Panama (PAN) and Argentina (ARG) Trade | The Observatory of Economic Complexity

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Panama-Argentina Trade: In 2023, Panama exported $1.19M to Argentina. The main products that Panama exported to Argentina were Other Large Iron Pipes ($392k), Cocoa Beans ($312k), and Polyacetals ($173k). Over the past 5 years the exports of Panama to Argentina have decreased at an annualized rate of 55.2%, from $65.6M in 2018 to $1.19M in 2023.

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

Argentina-Panama Trade: In 2023, Argentina exported $205M to Panama. The main products that Argentina exported to Panama were Cars ($76.9M), Delivery Trucks ($63.2M), and Soybean Oil ($21M). Over the past 5 years the exports of Argentina to Panama have increased at an annualized rate of 6.92%, from $147M in 2018 to $205M in 2023.

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

Comparison: In 2023, Panama ranked 69 in the Economic Complexity Index (ECI -0.14), and 121 in total exports ($6.59B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Panama exported $1.19M to Argentina. The main products exported from Panama to Argentina were Other Large Iron Pipes ($392k), Cocoa Beans ($312k), and Polyacetals ($173k). During the last 5 years the exports of Panama to Argentina have decreased at an annualized rate of 55.2%, from $65.6M in 2018 to $1.19M in 2023.

In 2018, Argentina exported $205M to Panama. The main products exported from Argentina to Panama were Cars ($76.9M), Delivery Trucks ($63.2M), and Soybean Oil ($21M). During the last 5 years the exports of Argentina to Panama have increased at an annualized rate of 6.92%, from $147M in 2023 to $205M in 2018.

Exports from Panama () to Argentina () (2023)

Exports from Argentina () to Panama () (2023)

Latest Data

Trade between Panama () and Argentina ()

Panama Exports

Date

Argentina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Panama
Top DestinationChina$1.62B

Argentina
Top DestinationBrazil$12.1B

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

In 2023, countries that imported more from Panama than Argentina included Costa Rica ($307M), Denmark ($239M), and Gabon ($121M).

In 2023, countries that imported more from Argentina than Panama included Brazil ($12.1B), United States ($6.27B), and Chile ($5.57B).

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

Comparative Advantage Panama - Argentina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Panama had a large net trade with Argentina in the exports of Metals ($393k), Foodstuffs ($312k), and Plastics and Rubbers ($178k).

During 2018, Argentina had a large net trade with Panama in the exports of Transportation ($141M), Animal and Vegetable Bi-Products ($31M), and Chemical Products ($13.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Panama Argentina+$5.28kRefined Petroleum

Top Product Potential Argentina Panama+$3.7MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Panama () to Argentina () (2023)

Exports from Argentina () to Panama () (2023)

Latest Data

Trade between Panama () and Argentina ()

Panama Exports

Argentina Exports

Market Competitiveness

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

Comparative Advantage Panama - Argentina

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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