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Pricing

2022
Flag → Flag
Exports $85.9MRnk 18 / 153
2022
Flag → Flag
Top Product $18.8MRefined Petroleum
2022
Flag → Flag
Exports $340MRnk 27 / 185
2022
Flag → Flag
Top Product $168MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.18Rnk 74 / 133
2022
Flag  
GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
 GDP$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH12.7%CURRENT US$
Rnk 142 / 186
2022
Flag
GDP PC $17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186
2022
Flag
GDP PC$15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH-0.33%CURRENT US$
Rnk 144 / 186

About

Panama-Chile Trade: In 2022, Panama exported $85.9M to Chile. The main products that Panama exported to Chile were Refined Petroleum ($18.8M), Perfumes ($7.85M), and Hard Liquor ($6.28M). Over the past 5 years the exports of Panama to Chile have decreased at an annualized rate of 5.37%, from $113M in 2017 to $85.9M in 2022.

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

Chile-Panama Trade: In 2022, Chile exported $340M to Panama. The main products that Chile exported to Panama were Refined Petroleum ($168M), Copper Wire ($17.2M), and Fish Fillets ($12.7M). Over the past 5 years the exports of Chile to Panama have increased at an annualized rate of 3.6%,  from $265M in 2017 to $340M in 2022.

In 2009, Chile exported services to Panama worth $31.9M, with Transportation ($20.6M) and Other business services ($11.3M) being the largest in terms of value.

Comparison: In 2022,  Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B). That same year, Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Panama exported $85.9M to Chile. The main products exported from Panama to Chile were Refined Petroleum ($18.8M), Perfumes ($7.85M), and Hard Liquor ($6.28M). During the last 5 years the exports of Panama to Chile have decreased at an annualized rate of 5.37%, from $113M in 2017 to $85.9M in 2022.

In 2017, Chile exported $340M to Panama. The main products exported from Chile to Panama were Refined Petroleum ($168M), Copper Wire ($17.2M), and Fish Fillets ($12.7M). During the last 5 years the exports of Chile to Panama have increased at an annualized rate of 3.6%, from $265M in 2022 to $340M in 2017.

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

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

Latest Data

Trade between Panama (Flag) and Chile (Flag)

Panama Exports

Chile Exports

Market Competitiveness

Color
Panama
Top DestinationChina$1.14B
Chile
Top DestinationChina$38.5B

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

In 2022, countries that imported more from Panama than Chile included Jamaica ($99.7M), Guyana ($49.6M), and Barbados ($45.1M).

In 2022, countries that imported more from Chile than Panama included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

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

Comparative Advantage Panama - Chile

Flow
Scale

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

During 2022, Panama had a large net trade with Chile in the exports of Mineral Products ($18.8M), Machines ($17.4M), and Chemical Products ($10.5M).

During 2017, Chile had a large net trade with Panama in the exports of Mineral Products ($174M), Foodstuffs ($31.2M), and Metals ($30.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Panama Chile+$5.82MRefined Petroleum
Top Product Potential Chile Panama+$1.72MCrude Petroleum

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

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

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

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