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2022
Flag → Flag
Exports $43.4MRnk 31 / 153
2022
Flag → Flag
Top Product $5.77MRolled Tobacco
2022
Flag → Flag
Exports $2.29MRnk 11 / 79
2022
Flag → Flag
Top Product $1.54MHard Liquor
2022
Flag
Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
2022
Flag  
GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
GDP PC $17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186

About

Panama-Aruba Trade: In 2022, Panama exported $43.4M to Aruba. The main products that Panama exported to Aruba were Rolled Tobacco ($5.77M), Unpackaged Medicaments ($5.11M), and Packaged Medicaments ($4.76M). Over the past 5 years the exports of Panama to Aruba have decreased at an annualized rate of 0.65%, from $44.8M in 2017 to $43.4M in 2022.

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

Aruba-Panama Trade: In 2022, Aruba exported $2.29M to Panama. The main products that Aruba exported to Panama were Hard Liquor ($1.54M), Rolled Tobacco ($533k), and Buckwheat ($38.3k). Over the past 5 years the exports of Aruba to Panama have decreased at an annualized rate of 9.52%,  from $3.78M in 2017 to $2.29M in 2022.

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

Comparison In 2022,  Panama ranked 56 in the Economic Complexity Index (ECI 0.17),  and 119 in total exports ($6.62B). That same year, Aruba ranked 194 in total exports ($123M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Panama exported $43.4M to Aruba. The main products exported from Panama to Aruba were Rolled Tobacco ($5.77M), Unpackaged Medicaments ($5.11M), and Packaged Medicaments ($4.76M). During the last 5 years the exports of Panama to Aruba have decreased at an annualized rate of 0.65%, from $44.8M in 2017 to $43.4M in 2022.

In 2017, Aruba exported $2.29M to Panama. The main products exported from Aruba to Panama were Hard Liquor ($1.54M), Rolled Tobacco ($533k), and Buckwheat ($38.3k). During the last 5 years the exports of Aruba to Panama have decreased at an annualized rate of 9.52%, from $3.78M in 2022 to $2.29M in 2017.

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

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

Latest Data

Trade between Panama (Flag) and Aruba (Flag)

Panama Exports

Aruba Exports

Market Competitiveness

Color
Panama
Top DestinationChina$1.14B
Aruba
Top DestinationColombia$49M

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

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

In 2022, countries that imported more from Aruba than Panama included Jordan ($13.2M), Curaçao ($5.8M), and Bonaire ($1.48M).

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

Comparative Advantage Panama - Aruba

Flow
Scale

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

During 2022, Panama had a large net trade with Aruba in the exports of Chemical Products ($10.8M), Foodstuffs ($6.88M), and Textiles ($5.68M).

During 2017, Aruba had a large net trade with Panama in the exports of Foodstuffs ($2.12M), Textiles ($52.5k), and Vegetable Products ($38.4k).

Economic Complexity

Competitive Landscape

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

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

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