABV ($3.06M). Over the past 5 years the exports of Panama to Switzerland have decreased at an annualized rate of 20.1%, from $192M in 2018 to $62.8M in 2023.

In 2023, Panama did not export any services to Switzerland.

Comparison: In 2023, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). That same year, Panama ranked 69 in the Economic Complexity Index (ECI -0.14), and 121 in total exports ($6.59B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Switzerland exported $148M to Panama. The main products exported from Switzerland to Panama were Packaged Medicaments ($76.8M), Vaccines, blood, antisera, toxins and cultures ($30.2M), and Base Metal Watches ($7.22M). During the last 5 years the exports of Switzerland to Panama have decreased at an annualized rate of 7.04%, from $213M in 2018 to $148M in 2023.

In 2018, Panama exported $62.8M to Switzerland. The main products exported from Panama to Switzerland were Gold ($45.4M), Bananas ($11.2M), and Alcohol > 80% ABV ($3.06M). During the last 5 years the exports of Panama to Switzerland have decreased at an annualized rate of 20.1%, from $192M in 2023 to $62.8M in 2018.

Exports from Switzerland () to Panama () (2023)

Exports from Panama () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Panama ()

Switzerland Exports

Date

Panama Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Panama
Top DestinationChina$1.62B

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

In 2023, countries that imported more from Switzerland than Panama included Germany ($53.8B), China ($47.7B), and United States ($45.1B).

In 2023, countries that imported more from Panama than Switzerland included Costa Rica ($307M), Guyana ($81.3M), and Gabon ($121M).

Difference in imports from Panama () and Switzerland () (2023)

Comparative Advantage Switzerland - Panama

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Switzerland had a large net trade with Panama in the exports of Chemical Products ($111M), Instruments ($18M), and Foodstuffs ($6.2M).

During 2018, Panama had a large net trade with Switzerland in the exports of Precious Metals ($46.1M), Vegetable Products ($11.6M), and Foodstuffs ($4.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Panama+$18.7MPackaged Medicaments

Top Product Potential Panama Switzerland+$11.6MGold

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Panama () (2023)

Exports from Panama () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Panama ()

Switzerland Exports

Panama Exports

Market Competitiveness

Difference in imports from Panama () and Switzerland () (2023)

Comparative Advantage Switzerland - Panama

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Switzerland () and Panama () (2023)

Keep Exploring