2022
Flag  
GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
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GDP GROWTH
37%CURRENT US$
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2022
Flag
 GDP
$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH
89.3%CURRENT US$
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2022
Flag
GDP PC 
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 186
2022
Flag
GDP PC
$17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH
61.2%CURRENT US$
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About

Hong Kong-Panama In 2022, Hong Kong exported $47.4M to Panama. The main products that Hong Kong exported to Panama are Other Small Iron Pipes ($10.3M), Broadcasting Equipment ($4.01M), and Medical Instruments ($2.56M). During the last 27 years the exports of Hong Kong to Panama have decreased at an annualized rate of 9.56%, from $715M in 1995 to $47.4M in 2022.

In 2022, Hong Kong did not export any services to Panama.

Panama-Hong Kong In 2022, Panama exported $29M to Hong Kong. The main products that Panama exported to Hong Kong were Base Metal Watches ($7.71M), Bananas ($5.65M), and Knit T-shirts ($1.7M). During the last 27 years the exports of Panama to Hong Kong have increased at an annualized rate of 1.41%, from $19.9M in 1995 to $29M in 2022.

In 2022, Panama did not export any services to Hong Kong.

Comparison In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). 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, Hong Kong exported $47.4M to Panama. The main products exported from Hong Kong to Panama were Other Small Iron Pipes ($10.3M), Broadcasting Equipment ($4.01M), and Medical Instruments ($2.56M). During the last 27 years the exports of Hong Kong to Panama have decreased at an annualized rate of 9.56%, from $715M in 1995 to $47.4M in 2022.

In 2022, Panama exported $29M to Hong Kong. The main products exported from Panama to Hong Kong were Base Metal Watches ($7.71M), Bananas ($5.65M), and Knit T-shirts ($1.7M). During the last 27 years the exports of Panama to Hong Kong have increased at an annualized rate of 1.41%, from $19.9M in 1995 to $29M in 2022.

Exports from Hong Kong (Flag) to Panama (Flag) (2022)

Exports from Panama (Flag) to Hong Kong (Flag) (2022)

Latest Data

Trade between Hong Kong (Flag) and Panama (Flag)

Hong Kong Exports

Panama Exports

Market Competitiveness

Color
Hong Kong
Top Destination
China$23.4B
Panama
Top Destination
China$1.14B

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

In 2021, countries that imported more from Hong Kong than Panama were China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

In 2021, countries that imported more from Panama than Hong Kong were Costa Rica ($242M), Guatemala ($148M), and Jamaica ($99.7M).

Difference in imports from Panama (Flag) and Hong Kong (Flag) (2022)

Comparative Advantage Hong Kong - Panama

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Panama in the exports of Machines ($13.7M), Metals ($12M), and Textiles ($8.54M).

During 2022, Panama had a large net trade with Hong Kong in the exports of Instruments ($8.18M), Vegetable Products ($7.36M), and Machines ($3.94M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Hong Kong has comparative advantage over Panama. Similarly, the more yellow a dot/product is, the more Panama has comparative advantage over Hong Kong.

Product Space of Hong Kong (Flag) and Panama (Flag) (2022)

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