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2023
Flag → Flag
Exports $47.3kRnk 50 / 97
2023
Flag → Flag
Top Product $47.3kHard Liquor
2023
Flag → Flag
Exports $4.33MRnk 61 / 146
2023
Flag → Flag
Top Product $2.12MCement
2023
Flag
Economic Complexity (ECI) ECI -0.14Rnk 69 / 132
2023
Flag  
GDP$3.28BCURRENT US$
Rnk 167 / 195
2013-2023
Flag
GDP GROWTH8.17%CURRENT US$
Rnk 160 / 195
2023
Flag
 GDP$83.3BCURRENT US$
Rnk 76 / 195
2013-2023
Flag
GDP GROWTH77.5%CURRENT US$
Rnk 32 / 195
2023
Flag
GDP PC $22,192CURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP PC GROWTH12.5%CURRENT US$
Rnk 126 / 195
2023
Flag
GDP PC$18,686CURRENT US$
Rnk 65 / 196
2013-2023
Flag
GDP PC GROWTH52.3%CURRENT US$
Rnk 43 / 195

About

Curaçao-Panama Trade: In 2023, Curaçao exported $47.3k to Panama. The main products that Curaçao exported to Panama were Hard Liquor ($47.3k). Over the past 5 years the exports of Curaçao to Panama have decreased at an annualized rate of 59.4%, from $4.28M in 2018 to $47.3k in 2023.

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

Panama-Curaçao Trade: In 2023, Panama exported $4.33M to Curaçao. The main products that Panama exported to Curaçao were Cement ($2.12M), Refined Petroleum ($1.19M), and Non-fillet Frozen Fish ($376k). Over the past 5 years the exports of Panama to Curaçao have decreased at an annualized rate of 39.6%,  from $54M in 2018 to $4.33M in 2023.

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

Comparison In 2023,  Curaçao ranked 174 in total exports ($370M), and does not have data regarding Economic Complexity Index. 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
Value

In 2023, Curaçao exported $47.3k to Panama. The main products exported from Curaçao to Panama were Hard Liquor ($47.3k). During the last 5 years the exports of Curaçao to Panama have decreased at an annualized rate of 59.4%, from $4.28M in 2018 to $47.3k in 2023.

In 2018, Panama exported $4.33M to Curaçao. The main products exported from Panama to Curaçao were Cement ($2.12M), Refined Petroleum ($1.19M), and Non-fillet Frozen Fish ($376k). During the last 5 years the exports of Panama to Curaçao have decreased at an annualized rate of 39.6%, from $54M in 2023 to $4.33M in 2018.

Exports from Curaçao (Flag) to Panama (Flag) (2023)

Exports from Panama (Flag) to Curaçao (Flag) (2023)

Latest Data

Trade between Curaçao (Flag) and Panama (Flag)

Panama Exports

Market Competitiveness

Color
Curaçao
Top DestinationArmenia$212M
Panama
Top DestinationChina$1.62B

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

In 2023, countries that imported more from Curaçao than Panama included Armenia ($212M), Saudi Arabia ($7.95M), and United Arab Emirates ($3.69M).

In 2023, countries that imported more from Panama than Curaçao included China ($1.62B), Japan ($653M), and Thailand ($346M).

Difference in imports from Panama (Flag) and Curaçao (Flag) (2023)

Comparative Advantage Curaçao - Panama

Flow
Scale

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

During 2023, Curaçao had a large net trade with Panama in the exports of Foodstuffs ($47.3k).

During 2018, Panama had a large net trade with Curaçao in the exports of Mineral Products ($3.31M), Animal Products ($597k), and Textiles ($181k).

Economic Complexity

Competitive Landscape

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

Product Space of Curaçao (Flag) and Panama (Flag) (2023)

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