2022
Flag  
GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
12.7%CURRENT US$
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2022
Flag
 GDP
$76.5BCURRENT US$
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2012-2022
Flag
GDP GROWTH
89.3%CURRENT US$
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2022
Flag
GDP PC 
$15,356CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
-0.33%CURRENT US$
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2022
Flag
GDP PC
$17,358CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
61.2%CURRENT US$
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About

Chile-Panama In 2022, Chile exported $340M to Panama. The main products that Chile exported to Panama are Refined Petroleum ($168M), Copper Wire ($17.2M), and Fish Fillets ($12.7M). During the last 27 years the exports of Chile to Panama have increased at an annualized rate of 9.69%, from $28M in 1995 to $340M in 2022.

In 2009, Chile exported services to Panama worth $31.9M, with Transportation ($20.6M) and Other business services ($11.3M) being the largest in terms of value.

Panama-Chile In 2022, Panama exported $85.9M to Chile. The main products that Panama exported to Chile were Refined Petroleum ($18.8M), Perfumes ($7.85M), and Hard Liquor ($6.28M). During the last 27 years the exports of Panama to Chile have increased at an annualized rate of 8.73%, from $8.96M in 1995 to $85.9M in 2022.

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

Comparison In 2022,  Chile ranked 71 in the Economic Complexity Index (ECI -0.22), and 44 in total exports ($99B). That same year, Panama ranked 51 in the Economic Complexity Index (ECI 0.19), and 119 in total exports ($6.62B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Chile exported $340M to Panama. The main products exported from Chile to Panama were Refined Petroleum ($168M), Copper Wire ($17.2M), and Fish Fillets ($12.7M). During the last 27 years the exports of Chile to Panama have increased at an annualized rate of 9.69%, from $28M in 1995 to $340M in 2022.

In 2022, Panama exported $85.9M to Chile. The main products exported from Panama to Chile were Refined Petroleum ($18.8M), Perfumes ($7.85M), and Hard Liquor ($6.28M). During the last 27 years the exports of Panama to Chile have increased at an annualized rate of 8.73%, from $8.96M in 1995 to $85.9M in 2022.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.5B
Panama
Top Destination
China$1.14B

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

In 2021, countries that imported more from Chile than Panama were China ($38.5B), United States ($13.9B), and Japan ($7.43B).

In 2021, countries that imported more from Panama than Chile were Jamaica ($99.7M), Guyana ($49.6M), and Barbados ($45.1M).

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

Comparative Advantage Chile - Panama

Flow
Scale

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

During 2022, Chile had a large net trade with Panama in the exports of Mineral Products ($174M), Foodstuffs ($31.2M), and Metals ($30.2M).

During 2022, Panama had a large net trade with Chile in the exports of Mineral Products ($18.8M), Machines ($17.4M), and Chemical Products ($10.5M).

Service Trade

Bilateral Service Trade

Chl Year

In 2009, Chile exported services to Panama worth $31.9M, with Transportation ($20.6M) and Other business services ($11.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Chile (Flag) to Panama (Flag) (2009)

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

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

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