Ecuador-Panama Trade: In 2022, Ecuador exported $4.97B to Panama. The main products that Ecuador exported to Panama were Crude Petroleum ($4.02B), Refined Petroleum ($877M), and Animal Food ($8.09M). Over the past 5 years the exports of Ecuador to Panama have increased at an annualized rate of 39.5%, from $941M in 2017 to $4.97B in 2022.
In 2022, Ecuador did not export any services to Panama.
Panama-Ecuador Trade: In 2022, Panama exported $84.9M to Ecuador. The main products that Panama exported to Ecuador were Refined Petroleum ($15.3M), Non-fillet Frozen Fish ($13.7M), and Electrical Transformers ($5.75M). Over the past 5 years the exports of Panama to Ecuador have decreased at an annualized rate of 19.4%, from $915M in 2017 to $84.9M in 2022.
In 2022, Panama did not export any services to Ecuador.
Comparison: In 2022, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). That same year, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B).