Sign In
Pricing

2022
Flag → Flag
Exports $340MRnk 27 / 185
2022
Flag → Flag
Top Product $168MRefined Petroleum
2022
Flag → Flag
Exports $85.9MRnk 18 / 153
2022
Flag → Flag
Top Product $18.8MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.18Rnk 74 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
2022
Flag  
GDP$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH12.7%CURRENT US$
Rnk 142 / 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 $15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH-0.33%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC$17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186

About

Chile-Panama Trade: In 2022, Chile exported $340M to Panama. The main products that Chile exported to Panama were Refined Petroleum ($168M), Copper Wire ($17.2M), and Fish Fillets ($12.7M). Over the past 5 years the exports of Chile to Panama have increased at an annualized rate of 5.07%, from $265M in 2017 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 Trade: 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). Over the past 5 years the exports of Panama to Chile have decreased at an annualized rate of 3.02%,  from $113M in 2017 to $85.9M in 2022.

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

Comparison: In 2022,  Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B). That same year, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B).

Latest Trends

September, 2024

About

Overview In September 2024, Chile exported $12.6M and imported $74.3M from Panama, resulting in a negative trade balance of $61.7M. Between September 2023 and September 2024 the exports of Chile have decreased by $-44.5k (-0.35%) from $12.7M to $12.6M, while imports decreased by $-91.4M (-55.1%) from $166M to $74.3M.

Trade In September 2024, the top exports of Chile to Panama were Commodities not elsewhere specified ($2.99M), Fish Fillets ($1.82M), Malt ($746k), Stone Processing Machines ($713k), and Animal Food ($528k). In September 2024 the top imports of Chile from Panama were Industrial Printers ($13.9M), Computers ($6.17M), Non-Knit Men's Suits ($5.96M), Knit Women's Suits ($5.25M), and Knit Sweaters ($5.24M).

Origins In September 2024 the exports of Chile were mainly from Las Condes ($4.54M), Providencia ($1.79M), Puerto Montt ($967k), San Bernardo ($891k), and Santiago ($473k), while imports destinations were mainly Providencia ($35.1M), Huechuraba ($12.2M), Las Condes ($10.9M), Santiago ($9.24M), and Temuco ($1.64M).

Growth In September 2024, the decrease in Chile's year-by-year exports to Panama was explained primarily by an decrease in product exports in Commodities not elsewhere specified ($-1.44M or -32.5%), Wine ($-731k or -63.2%), and Iron Cloth ($-195k or -91.9%). In September 2024, the decrease in Chile's year-by-year imports  from Panama was explained primarily by an decrease in product imports  in Knit Sweaters ($-79.4M or -93.8%), Computers ($-12.8M or -67.4%), and Beauty Products ($-7.6M or -98.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$-44.5k(-0.35%)
IMPORT GROWTH (September 2023 - September 2024)$-91.4M(-55.1%)
MAIN EXPORTER (September 2024)Las Condes$4.54M

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

To check Panama and Chile trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Panama and Chile Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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 5 years the exports of Chile to Panama have increased at an annualized rate of 5.07%, from $265M in 2017 to $340M in 2022.

In 2017, 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 5 years the exports of Panama to Chile have decreased at an annualized rate of 3.02%, from $113M in 2022 to $85.9M in 2017.

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

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

Market Competitiveness

Color
Chile
Top DestinationChina$38.5B
Panama
Top DestinationChina$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 2022, countries that imported more from Chile than Panama included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

In 2022, countries that imported more from Panama than Chile included 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 2017, Panama had a large net trade with Chile in the exports of Mineral Products ($18.8M), Machines ($17.4M), and Chemical Products ($10.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Panama+$1.72MCrude Petroleum
Top Product Potential Panama Chile+$5.82MRefined Petroleum

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 Chile and Panama. This means that a dot/product with the flag of Chile indicates it has a comparative advantage over Panama. Similarly, a dot/product with the flag of Panama indicates it has a comparative advantage over Chile.

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

Keep Exploring

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