France (FRA) and Panama (PAN) Trade | The Observatory of Economic Complexity

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France-Panama Trade: In 2022, France exported $304M to Panama. The main products that France exported to Panama were Perfumes ($74.7M), Packaged Medicaments ($45.9M), and Hard Liquor ($28.2M). Over the past 5 years the exports of France to Panama have decreased at an annualized rate of 4.72%, from $387M in 2017 to $304M in 2022.

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

Panama-France Trade: In 2022, Panama exported $11.3M to France. The main products that Panama exported to France were Gold ($2.36M), Other Pure Vegetable Oils ($1.65M), and Hard Liquor ($1.49M). Over the past 5 years the exports of Panama to France have decreased at an annualized rate of 7.63%, from $16.8M in 2017 to $11.3M in 2022.

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

Comparison: In 2022, France ranked 16 in the Economic Complexity Index (ECI 1.3), and 8 in total exports ($608B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, France exported $304M to Panama. The main products exported from France to Panama were Perfumes ($74.7M), Packaged Medicaments ($45.9M), and Hard Liquor ($28.2M). During the last 5 years the exports of France to Panama have decreased at an annualized rate of 4.72%, from $387M in 2017 to $304M in 2022.

In 2017, Panama exported $11.3M to France. The main products exported from Panama to France were Gold ($2.36M), Other Pure Vegetable Oils ($1.65M), and Hard Liquor ($1.49M). During the last 5 years the exports of Panama to France have decreased at an annualized rate of 7.63%, from $16.8M in 2022 to $11.3M in 2017.

Exports from France () to Panama () (2022)

Exports from Panama () to France () (2022)

Latest Data

Trade between France () and Panama ()

France Exports

Date

Panama Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

France
Top DestinationGermany$78.3B

Panama
Top DestinationChina$1.14B

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

In 2022, countries that imported more from France than Panama included Germany ($78.3B), Italy ($56.4B), and United States ($50B).

In 2022, countries that imported more from Panama than France included Costa Rica ($242M), Jamaica ($99.7M), and Guyana ($49.6M).

Difference in imports from Panama () and France () (2022)

Comparative Advantage France - Panama

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, France had a large net trade with Panama in the exports of Chemical Products ($189M), Foodstuffs ($49M), and Machines ($24.5M).

During 2017, Panama had a large net trade with France in the exports of Precious Metals ($2.38M), Foodstuffs ($1.71M), and Animal and Vegetable Bi-Products ($1.65M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential France Panama+$19.8MPackaged Medicaments

Top Product Potential Panama France+$2.82MGold

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.

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from France () to Panama () (2022)

Exports from Panama () to France () (2022)

Latest Data

Trade between France () and Panama ()

France Exports

Panama Exports

Market Competitiveness

Difference in imports from Panama () and France () (2022)

Comparative Advantage France - Panama

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of France () and Panama () (2022)

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