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2022
Flag → Flag
Exports $15.4MRnk 74 / 188
2022
Flag → Flag
Top Product $11.9MRefined Petroleum
2022
Flag → Flag
Exports $2.42MRnk 72 / 153
2022
Flag
Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
2022
Flag  
GDP$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH65.5%CURRENT US$
Rnk 34 / 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 $28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH62.8%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC$17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186

About

Estonia-Panama Trade: In 2022, Estonia exported $15.4M to Panama. The main products that Estonia exported to Panama were Refined Petroleum ($11.9M), Coal Tar Oil ($2.51M), and Crude Petroleum ($265k). Over the past 5 years the exports of Estonia to Panama have increased at an annualized rate of 98.1%, from $506k in 2017 to $15.4M in 2022.

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

Panama-Estonia Trade: In 2022, Panama exported $2.42M to Estonia. The main products that Panama exported to Estonia were N/A. Over the past 5 years the exports of Panama to Estonia have increased at an annualized rate of 11.9%,  from $1.1M in 2017 to $2.42M in 2022.

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

Comparison In 2022,  Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index. That same year, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Estonia exported $15.4M to Panama. The main products exported from Estonia to Panama were Refined Petroleum ($11.9M), Coal Tar Oil ($2.51M), and Crude Petroleum ($265k). During the last 5 years the exports of Estonia to Panama have increased at an annualized rate of 98.1%, from $506k in 2017 to $15.4M in 2022.

In 2017, Panama exported $2.42M to Estonia. There were not main exports from Panama to Estonia in 2017. During the last 5 years the exports of Panama to Estonia have increased at an annualized rate of 11.9%, from $1.1M in 2022 to $2.42M in 2017.

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

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

Latest Data

Trade between Estonia (Flag) and Panama (Flag)

Estonia Exports

Market Competitiveness

Color
Estonia
Top DestinationFinland$3B
Panama
Top DestinationChina$1.14B

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

In 2022, countries that imported more from Estonia than Panama included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

In 2022, countries that imported more from Panama than Estonia included China ($1.14B), Japan ($785M), and South Korea ($539M).

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

Comparative Advantage Estonia - Panama

Flow
Scale

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

During 2022, Estonia had a large net trade with Panama in the exports of Mineral Products ($14.7M), Machines ($221k), and Instruments ($193k).

During 2017, Panama had a large net trade with Estonia in the exports of Vegetable Products ($2.14M), Foodstuffs ($235k), and Footwear and Headwear ($24k).

Economic Complexity

Competitive Landscape

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

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

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