Cambodia (KHM) and Panama (PAN) Trade | The Observatory of Economic Complexity

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Cambodia-Panama Trade: In 2023, Cambodia exported $6.61M to Panama. The main products that Cambodia exported to Panama were Non-Knit Women's Suits ($1.4M), Rubber Footwear ($1.39M), and Trunks and Cases ($735k). Over the past 5 years the exports of Cambodia to Panama have decreased at an annualized rate of 17.9%, from $17.7M in 2018 to $6.61M in 2023.

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

Panama-Cambodia Trade: In 2023, Panama exported $2.51M to Cambodia. The main products that Panama exported to Cambodia were Tanned Equine and Bovine Hides ($1.39M), Equine and Bovine Hides ($1.12M), and Other Edible Preparations ($1.24k). Over the past 5 years the exports of Panama to Cambodia have increased at an annualized rate of 118%, from $51.3k in 2018 to $2.51M in 2023.

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

Comparison: In 2023, Cambodia ranked 95 in the Economic Complexity Index (ECI -0.66), and 68 in total exports ($34.3B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Cambodia exported $6.61M to Panama. The main products exported from Cambodia to Panama were Non-Knit Women's Suits ($1.4M), Rubber Footwear ($1.39M), and Trunks and Cases ($735k). During the last 5 years the exports of Cambodia to Panama have decreased at an annualized rate of 17.9%, from $17.7M in 2018 to $6.61M in 2023.

In 2018, Panama exported $2.51M to Cambodia. The main products exported from Panama to Cambodia were Tanned Equine and Bovine Hides ($1.39M), Equine and Bovine Hides ($1.12M), and Other Edible Preparations ($1.24k). During the last 5 years the exports of Panama to Cambodia have increased at an annualized rate of 118%, from $51.3k in 2023 to $2.51M in 2018.

Exports from Cambodia () to Panama () (2023)

Exports from Panama () to Cambodia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cambodia
Top DestinationUnited States$12.2B

Panama
Top DestinationChina$1.62B

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

In 2023, countries that imported more from Cambodia than Panama included United States ($12.2B), Germany ($2.1B), and Vietnam ($1.55B).

In 2023, countries that imported more from Panama than Cambodia included Costa Rica ($307M), Dominican Republic ($148M), and Denmark ($239M).

Difference in imports from Panama () and Cambodia () (2023)

Comparative Advantage Cambodia - Panama

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Cambodia had a large net trade with Panama in the exports of Textiles ($4.06M), Footwear and Headwear ($1.66M), and Animal Hides ($838k).

During 2018, Panama had a large net trade with Cambodia in the exports of Animal Hides ($2.51M) and Foodstuffs ($1.24k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Cambodia Panama+$2.53MTrunks and Cases

Top Product Potential Panama Cambodia+$28.8kTanned Equine and Bovine Hides

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 Cambodia and Panama. This means that a dot/product with the flag of Cambodia indicates it has a comparative advantage over Panama. Similarly, a dot/product with the flag of Panama indicates it has a comparative advantage over Cambodia.

About

Historical Data

Bilateral Trade by Products

Exports from Cambodia () to Panama () (2023)

Exports from Panama () to Cambodia () (2023)

Market Competitiveness

Difference in imports from Panama () and Cambodia () (2023)

Comparative Advantage Cambodia - Panama

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Cambodia () and Panama () (2023)

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